Is the BNB Crypto a Buy Near Record Highs?
BNB (BNBUSD) is the native utility token of the Binance ecosystem, which includes the Binance exchange. It is the biggest crypto exchange worldwide, so BNB is heavily used, and it is one of the only few cryptos that have bona fide utility. The crypto is also used to pay fees for other tokens and smart contracts on the Binance Smart Chain.
Still, the price action has been muted since the first few months of 2024. It only delivered low double-digit upside if you bought during those 2024 highs and barely eeked out new highs as Bitcoin (BTCUSD) raced ahead.
More recently, even Ethereum (ETHUSD) has started delivering significant gains, with BNB remaining behind. Bitcoin is up 25% in the year to date, while Ethereum is up…
