It also has a use case as a viable means of peer-to-peer payment for retail transactions and developers behind the Binance Exchange have launched their own payments platform to rival the likes of PayPal - BinancePay. The platform processes over 1.4 million transactions per second and discounted rates are available for those paying in BNB, so naturally, it is often in high demand.īNB is also an integral part of the exchange system, which means it experiences a consistently high trading volume. Interestingly, Binance Coin started life as an ECR-20 token on the Ethereum network but moved to its own proprietary network in 2017.Īs the native token of the Binance Exchange, BNB has a certain degree of stability. Binance Coinīinance Coin (BNB) is currently a top-five cryptocurrency behind the likes of Bitcoin and Ethereum and is the native currency of the world’s biggest cryptocurrency exchange - Binance. However, anyone considering investing in either coin should be aware that they are very different beasts and understanding how they differ is essential in putting together a strategy. Dogecoin vs Binance Coinīoth Binance Coin and Dogecoin are top ten cryptocurrencies that have the potential to offer serious returns. If you want to weigh up Binance Coin vs Dogecoin, then the following review should help you to identify the key differences between the tokens and decide which one best fits your investment strategy. Whereas BNB is the native token of the largest digital exchange in the world, Dogecoin has become arguably the world’s most fashionable token on the market. When it comes to investing, Binance Coin and Dogecoin present differing opportunities. However, whereas Dogecoin took several years to build notoriety, BNB quickly became a stalwart of the top five cryptocurrencies by market cap. So which one is the better buy in 2022?Īs DeFi continues to be more prominent in the blockchain world and a host of exciting new projects continue to appear, many casual observers might be surprised to find that the list of top cryptocurrencies is still dominated by established big-names, such as Bitcoin, Binance Coin, Ripple and Dogecoin.īinance Coin and Dogecoin were launched in 20 respectively, making Binance the newer of the two. “I’m still going to be checking around this 0.5 level around $0.22 or so… that $0.22 area has a decent support and resistance level… that is an area that I’m looking to bid.”įantom is moving for $0.23 at time of writing.Binance Coin and Dogecoin are both huge names in the cryptocurrency space - but for very different reasons. According to the analyst, the smart contract-enabled blockchain presents a buying opportunity for investors at the $0.22 support level. Polygon is valued at $0.89 at time of writing.Īltcoin Sherpa concludes his analysis with Ethereum competitor Fantom ( FTM). But again it’s really going to be dependent on Bitcoin.” I wouldn’t be surprised to see this kind of go up to like the mid $1s. “I think it’s likely that we see something like more upside as long as Bitcoin holds up. The crypto trader says that Polygon possesses upside potential that is dependent on how Bitcoin ( BTC) trades. Next up is layer-2 Ethereum-scaling solution Polygon ( MATIC). Wouldn’t be surprised if maybe the lows come again but around $260.”īinance Coin is trading for $284 at time of writing. You can see that this high around $330 and this low around $260, this is probably the range right now… tapped multiple times as support all throughout September, October and tapped as resistance several times as well… “Choppy price action to be honest on lower time frames. Turning to Binance Coin ( BNB), the strategist notes that the native asset of the world’s largest crypto exchange platform by volume is trading in a range between $260 and $330 and says he expects the asset to fall to the lower bound of the range. So you can just think about it like this where it’s resistance several times and now it is currently support… this area could theoretically be an area to entry.”ĭogecoin is changing hands for $0.96 at time of writing.
“This area should be a theoretical area of support given this high that was set before. According to Altcoin Sherpa, Dogecoin’s current support level at around the $0.09 to $0.10 area is a possible entry point for a long position.
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