My technical target reached for the moment: which lies between 110 US-Dollar and 135 USD; Since we are still in an early inning (my best guess), many new outcomes seem possible. I will recheck the exact profit numbers of Binance within the next weeks...
...in order to find out, how I could possibly enlarge my current positions -when suitable- but some info on that topic upfront:
To give you some fundamental Info from the start of December 2020: Binance said, they expect to have profits of USD 800m to US-Dollar 1 billion in the year 2020, up from about USD 570 million in the year before, Bloomberg reported, citing Changpeng "CZ" Zhao, CEO of the major crypto exchange.
He has been named as one of the Bloomberg 50 – a list of 50 people "in business, entertainment, finance, politics, and science and technology whose accomplishments merit recognition." The crypto exchange chief was named along with heavy-hitting figures from the world of politics, business and culture including the American President Joe Biden, Oscar-winning director Bong Joon-ho, Morgan Stanley’s CEO James Gorman and record producer Timbaland.
Info about the current market cap @ ca. 142 US-Dollar per Binance coin (BNB)
The total market value of a cryptocurrency's circulating supply. It is analogous to the free-float capitalisation in the stock market.
Market Cap = Current Price x Circulating Supply.
Current Market Cap @ 142 US-Dollar= ca. 21.5 Billion US-Dollar
Disclaimer/Disclosure: Ralph Gollner hereby discloses that he directly owns also other digital assets/currencies like Binance coin (BNB), Bitcoin (BTC), Ethereum (ETH) and other as per 10th Feb. 2021.
Disclaimer/Hinweis nach §34 WPHG zur Begründung möglicher Interessenkonflikte:
Binance coin (BNB), Bitcoin (BTC), Ethereum (ETH), und andere, sowie Zertifikate auf den Bitcoin und Ethereum befinden sich aktuell im "Echt-Depot" von Mag. Ralph Gollner - per 10. Februar 2021
My elder postings about Binance (year 2018):