According to Binance, $BNB can be used to “pay for goods and services, settle transaction fees on Binance Smart Chain, participate in exclusive token sales and more.”
According to a report by The Daily Hodl, Van de Poppe, who is the Founder and CEO of Amsterdam-based consultancy and educational platform Eight BV, talked about $BNB during a a video (“Top 3 Altcoins for December”) update released on 1 December 2022:
“I think that once Binance [Coin] is going to crack through the level at $325, it’s going to give another push towards the highs. And then we’re going to have a runner to watch... $380, and potentially even the highs around $450.”
According to data by TradingView, currently (as of 11:33 a.m. UTC on 2 December 2022), $BNB is trading around $291.80.
His other two altcoin picks for December 2022 were $MATIC and $LINK:
“Once we are breaking these highs [around $0.93], it’s going to accelerate towards this region [$0.95] and then you can start looking at a serious runner of approximately 35% of MATIC...
“Once it starts to hold here, it’s a reasonable thought that we’re going to look at $8.50 to $9.50 as the next resistance zones... And that we can start seeing the continuation towards the breakout above this range high [about $9.30] and then we are looking at $15 potentially.“