The 100% Gain: A Closer Look at BNB's Performance Over the Last Year

Hello Hive Fam!

Hope you are doing well and having a great time wherever you are in the world.

The chart I am sharing below is for the BNB coin, and it is a coin issued by a leading exchange called Binance. The last few months have been good for this coin because you can see the price on the uptrend side, and currently it is trading above 1000 US dollars, which is a good price point. I did some fundamental research on this coin this year, and since then, I've been tracking this coin closely to see how it performs, and it is really doing great in the market. I have tracked this chart for one year, during which the price has increased by $500, representing almost a 100% increase over the year. And I believe that this is good.

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People who invest in cryptocurrency can become rich overnight. This might not look like a great value appreciation, but for me, it is because I have seen the time when the 10 to 15% APR is considered very good, so for me, this is like double the money in a year, which is not possible in the traditional market or the stock market. Some meme coins offer returns like 5X or 10X, but most of the coins that are stable in the market do not offer that kind of growth because this kind of growth is not normal, but it happens in the crypto market.

While I was searching the prize history for this coin in last two to three years I saw that there was a time when this coin was available for about $200 and people who invested at this point have grown their investment by 4X. before the year 2020 it was available for a very low value and at some point of time it was also priced at $10 so imagine the kind of growth it has given to the investors who invested on the coin for a very long term goal and they must be very happy because they made a hell amount of money through this exchange coin.

$1000 is a good price point for a coin that has started for just $10 approximately. So I believe this is a good investment, and even for those who invested in the coin, the price was around a hundred to 300 US dollars. Now, from this, it is hard to say how it will grow, but it looks like it is going to cross 1100 US dollars soon, looking at its overall price movement in the market.

I invested some amount in this coin, but it is a very small amount, and I don't even own one BNB, to be honest, but whatever it is, at least I'm happy that my investment is showing some growth. So any profitable investment makes me happy, and it does not matter what amount I invested. I just wish I could have landed in crypto market much earlier So I hope I would have done some investment on this coin and today that would have also grown nicely but that's OK because at least I'm now part of the market when a lot of people are still out of it and they say the similar lines when they join the market and see the overall potential and the growth of the investment.

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I'll be waiting for some more time on the profit booking for my investment in BNB because it looks good from here, and I expect an increase in the price. It is not financial advice from the end because what I'm going to do is my own decision, so if you are planning to invest at this point, please do your own research and do not follow anything that I have mentioned in this blog related to financial elements. Thank you!

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