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

[temilade200]

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.

[Psynthax]

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 .

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.

[H1N1]

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

Any idea what caused this surge?

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.

[kxz1498]

BNB is the closest thing to Binance stock as well.

[KeikoSimone]

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

[bitmover]

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.

[chocopapaya]

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.

[Adriano2010]

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.

[Cianix]

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.

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

[dataispower]

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.

[seggardinggins]

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.