A popular crypto analyst and trader, known as Loma, is expressing optimism about the native asset of a layer-1 blockchain. Loma, who has a significant following on the social media platform X, believes that BNB, the native asset of the BNB Chain, is showing strength from both a technical and fundamental perspective.

According to Loma, BNB has the potential to be a surprise contender among major cryptocurrencies. He highlights its positive structural outlook in both USD and BTC pairings. Loma also notes that the negative funding associated with BNB, which is typically hedged against spot holdings for fee reductions by larger investors, is a positive factor. Additionally, he mentions that BNB is not currently facing any persecution from the SEC (U.S. Securities and Exchange Commission) in the short to mid-term. Loma concludes by expressing his confidence in BNB by saying, “I have a bag,” indicating that he holds the asset in his portfolio.

However, Loma acknowledges that BNB’s upside potential may be limited compared to more speculative digital assets due to its larger market cap. He clarifies that different portfolio sizes warrant different asset selections and expectations, implying that BNB may be a more suitable choice for certain investors.

Another pseudonymous crypto analyst, Kaleo, shares Loma’s optimism and believes that BNB is poised for a breakout. Kaleo’s analysis of BNB’s daily chart suggests that the asset is forming a bullish triangle pattern, indicating a potential rally to the $1,000 level by May.

As of the time of writing, BNB is trading at $541.51, experiencing a decline of nearly 4% in the past 24 hours.

Please note that the opinions expressed in this article are not investment advice, and investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. The Daily Hodl, where this article was sourced from, does not endorse the buying or selling of any cryptocurrencies or digital assets, and it is important for individuals to be aware of the risks associated with transfers and trades in these markets.