Loma, who specializes in cryptocurrency markets and has a wide following, drew a positive outlook in his recent analysis, focusing on BNB (BNB), the native asset of the layer-1 network BNB Chain. Loma’s reviews offered important clues about the near-future performance of this popular crypto asset.
Loma first noted that BNB exhibits a strong structure in both USD and BTC trading pairs. stated. This demonstrates BNB’s ability to deliver strong performance across a variety of market conditions. However, Loma points out that BNB still maintains a strong stance despite the negative funding rate. This could help BNB maintain a more stable price performance and protect it from sudden fluctuations.
Regarding the future potential of BNB, Loma emphasizes that being exempt from SEC (US Securities and Exchange Commission) audit in the short and medium term could have a positive impact. This could increase BNB’s potential to attract more institutional and retail investors, further increasing the value of the asset. The analyst also announced that he has a BNB investment.
As a result, Loma’s analysis offers a perspective that highlights the future potential of BNB and reinforces many investors’ confidence in BNB. However, the analyst also noted that BNB’s upside potential is relatively smaller compared to speculative digital assets, given its larger market cap.
“Yes, it has large market value. Yes, it won’t give you the same 10,000x action that some meme coins provide. But different portfolio amounts equate to different asset selection(s) and expectation(s).”
On the other hand, Loma is not the only analyst who is bullish on the popular altcoin. Crypto analyst Kaleo also believes that BNB is preparing for an upside breakout.
“BNB still looks poised to break out of this range.”
Looking at the analyst’s chart, Kaleo suggests that BNB has formed a bullish triangle and could soon rise to the $1,000 level around May.
At the time of writing, the altcoin is trading at $548, down approximately 5.86% in the last 24 hours.
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