BNB is holding above its one-hour support line. Even if it falls, it’s unlikely to drop below 673.
That’s why I’m fairly optimistic about its medium- to long-term outlook.
If you’re bullish on BNB, in addition to holding it directly, you can also earn extra returns by buying BNC.
BNC is a U.S. stock backed by CZ, who even rang the opening bell at Nasdaq the day before yesterday.
Its core business is simply buying and holding BNB. You can think of it as the MicroStrategy of BNB.
So holding BNC is like indirectly holding BNB. Its upside potential may be greater than buying BNB directly, for the following reasons:
(1) The company currently holds 515,000 BNB, worth approximately $385 million at the current price.
This corresponds to an asset value of about $7.26 per BNC share, while BNC is currently trading at just $5.71.
In other words, even if the price of BNB doesn't rise from here, the stock itself still has room to appreciate.
(2) The new CEO has clearly stated that the company will continue accumulating BNB through node rewards or other means, and will increase the amount of BNB backing each share.
That means holding BNC not only lets you benefit when BNB rises, but could also provide an additional boost as the amount of BNB per share increases.
You can currently buy BNC by searching for it on Binance.
Based on the candlestick chart, BNC is currently trying to break through the one-hour resistance level. You could start with a small position, then build it in batches around 5.1–5.8.
Keep in mind that BNC's price movement is highly dependent on BNB.
If BNB sees a significant pullback, BNC's share price will usually fall in tandem. Combined with the company's operating and management costs, its drawdowns are often greater than those of BNB itself.#BNC 
