Binance Coin USD (BNB-USD) has been surrounded by scrutiny and skepticism in the past year. After the notable market meltdown in 2022, multiple shocks led to the sudden collapse of digital asset foundations, such as the FTX (FTT-USD) fallout.
Unsurprisingly, BNB-USD did not avert the pessimistic view of investors and analysts. Additionally, its recent controversy has eroded its value to many mainstream investors. Despite the founder’s assurance, we have seen it in the outflows in 2022.
Nonetheless, its trading price is not moving sideways after gradual rebounds and sharp drops. We can attribute it to its sensitivity to external factors, such as the US macroeconomic indicators.
Despite its high volatility, BNB has shown predictability at some levels. Most importantly, its Bitcoin (BTC-USD) balance remains relatively stable than all its peers. With that, I don’t see Binance as another FTX in the making.
As of today, we have to weigh the potential opportunities and risks that lie ahea

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