Sometime in June, Binance will be launching it's NFT Marketplace called "Binance NFT". It's aim is to be the world's leading NFT marketplace and trading platform.
"The new marketplace will bring together artists, creators and crypto enthusiasts from around the world. Expect a packed lineup of premier exhibitions and NFT collaborations, along with Binance’s industry-best liquidity—all with the lowest fees for users and creators."
What does this mean for BNB (Binance Coin)?
I expect the price for BNB to go up as we near the release of this NFT Marketplace. I believe BNB will definitely play a role in this new platform that Binance is creating and as a result BNB will increase in value. It is important to remember that Binance is regarded as the biggest exchange of crypto currencies in the world. I know it can be hard to get into as a beginner because they have so many features and opportunities. But as Binance continues to be the leading Exchange in the crypto market world, BNB will continue to rise.
I'm not giving any entries or exit points. This is based purely on fundamental analysis. I truly believe that BNB will be a leading alt coin for as long as Binance continues to be the number one crypto exchange in the world.
It is extremely important however to monitor Bitcoin's movement in the upcoming days and weeks. Nothing matters if Bitcoin decides to drop down due to the large market dominance.
"The new marketplace will bring together artists, creators and crypto enthusiasts from around the world. Expect a packed lineup of premier exhibitions and NFT collaborations, along with Binance’s industry-best liquidity—all with the lowest fees for users and creators."
What does this mean for BNB (Binance Coin)?
I expect the price for BNB to go up as we near the release of this NFT Marketplace. I believe BNB will definitely play a role in this new platform that Binance is creating and as a result BNB will increase in value. It is important to remember that Binance is regarded as the biggest exchange of crypto currencies in the world. I know it can be hard to get into as a beginner because they have so many features and opportunities. But as Binance continues to be the leading Exchange in the crypto market world, BNB will continue to rise.
I'm not giving any entries or exit points. This is based purely on fundamental analysis. I truly believe that BNB will be a leading alt coin for as long as Binance continues to be the number one crypto exchange in the world.
It is extremely important however to monitor Bitcoin's movement in the upcoming days and weeks. Nothing matters if Bitcoin decides to drop down due to the large market dominance.
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