MEME to BNB: Is It Time to Exchange?

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With another prospective bull run right around the corner, investors are looking to solidify their portfolio with sure values. The meme season helped investors go through a gruesome bear market and allowed them to make profits. When the blue-chip tokens like BNB were underperforming, MEME holders were making bank. 

However, as the bull run is approaching, investors are looking for more fundamentally sound cryptocurrencies. This means that it might be a good time to start exchanging MEME to BNB. Before you make a decision, this article will provide some fundamental and technical analysis of both cryptocurrencies. 

MEME Overview

Meme coins have become an industry on their own in the past couple of years. While Dogecoin started the craze, it was Shiba Inu that solidified the narrative in the markets. 

The successes of SHIB, FLOKI, PEPE, and more recently MEME, have provided investors with a new prospect. More importantly, meme coins have allowed investors to offset the need for leverage, with substantial upside opportunities. Although highly volatile, meme coins can allow their holders to make 1000x profits at the risk of losing it all when the token goes to 0. 

Memecoin (MEME) is a fairly recent cryptocurrency that wants to trump all other meme coins. With an enticing website and interesting tokenomics, the MEME token underwent a successful sale in October 2023. 

A major update came with the listing on Binance, which ensures holders and potential traders with high liquidity in the future. However, Binance listings can cause a harsh dip in price in the first couple of months. This is mainly due to private sale token holders selling their assets once they get access to an offramp. 

MEME Price Prediction

MEME is currently trading on exchanges at $0.0278. Digitalcoinprice.com considers this and provides a bullish forecast of a maximum price of $0.06 for 2023. 

For the next year, the website predicts a target of $0.0715. And in the long term, we should expect the price to reach $0.13 by 2026. 

This is a much better prediction than the overly bearish Safemoon forecast. 

BNB Overview

BNB coin is one of the top cryptocurrencies in the industry, holding the #4 spot by market capitalization. The BNB token is omnipresent in the growing Binance ecosystem with various use cases within the exchange, blockchain, and launchpad. 

Initially, Binance launched BNB on Ethereum for a hugely successful ICO in 2017. Shortly thereafter, the BNB token migrated to its custom blockchain, with a new token standard — BEP20. 

Currently, Binance users can use BNB to get rebates on the trading fees on the exchange. Moreover, the token acts as the gas token of the Binance Smart Chain. As one of the most popular smart contract platforms in the world, this adds continuous demand for BNB on the market. 

Finally, note that BNB holders can participate in Binance launchpad campaigns. During these events, investors can buy upcoming cryptocurrencies to support the projects in the early days. 

BNB Price Forecast

BNB coin is currently trading at $228. The crypto has been struggling a bit lately due to regulatory pressure from the SEC. That said, analysts believe that thanks to its high adoption, BNB has a lot of upside opportunities in the coming months and years. 

Priceprediction.net forecasts a price of $408 for 2024, almost allowing investors to double their capital. For 2026, the website aims for $914, largely surpassing BNB’s all-time high. 

Advantages of Swapping to BNB

Although MEME can be a great short-term play, you need to understand that these types of cryptocurrencies are highly volatile. Considering the token underwent a private sale, there could be a lot of selling pressure from these early holders. 

Conversely, BNB is a blue-chip token and has an established investor base. If you are looking for a more stable and safer investment, BNB is a better choice. 

Are You Ready for an Exchange?

Hopefully, this analysis has helped you understand why swap MEME to BNB at the current price levels. Memecoin presents a high amount of risks, whereas BNB is the safer bet going into a prospective bull market.