BNB/ETH has been on a long-term positive trend throughout 2018. ETH is already one of the major cryptocurrrencies, with strong fundamentals and high marketcap, so the question arises as to whether ETH should be the main component of a crypto portfolio. I used to just hold most of my crypto in ETH, but realised that BNB was doing too consistently well for me not to take a closer look at it. BNB's price increase has been driven by strong fundamentals, like the growth of the Binance trading exchange, the usually highly-anticipated coin "burns" or liquidation of a portion of coins (which result in price increases before the burns happen, as BNB coins are worth more each following the burn), and innovations like being able to collect crypto "dust" into BNB. In the short term (e.g. day to day), BNB's price is relatively stable and doesn't have extremely high volatility, which is useful for buying other coins at good prices should the opportunity become available.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.