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Binance Coin: Safe Haven Call

A READ on Why Binance Coin is one of the best Coins in the Cryptocurrency Market and a call on it. 

 A report released by Yale Economist Ysykvinski in the NBER or National Bureau of Economic Research found that the Sharpe ratio or an indication of the average return minus the risk-free return using standard deviation is higher in Crypto than traditional stocks. 

Nouvive using their partners, CACM Global and Aeries Ratings decide to look at the price volatility and risk within the cryptocurrency industry. 

One interesting finding we made was the BETA, or a measure of the volatility of a cryptocurrency compared to the market as a whole. 

Using the Aeries50, various coins that we have found will be in Cryptocurrency over 5 years, we have found that the BETA of Binance coin is lower than Bitcoin at 0.78. 

This means that BNB is one of the most stable coins, excluding Tether and XHV. 

Despite the downward Market, BNB has performed up to around 15% year to date. 

Why buy here

BNB on the higher time frames has shown an ability to bounce back. 

In February, we saw the lowest over the past year, despite in late July, we went far lower than the February Low. This illustrates the ability of Binance coin to bounce back. 

According to the trend line below, just above $9 is the lowest of the past 6 months, on the time frame below, there are Higher lows present. 

Nouvive recommends the best buy at $10.02, with a short-term take profit at $12.50. 

However, as the fundamental data shows, BNB is a coin for the future

Nouvive recommends a buy around $10.02 with the first stop loss at $9.20, increasing stop losses in profit. 

Nouvive recommends taking profit at $12.73.

Nouvive: Home of Crypto Beginners, Traders & Investors. Nouvive provides Cryptocurrency trading news, Analysis and indicators for beginners, traders and investors.

Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.

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