April 2022

Stock I'm watching this month:-

BNB - Binance Coin

Sector: Crypto
Market Cap:  64 Bil 
Price/Earnings: N/A
Price/Book: N/A
Return On Equity: N/A
Return On Assets: N/A
Debt/Equity: N/A

Reasons to watch: Binance coin is the crypto currency used in the Binance system. The main use case among others is to pay for trading fees and also buying NFTS in the Binance exchange. It is not ownership in the Binance company but it is a bet on the performance and future of Binance. As the Binance business grow (and it is growing), we can expect mor benefits to accrue to the Binance coin. BNB has a deflationary token mechanics and should increase the scarcity of the coin.

Risk: BNB coin is not equity in the company and even if the Binance company does well, it does not necessarily mean that value will accrue to the holders of the coin. Binance is also from time to time subject to regulatory FUD.  

Sentiment: Buy
Disclosure: Held
Current Price: $394 USD
My Strike Price: $390 USD  


Disclaimer: This does not constitute any financial advice or stock recommendations. As always, Do Your Own Research.

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