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The general perception is that the last year was rather tumultuous for most cryptocurrencies. Bitcoin (BTC) alone is down more than 81%. Exactly one year ago, Bitcoin (BTC) was trading around $ 16,500. Currently, it is trading around $ 3,200. This indicates that on an annual basis, it is down 81%. However, not all cryptocurrencies have declined on an annual basis.
This cryptocurrency is still growing by 60% on an annual basis:
You might be surprised to hear, but there are some cryptocurrencies that have actually increased year by year. One of these cryptocurrencies is the Binance currency (BNB). Last year around this time, it was trading around $ 2.9. Currently, it trades around $ 4.66. This clearly indicates that he managed to do it by 60%. Despite today's fall of 4%, it is still performing a return of 60% which is quite respectable considering that most of the other cryptocurrencies have lost between 70% and 80% of their value.
This may be partly attributed to the fact that Binance's currency (BNB) reflects the fate of Binance's cryptocurrency exchange. Recently, Binance's cryptocurrency exchange presented a demo of its decentralized cryptocurrency platform. This will set it aside from other cryptocurrency exchanges. As a result, it will be able to stand out from the crowd. This will further increase the potential of the Binance currency (BNB). Sure enough, in the middle, the Binance coin (BNB) has gone everywhere, but has been able to safeguard some of the gains that have been made in the last year.
When even the mainstream cryptocurrencies give negative returns on an annual basis, this outperformance of the Binance currency (BNB) has gone unnoticed by many investors. It is not that there are no opportunities in the cryptocurrency universe. The coins that support the fundamental solids are still producing positive results. Sure enough, there are only a handful of them but there are still a few coins that give positive returns.
Needless to say, the coins with the strongest fundamentals will bounce much more clearly. Therefore, in the case of recovery, even coins like Binance coin (BNB) will increase rapidly. This will certainly increase the quantum of returns they provide on an annual basis. Therefore, you should definitely consider it a long-term investment.
