What is the reason for Binance price increase?

[Marble777]

in my opinion binance can be said as the second largest altcoin besides ethereum, why? because binance has good development, many people talk about it. on the one hand I am also one of the holders of altcoin binance and I believe binance has great potential for long-term investment.

[umbara ardian]

I guess the reason why BNB is increasing maybe because of the popularity of exchange and most of IEOs in binance were successful, so investors interested to invest in BNB.

Exactly, as I watched, BNB prices always increased after they announced IEO a new project. And this time is the same as many times before. And I think this is the only reason why BNB has been continuously increasing until now

[freedomgo]

BNB delivered their promise unlike other projects, also their exchange is dominating in terms of trading volume so that also attract people to invest.
It cannot be denied that BTC has grown multiple times this year already, in fact it reached 35 usd this year which is its highest while it can only be bought at 6 usd a piece during the start of the year.

If we look at the graph, we can see that the growth is very consistent and that says this is a solid coin and and solid investment.

[rijaljun]

Well!1 Popular cryptocurrency binance price has increased very well as compared to the other altcoins, this means binance is showing positive signs for the investors.

As binance is developing every day after the binance hack.

What's your take on this?

I think it is because for now there is no strong competitor for Binance but nothing last forever, I do believe that there will be an exchange to take over Binance and Binance itself will be like other ex-popular exchanges.

[Bananington]

The recent price soar of BNB  is obviously because of the PERLIN IEO on Binance launchpad soon. People are taking position in order to get in the IEO since from the records, Binance IEOs have been profitable. We should see a slight dump after the IEO as always, but not certain anyways.

[knuckey]

first launched, binance same as other exchanges that use other platforms for its tokens, but now they have evolved into one of the top coins and they already have their own blockchain. binance also always provides the latest innovations, such as IEO and DEX, this has attracted many investors and triggered rapid growth for BNB.

[shiming]

I want to say that Binance is very suitable for novice operations, marketing, and of course the team's technical strength is also very good. Many people like this trading platform. BNB prices have risen. I think the most important thing is because of the implementation of IEO.

[Oyarebu]

In addition to what others have commented before now of the reason behind the Binance price rise, I would like to add this that, we shouldn't forget the true power of Binance when it come to cryptocurrency, they have mite IEOs this days and all of these IEOs are expected to buy their tokens and also, their content are been promoted by one of the reputable content promoters.

[Soberb]

The sole reason for the increase of Binance Coin is Binance exchange. Binance exchange has received unprecedented support from the community and traders in a short span of time. It has also managed to satisfy its customers. I love this exchange.

[Viceroy]

Binance does not stand still and every day it becomes a little better. Their desire to remain the best and the ideas that they implement affect the price of their coins.

[Turkish88]

I am sure its IEO hype and nothing more, this is the reason why i dont buy bnb.
I think soon scm ieo's kill this crowdfunding method

[thiscomm]

I feel that the development of binance has always been good in the stability and development of their prices. binance is great for investors giving their funds to invest. I noted that in 2018 binance and doge were the masters of the most stable crypto price segment. although both of these crypto have lower prices than ETH. but if binance always stabilizes and develops its price as it is now, it is not impossible if later Binance can shift the position of ETH in the second rank.

[Reid]

That is what you will expect from 1 of the top 5 exchange out there. If not, then they should not be taking that rank.
Even with downsides they can still manage to maintain the value of their coin.

What else should you use but BNB to exchange in a cheaper price and also have the opportunity for it to grow like one of the top altcoins there.
It is good that is has usage unlike other altcoins which are just idle.

[labuan]

Many people believe to investing and trading on binance, because binance is very simple than many other exchange and i think binance will always be the king of Exchange, with good system and best team.

[flemmings02]

Binance is follow the trend of other cryptocurrencies, It's just a minor increase and if look at the past week it was on decrease. Until there is an increase to $35 that it initially was before the first binance hack, it's not an increase.

[Bonwin]

This is an indication that Binance is not moved and neither is it perturbed by what news might be going round about it.
This does not stop any development, which is why BNB will not also stop growing. Investors have realized the potential in it and what it has to offer. These and may more will make it to keep growing.

[[btc]YSG]

The reason for Binance token price increase is the Binance trading platform, The token is backed by Binance which is the biggest cryptocurrency exchange in the world, nothing less than an increase should be expected from BNB.

[pixie85]

The reason for this is greed and FOMO. It would be good if the price grew by 100% but 400? This is FOMO nothing else. The token is not revolutionary or anything but it's really overpriced despite that hack that binance fell victim to. People are overestimating binance just like they overestimated gox. History is repeating itself.

[Aryleeto]

Well!1 Popular cryptocurrency binance price has increased very well as compared to the other altcoins, this means binance is showing positive signs for the investors.

As binance is developing every day after the binance hack.

What's your take on this?

Binance is a leading exchange , and all the tokens that fall on this exchange are growing very much , especially now the bnb coin is growing , due to the fact that they pass very often ieo and this pushes the exchange to be in the top.

[Lexurdania]

Well!1 Popular cryptocurrency binance price has increased very well as compared to the other altcoins, this means binance is showing positive signs for the investors.

As binance is developing every day after the binance hack.

What's your take on this?

The price of binance coins reaches the highest price in the middle of the bear market. This shows that investors believe that BNB Coin and DEX have just been launched. I think, if we hold BNB Coin for the long term, we will see the price of BNB Coin at $ 50