Is BNB Still a Good Buy? Investors Eying These Popular New Altcoins

A cloud of uncertainty hangs over Binance, its native currency, BNB, and the broader BNB Chain ecosystem. It all has to do with the recent pronouncement from the United States Department of Justice (DOJ) that it will settle with the world’s largest exchange once it pays a $4.3 billion penalty.

This fine follows charges pressed by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) that the exchange knowingly violated several federal securities laws and was laundering money.

Amid this, investors are diversifying away from BNB, a token that is key to Binance and the BNB Chain ecosystem, and looking at low-cap tokens across the board. Some of these altcoins, such as BorroeFinance (ROE) and InQubeta (QUBE), are currently conducting their presale, and their native tokens are available at a discount.

Still, the lingering question remains: Is BNB, amid the Binance controversy, still a good buy, and can QUBE or ROE, or both, fill the gap for investors diversifying their portfolios?

Binance and BNB: Impact on Price Action

The DOJ expects Binance to pay $4.3 billion over the next year or so in a deal that also saw Changpeng Zhao, the exchange’s eccentric founder, stepping down from his role.

The former Abu Dhabi global market chief executive Richard Teng has since replaced him. While there were concerns about what this change meant for Binance, Teng reassured the community that despite the expected fear about the exchange, their fundamentals remain solid and debt-free and are further buoyed by “robust revenues and profits.”

This bullish outlook, however, is not visible if BNB’s recent prices are anything to go by. A look at the price action in the daily chart shows that prices have remained stable on the last trading day, but are down 13% from November highs. The immediate resistance level is around $270, but on the lower end, $200 is crucial.

As such, some analysts are not throwing caution to the wind and exploring alternatives to bolster their bases.

InQubeta and BorroeFinance In Focus

InQubeta is a platform aiming to be part of the artificial intelligence (AI) wave. It is building a portal through which ambitious crypto startups using AI can quickly raise funds from the community. Projects vetted and approved by InQubeta’s team of experts can mint opportunities as non-fungible tokens (NFTs), which will be listed in the NFT marketplace and offered to investors at a discount.

At the center of this is QUBE, an ERC-20 token that is also deflationary and can be staked. In the present presale stage, InQubeta has raised over $5.25 million, with each QUBE trading for 0.0161 USDT.

Meanwhile, BorroeFinance is also looking at enhancing the liquidity of web businesses. The platform uses AI to release a marketplace where web3 creators, businesses, and participants can generate cash flow by selling their future earnings from invoices and subscriptions to willing buyers at a discount.

These invoices or revenue-generating opportunities are minted as NFTs, where AI is used to assess risks. As of late November, BorroeFinance had raised over $1.2 million in their presale. Each ROE, the native token on Polygon, is available for $0.015. It can be purchased using, among other coins, Ethereum (ETH) and Bitcoin (BTC).

Investors may find opportunities in ROE and QUBE, but their selection depends on priorities. QUBE powers an ecosystem looking to ride the AI wave, while ROE is a token that may unlock opportunities for the thousands of Web3 businesses across the board.

Conclusion

Binance’s woes have seriously impacted BNB’s liquidity, but the coin remains among the top three by market cap. Its upsides might be limited until Binance crosses the chasm. In the meantime, concerned investors can explore opportunities in InQubeta and BorroeFinance. These projects are targeted, similar to how Binance is designed, and could, over the years, grow their market share as they build, delivering on their respective roadmaps.

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