What's going on [BNB] Binance Coin. +14% up

[Qcrypto]

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

Any idea what caused this surge?

[1714980009]

1714980009

[cissrawk]

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.

[ansi]

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.

[Minor Miner]

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.

[kenzawak]

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

[bitmover]

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.

[whatthesith]

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

Any idea what caused this surge?

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.

[malekbaba]

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.

[deodivine1]

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.

[Piskeante]

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.

[Awesomus Maximus]

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.

[Pablito89]

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.

[Qcrypto]

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

Fees are pretty high for credit card transactions.

[Lagduf]

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

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.

[aundroid]

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.

bnb ist not some unknown shitcoin 

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 

[bigatenz]

Any idea what caused this surge?

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/

[BlackPanda]

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.

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.

[Ucy]

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.

[suprex333]

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.

[Herbert2020]

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.

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.