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CEA INDUSTRIES INC
NASDAQ SYMBOL: BNC
Last Price: 22.61 | Website | Latest News
Traders - Today we'd like to turn your attention really quickly to a potentially EXPLOSIVE evolving situation!
For that, we're heading back to the NASDAQ with a company staking it's claim in the RED HOT CRYPTO space!
WE ARE ISSUING AN IMMEDIATE ALERT ON BNC!
So what's the deal with BNC (CEA Industries Inc)?
Formerly trading under the symbol VAPE, BNB Network Company, the treasury arm of CEA Industries, announced the purchase 200,000 BNB tokens in a $160 million bet, making it the largest corporate holder of BNB.
SO WHAT IS BNB?
Binance Coin (BNB) is the cryptocurrency that powers the Binance ecosystem, created by the world's largest cryptocurrency exchange, Binance, which many of you likely are aware of.
BNB is the fourth-largest cryptocurrency by market value and the Binance has over 280 MILLION users!
Initially launched in 2017 as a utility token for discounted trading fees, BNB now serves as the native token for the BNB Chain and is used for paying transaction fees, participating in DeFi activities, making payments for goods and services, and participating in token launches.
BNC's move is part of the company’s new treasury strategy that will center exclusively on BNB. The company plans to continue acquiring BNB until its treasury funds are fully deployed. If warrants tied to the fundraising are exercised, BNC could have as much as $1.25 billion to invest in the token.
By creating a U.S.-listed BNB treasury vehicle, BNC and its partners are offering traditional investors a new way to tap into Binance’s growing crypto infrastructure.
So what does the Street think about BNC's big move?
Before this news came out, BNC was trading around the $8-9 range.
Once it hit the wires, BNC surged to highs of 82.88 - that's an 833% MOVE IN ONE DAY!
Now that it's settled, BNC's chart has developed into a Triangle Breakout Pattern nearing it's apex!
Could a move back to recent highs be IMMINENT?
A return to highs of 82.88 from here gives BNC up to 266% UPSIDE POTENTIAL!
And analysts are lining up behind BNC....
Barchart currently gives it an 88% BUY!
SeekingAlpha notes that Analysts currently rate BNC a "STRONG BUY"!
THE BOTTOM LINE
It appears that BNC's acquisition has reverberated between TWO major financial markets - Crypto AND the Stock Market!
BNB coin has been surging since BNC's acquisition and BNC itself has seen over 833% GAINS at it's high!
And this could just be getting started...
With a Triangle Breakout chart nearing it's apex, could BNC rally back over 266% to past highs and beyond?
Make sure you put it on your screen RIGHT NOW and
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