Bitcoin Forum

Everything is red across the board but Binance Coin seems to  have a mind of it's own.

Any idea what caused this surge?

https://i.imgur.com/ZZxjM17.png

The trend is started probably on 5 feb, so its probably because of this https://twitter.com/ErikVoorhees/status/1092447324998111232. But idk just guessing.
Its normal for some coins have green when a lot coins on red. For example, you can go to https://coinmarketcap.com/gainers-losers/ and you will see some coins that got green when a lot coins got red.

Man if you keep seeing things in crypto from this perspective of " what's going on with this or that coin ", then you better forgot about crypto lol.

BNB or any other kin of crypto is till controlled by supply & demand & this i like 1000% away from fundamentals or having some "major news ", YES crypto can move just like that without any LOGIC reason, even shit coins can o that sometime & in the worst blood bath too.

BNB movin 14% in the green won't make it " SPECIAL " or there must be something " GREAT " going on with BNN, it's just crypto man, manipulated like crap till things gets more clear.

Don't get in FOMO. Currently the overall market state is very bad so BNB could drop at any time after that pump. I think this surge happened because of news about binance DEX and binance jersey release.

The exchange is now accepting credit cards which means more funds put in the exchange, more transactions, more fees using BNB...

BNB coin reflects binance exchange grown and constant development. They are always adding new features:more stable coins, credit card, Fiat deposits, etc...

They are doing a very good job and it reflects in token price, as the token is used to pay fees inside the growing exchange.

Welcome to the crypto! You will quickly find that every pump or dump does not necessarily correlate with good or bad news ;). Whales are just playing with us.

Binance may fall real hard after the recent pump. Crypto market is quite risky now cause no one knows what will come next. Binance launched new trading platform that allows user to exchange from crypto to fiat , in Jersey. Binance Dex also attracts loads of crypto lovers. It has taken economic model based on increasing demand and reducing the supply. BNB is the true token to HOLD.

I actually saw the uptrend on BNB today even when the market is red relatively. I think it's associated with the developmental plans from Binance labs, gearing towards their own blockchain coupled with the quarterly burn of BNB. If Binance develops their own blockchain (Binance Chain) , it will be a plus for BNB.

it's as simple as this.

Shit unknown coin. Low amount of supply. very cheap. A whale buys the coins. As much as possible. The coins are not available on the market. According to offer & demand, the price pumps. Then , after a "bait" for others to fall in the bulltrap, the whale sells.

He pumped his own coins by buying a lot of them. End of manipulation.

Binance coin is not really a crypto currency. It is like owning a share in the Binance company. If you follow how Binance coin behaves, you can see that it acts much more stable  in times when BTC goes down. I am not surprised at all that it goes the other way from all the other altcoins. People use Binance coin like USDT or USD or any other stable coin to preserve the value of their altcoins when trading.

It happened for some "pump & dump" actions. Do not join this coin right one, you can hurt yourself.
I like Binance, but I won't ever support their coin.

Fees are pretty high for credit card transactions.

Not only these factors but remember binance launch pad that used binance token as the main crypto to funding the project and that gives a significant pump to the binance token if there was an ICO that launch on binance launch pad that raised some millionds dollars.

bnb ist not some unknown shitcoin  :D

pump and dump usually works better with low volume coins and not with >100M daily volume  ;)

You should maybe start DYOR on binance. cz is BUIDL'ing all day  8)

Also happens that in Bittorent tokent too,  BNB is a exchange token and controlled by the largest crypto exchanges in the world what we expect it will be pumped in short period of time.
Also check out this too https://bitcoinexchangeguide.com/ex-tron-employee-says-justin-sun-and-changpeng-zhao-pumped-trx-and-bnb-during-btt-ico/amp/

Sometimes the situation is unexpected. However, Binance coin still has good prospects in the future.
With the support of a very strong platform, it is very likely that binance coins can have stable prices and even continue to increase in the future.
Hold is a good choice and we must be patient in facing situations that sometimes do not support.

Just checked it. It already trading at about 8 dollars. Wonder what caused this?
 BNB is not so called sitcom. It is a cryptocurrency with fair use case. I believe the coin will also be used on their decentralized exchanges. It is worth buying at a low price.

Binance became popular and good for investment, coins that became popular and had unexpected progress. Binance became a place of exchange that began to innovate and become famous, so many crypto communities began to believe it and a platform that would develop slowly but surely.

the only use case of it is on their platform as some sort of reward system, so i wouldn't call it a "use case" exactly. unless i am missing something. even if it is used on their decentralized exchange as long as you can't use it elsewhere and withdraw,... it is not useful

as for the price, like any other altcoin BNB also gets pumped and dumped. so its rise isn't really surprising.

There are several reasons, why BNB is going well:
1. Binance will start their own BNB blockchain very soon.
2. Binance launchpad will launch a new ICO every month.
3. After success BTT ICO many who want to participate in Fetch ICO.
And CZ with his Binance maybe only one person, who make at least something on this falling market. It deserves respect.

Binance is able to provide good and fast service so that it can expand quickly, investor confidence is quite good and continues to increase.
Looking at the stock market is good support to continue to grow.

Binance Top Crypto Exchange
Binance Chain
Binance DEX
Binance Launchpad
Quartely Tokens Burning
Deflation supply

Network impact will be huge on Binance Chain, BNB value will increase as more transactions takes place on platform

and Many top erc20 tokens will move to Binance Chain (Confirmed by Binance CEO)

1 second Block time, 1 Confirmation, that's Instant transactions.

To Create a token on Binance dex, you need $100k, which will increase the demand for BNB

Every quarter average of 3.5 Million tokens get burned, which reduce supply.

More use cases for BNB coin, most merchants would like to accept BNB as a payment

Do you still need more reason to invest in BNB?

Yes, I think BNB coins are coins that have good potential, because this coin is a coin from the original Binance exchange market, so many investors invest in this coin, and of course the price goes up very much, because this coin is indeed good.

The volume of trading on the market has grown significantly in recent days, it seems people are buying promising tokens, this is my opinion.

Probably another good news that pushed the price of BNB to spike in the last couple of days.

And now there's a rumor on Bitcoin ETF approval, that's why the price of bitcoin and the rest of the crypto is up 7%-15%, so I'm sure BNB will still continue to rise and ride the wave of this positive sentiments right now.

And I agree that BNB is a promising coin because of the huge confidence of investors to this crypto exchanges.

It's not exempted.

Bitcoin increases, BNB and other altcoin increases. This is what's happening right now, majority of the altcoins are taking the benefit of bitcoin's increase. Demand for bitcoin increases and so for other altcoins including BNB.

Apart from the recent positive news in the market, you must know that Binance recently burned some of its coins and how conducts IEOs (Initial Exchange Offerings)  for top hyped projects like Bittorrent and FetchAI and participants can only buy with Btc or bnb and this has caused increase in bnb demand

I'm with you regarding your opinion on this matter.
I don't see any special happenings going on with BNB.
Pump and dump scheme has long been a strategy of so many coins.
The only good thing here is that BNB has use case within their system and they have real company backing them up.

since there is nothing special going on with this coin there is no reason for it to rise and because of that the rise is purely a pump. you can always find weird news to connect to the pump but the facts remain that it was a pump and as we can see now the pump didn't last that long either and the dumping part started already.

These are the information that has helped binance coin price increase in recent days. especially binance will launch a new ICO in late February after ICO succeeds BTT at the end of January. I am confident that the Binance price in 2019 can increase to 30 $

Binance is very successful in self-development. They're making a lot of leaps. This continues to increase the value of the coin although the amount of airdrop increases. it also looks like.

Its not surprise me at all since BNB Binance coin has a true utilization and already established product and services to offer. So anytime the demand from the new possible hodlers or investors are pouring in so it might be  the possible reason why the Binance Coin BNB was risen +14% overtime.

bnb price depends on too many major factors.
BNB will be having 3 Quartely burn this year
DEX will be major impact on token usage
and erc20 tokens will be transferred to BNB chain

They have BNB pair for some of the coins which may give this bump and BNB is backed by binance, it's normal to have 14% green at a bear market too. After all, it depends on the usage.

Perhaps BNB raised the price because the new announcement from the Binance team was a new Launchpad project. Recently, the Binance team has launched many ICOs right on their platform, previously BitTorrent, it has achieved much success as the price has continuously increased since being listed on exchange. And the investment community thinks perhaps the Fetch.Ai project has achieved the same thing

Binance reached top 10, unbelievable! For me BNB is a top coin and I am totally sure in its potential! Let's wait for another ICO fetch ai on their platform and then analyze bnb

And why, actually, people are surprised, I absolutely do not see any opportunity to have real opportunities for this project to become one of the most advanced projects. I think that there is dependence directly on the quality of the exchange and its work.

Binance token is probably the only one exchange coin that I do not own.
There are only 2 pros of this coin:
1. token burning.
2. lower fees.

But they are not distributing the collected fees to token holders like Kucoin or COSS :(.

what makes you think bitcoin, tron, bitcoincash or litecoin to be in top10?
none of them having use cases

I am not surprised at that, because the usage of BNB is now being expanded. If a coin has a lot of areas it is servicing or being used, there is every likely hood it keeps growing, which is the case with BNB.

Because they need the fees to development and research. Not only from there but remember it has a launch pad system that makes BNB can be used to participate in any ico that listed on the binance launchpad dude.

For Binance coin to going up +14% while other coins are red is a quite not usually.
Maybe there are many peoples who wants to trading in the binance soon ?
I wonder if it is the sign of bull run in the exchange market or something will happening.

BNB is the closest thing to Binance stock as well.

Once Binance transfer from Company to Community, it will be huge..
and I think Better than Bitcoin..

Binance coin benefits from high volume. When bitcoin is in a bull run, or when it crashes very fast, there are Volume spikes. Many people use a lot of BNB to save on exchange fees.

Binance is awesome, and bnb even more so.

Basically, they created a token that has a specific need and utility, has a high demand, and is set up to increase demand.
Its exactly how a token should be.

For utility, it has 2 very useful purposes: to make trading fees cheaper and to invest in an ieo.
for demand and increasing demand, they have been regularly burning a chunk of the bnb so the supply gets less.

Their model is so successful that basically every exchange is trying to copy.
They almost all have a native exchange token that can be used to reduce fees or invest.
The thing about binance is that it is the largest exchange by far and so the value of bnb steadily rises.

I not have nothing against create a token for an exchange, i wish in time also Binance to create more security measures as they said and also to make some advertising of what people who use Binance exchange should do to be safe.

And most people want to participate in the ieo , you can earn a lot of money , I think some of the funds still need to keep in the bnb , and try to participate in the ieo suddenly you're lucky in the lottery and you can make good money

The Binance chain and Binance DEX is giving people hopes that BNB is the next big thing. My greatest surprise is amidst the period of hack, the coin is still surging today. Also, some projects are moving to Binance chain, and it's a plus for them. Well, any other good coin can experience a pump, so it's not something strange.

If we look at Binance's market development scheme actually increases when the top 10 coins experience a decline which means that Binance has taken over small-scale quality trade to become large.
Binance has attracted a lot of investor attention in the past few weeks and many hope that in the future it will be better, currently not in the top 10 and I think that will happen if Bianance continues to show his potential.