Can BinaryX (BNX) reach $100?

Subhash Chandra
May 15, 2024

Can BinaryX (BNX) reach $100 again? Analysis

To reach $100, BNX will need to rise 92x. At $100, the target market cap will be approximately $36.65 billion. If BNX were to rise at the pace of 25%, it will take approximately 21 years to reach $100.

Quality of Investment– Moderate
Time and Growth required to reach $100– Not Feasible
Market Cap at $100– Not Feasible

Considering the Quality of Investment, growth required and time required, BNX has no chance of reaching $100. Looking at the above data, BinaryX can reach $100 only if 50-75% of the Tokens are Burnt. Even if BNX were to perform well, without Burn, it is unlikely to reach $100.

Note: Please consult a registered investment advisor to guide you on your financial decisions.