<div class="dailyhodl">
 A closely followed crypto analyst and trader is turning bullish on the native asset of a layer-1 blockchain.
 Pseudonymous analyst Loma tells his 303,500 followers on the social media platform X that BNB, the native asset of the BNB Chain, is displaying strength from both the technical and fundamental viewpoints.
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 “I think [BNB] is a live dark horse for majors. 
 <ul>
 <li>Structurally looks good in both USD and BTC pairing.</li>
 <li>Negative funding since it’s typically hedged against spot holdings for fee reductions by larger whales.</li>
 <li>Free of SEC (U.S. Securities and Exchange Commission) persecution in the short/mid-term.</li>
 </ul>
 I have a bag.” 
 However, the analyst says the upside potential of BNB is relatively smaller than more speculative digital assets given its larger market cap.
 “Yes, larger market cap. Yes, it won’t give you the same 10,000x move that some memecoins will. But different portfolio amounts equal different asset selection(s) and expectation(s).” 
 Fellow pseudonymous crypto analyst Kaleo believes BNB is gearing up for a breakout.
 “BNB still looks primed to break out of this range.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GLFG9frWsAEc9_C?format=jpg&amp;name=large" alt="Image" width="1842" height="823">
 <figcaption class="wp-caption-text">
 Source: Kaleo/X
 </figcaption>
 </figure>
 Looking at the trader’s daily chart, he suggests that BNB is forming a bullish triangle pattern and could soon rally to the $1,000 level around May.
 BNB is trading for $541.51 at time of writing, down nearly 4% in the last 24 hours.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/this-exchange-altcoin-is-a-dark-horse-crypto-play-amid-good-market-structure-says-trader-tbt85468.html">https://thebittimes.com/this-exchange-altcoin-is-a-dark-horse-crypto-play-amid-good-market-structure-says-trader-tbt85468.html</a>

This Exchange Altcoin Is a ‘Dark Horse’ Crypto Play Amid Good Market Structure, Says Trader

TheBitTimes

Inne artykuły opublikowane 16 kwi 2024

Bitcoin Cash (BCH) Begins Correction Following 133% Price Surge – What’s Next?

6 Questions for Kieren James-Lubin, who wants us to ‘get on the same page’ about grandma

Current Actions of Bitcoin Holders Mirror December 2020, Suggesting Possible Growth Phase: Bitfin...

Amidst Crypto’s April Shifts, Kelexo (KLXO) Lending Platform Presale Lures Dogwifhat (WIF) & The ...

Bored Ape Yacht Club Sees Historic Low at 10.89 ETH

Most Trending Cryptocurrency on Base Chain Now – Based Shiba Inu, Mochi, Boshi

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!