To make this decision, let's first base on the basic parameters and make some judgments
Currently, Binance USD (BUSD) is ranked 7th based on total market capitalization of 16,280,646,948.00 USD.
Binance USD (BUSD) is a coin with a lot of potential for growth. And just if you believe this coin to be in the top 10, long-term investment is a very good decision.
If you take the market capitalization of this coin at 16,280,646,948.00 $US compared to the current top 1 coin Bitcoin (BTC ) with a market capitalization of $451,414,605,948.51, the growth potential of the Binance USD coin is still possible. increased by 27.7 times`
Over the past 30 days, the Binance USD coin has gone down a lot in price, about 0.01 %, but if you want to catch the bottom and invest in waves, you also need to be very careful.
In case if you find that the development team still has good and sustainable long-term development strategies, and the price is only falling due to temporary bad news, you should invest in the price averaging strategy (DCA). Investing in the price-average method means you will buy Binance USD (BUSD) coins
According to data updated on 05/02/2023, the Market Cap of Binance USD (BUSD) is US $ 16,280,646,948.00
Market Cap = Current Price x Circulating Supply
Is the total market value of the circulating supply of cryptocurrencies. It is similar to the stock market measurement of multiplying the price per share by the stock available in the market (not held and locked by insiders, government)
According to the updated data on April 05, 02, the 2023-hour Trading Volume of Binance USD (BUSD) is US $ 7,104,685,120.27 . This trading volume accounts for 0.44% total market capitalization.
A measure of cryptocurrency trading volume across all platforms tracked over the past 24 hours. This is tracked on a rotating 24-hour basis with no opening/closing times.
However, please note that there will be a few platforms, which we do not track, but most of this number is very small compared to the trading volume of centralized exchanges like Binance and decentralized. like PancakeSwap
In the long-term, the price of Binance USD has reached 0.04401541 % and is located in the price area of 1.00051471 US$.
The short term (here we look at weekly prices for a more stable view than intraday) was at 0.04371248
If you are a HOLDER (i.e. players who make profits based on the length of time) then you should focus on the 90 day long term trend. However, if the investment case is the platform coins alone, then you need to observe with a time length that can be longer than 6 months or sometimes 1 year.
If this coin has many large investors who are funds, you should monitor the movements of investment funds to be able to make the right comments in the future.
In the long term future, the cryptocurrency market will develop very strongly, however in the short term there will be price hikes by market makers. So learn carefully the information so that you can calm down before the ups and downs of the market.
These are just extremely basic analysis of the Binance USD (BUSD), you should not rely solely on this information to make buying or selling decisions.
We advise you to be wise and prudent investors.