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Author Topic: What's going on [BNB] Binance Coin. +14% up  (Read 263 times)
Herbert2020
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February 09, 2019, 06:57:04 AM
 #21

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.

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February 09, 2019, 08:54:38 AM
 #22

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.
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February 09, 2019, 09:11:05 AM
 #23

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.

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February 09, 2019, 09:44:48 AM
 #24

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?
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February 09, 2019, 09:49:48 AM
 #25

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.
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.

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February 09, 2019, 10:12:34 AM
 #26

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

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February 09, 2019, 10:25:18 AM
Merited by peter0425 (1)
 #27

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.

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February 09, 2019, 10:30:52 AM
 #28

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.




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February 09, 2019, 11:13:22 AM
 #29


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

Any idea what caused this surge?



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

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February 09, 2019, 12:07:44 PM
 #30

BNB have low fees in binance then they give this some free every refer and we know their trading is very trusted already in only for more than 1 year running here in crypto so i'm sure users try to risk in this or that's why BNB can really grow like this is became popular then this is not already grow like bitcoin that no one imagine it in december 2017 like the price grow 7x so it can happen too IN BNB after more years so better to buy now little by little

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February 09, 2019, 12:19:09 PM
 #31

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.

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.

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February 09, 2019, 12:24:55 PM
 #32

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.

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February 09, 2019, 12:28:29 PM
 #33

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.
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 $

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February 09, 2019, 12:30:03 PM
 #34

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.

 
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February 09, 2019, 12:34:09 PM
 #35

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.

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February 10, 2019, 09:51:21 AM
 #36

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
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February 10, 2019, 09:57:46 AM
 #37

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.

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February 10, 2019, 11:03:28 AM
 #38

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
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February 10, 2019, 11:28:39 AM
 #39

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
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February 10, 2019, 12:27:32 PM
 #40

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.
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