Is BNB undervalued? Binance's native coin remains strong despite the uncertain market

While the crypto market shows mixed signals, BNB, the native token of the Binance ecosystem, maintains a surprising stability. In a volatile environment

The crypto market is showing mixed signals these days, but one coin that continues to perform well and surprise traders is BNB. The native token of the Binance ecosystem has shown surprising resilience in a very volatile environment, catching the attention of traders and long-term investors.

But what is keeping BNB so relevant for so long?

* Real and constant utility: BNB has many uses, such as paying trading fees, allowing users to participate in launches on Binance Launchpad, paying fees on Binance Smart Chain (BSC), and more. Despite the bear market, the demand for BNB remains active.

* ​​The importance of the ecosystem: With thousands of dApps, DEXs, and Web3 projects on BSC, BNB is also used as a gas token, further increasing demand for the token.

* ​​The magic of burns: Binance also periodically removes a portion of the BNB supply, performing the so-called "burns." This reduces the supply of the token and generates potential long-term price pressure.

Recently, Binance completed its 26th BNB token burn, removing millions of dollars in BNB. It was also reported that BNB remains among the top 5 cryptocurrencies by market capitalization, even amid global regulatory pressure.

Some technical analysts have also pointed out that BNB is forming an "accumulation zone," which in the past has been a sign of very strong rallies.

Are you holding BNB? Or do you prefer other altcoins in this cycle?