youtuber and cryptocurrency analyst Nicholas Merten said that BNB, the native token of the world’s largest cryptocurrency exchange Binance, is on the verge of a collapse and has warned investors.
Nicholas Merten comments on the cryptocurrency market and global markets in a recent YouTube content warn investors for BNB found. Talking about the leading name of the past bull cycle, BNB, the analyst said, BNB, which is in better shape compared to other altcoins, is on the verge of a collapse nonetheless.He said it was e.
The stagnant price activity on cryptocurrencies has recently FUD news surrounding Binance Merten, who associates BNB withready to fall off the cliff“He said he looked.
Take a look at monthly or weekly data from BNB, one of the strongest players throughout 2021 and 2022. It looks decent. It looks like it’s ready to fall off a cliff here.
Merten, who thinks negatively about the price, also expressed that he is not worried about the reliability of Binance as an exchange. Adding to his statements that the bad news circulating around is meaningless and exaggerated, the analyst stated that Binance is as reliable as Coinbase.
I think Binance is on par with Coinbase in many ways. Almost like Coinbase, Kraken-level exchanges, it fits into the category of really good exchanges that you can always trust with a high degree of trust.
On the other hand, Merten has a strong interest in traditional stock markets. the rate of decline warned that it is putting pressure on cryptocurrencies. happened in 2008 to the financial crisis Stating that a similar scenario may occur, the analyst is in correlation with cryptocurrencies. S&P 500He added that he was also ready for a big fall.