BNB/USD - Binance pumps $1 billion into BSC chain. Moon next! 🚀

Binance has initiated a $1 billion growth fund for Binance Smart Chain, in aid of accelerating the adoption of digital assets and blockchain technology.

Are you hyped?

This is a HUGE bullish news for Binance Coin. Basically the Binance Smart Chain is what took BNB from $10 to $690. With an extra billion investment into the coin, Binance seems serious to make a big dent into ETH ecosystem.

How far can BNB go? Anywhere between $1,000 and $1,500 is a good target. Adoption leads to price increase and in this case it is very clear, the largest crypto exchange will pump BNB as much as possible.

On this news BNB jumped to $460 and now price is brushing off a key resistance as shown in the chart. Normally we can expect a rejection here before a serious attempt to break out.

As soon as we break out, the race for a new ATH will start and with a billion in its pocket BNB can go up very fast...

The indicators and the timing of this announcement look primed for future gains. Bias is very bullish on this coin.

Never a bad idea to hold some BNB, particularly if you use Binance.

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