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During this downturn, a couple of cryptos have simply outperformed the pack. I discuss the overachievers, do you already know which ones I'm talking about?
Are they bargains that the market is deeming undervalued? Let's look under the hood.
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My Favorite Exchanges are:
Binance- https://www.binance.com/?ref=10117792
KuCoin- https://www.kucoin.com/#/?r=1tcM7
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With BNB at it’s level I would be really careful about investing in it. When I look at the volume of crypto, it’s getting lower and lower. I’m certain, it will eventually change, but as of now and because of that most exchanges are not making as much as they made in the first and second quoter including Binance. However, when you mentioned P/E valuations (in stock market average is about 16-18, and look at FB, Tesla or Amazon, and you would be shocked) it’s still completely undervalued. I guess time will tell. I wonder what will they eventually do with all this profit? Will they invest back and purchase BNB? When it comes to Decret, I think it’s a good sign for overall crypto. There are many buying opportunities at these prices. I think it will eventually spread all over the crypto market and new bull market will begin.