Wysi (OP)
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December 30, 2019, 04:06:31 PM |
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BNB was one of the most profitable exchange tokens before a while but now the value has dropped by over 50% as it's trailing at a mere $14 as of now and the same was above $35 in the month of June. If this trend continues then the BNB will lose its potential and investors. BNB was one of my favorite tokens which have crashed terribly, what do you think will be the future of this token?
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"The nature of Bitcoin is such that once version 0.1 was released, the
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imutlinda
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December 30, 2019, 04:45:43 PM |
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BNB is also one of my favorite coins too, especially when I trade on the binance exchange. I am indeed quite often investing binance, especially at the peak price, and I can only hope that this downward trend does not run continuously. but for BNB to lose users then I think not, because they have considerable strength
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jameshugo17
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December 30, 2019, 04:47:36 PM |
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Bitcoin dominates this market. Ethereum has the largest network of coins. But there was a BNB. CZ reads the market very well. Even CZ leads the market. I think the BNB can go up to $ 100. I'm very hopeful for the BNB.
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Raflesia
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December 30, 2019, 05:05:04 PM |
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Maybe because the market conditions are still bearish so that the price of BNB no longer holds above $ 20, but prices continue to fall down and this could also affect the global market. I think BNB will not lose its investors. Instead, this is a benefit for investors because they buy BNB coins which are very cheap and many of these BNB coins are liked.
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suzanne5223
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December 30, 2019, 05:07:44 PM |
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BNB was one of the most profitable exchange tokens before a while but now the value has dropped by over 50% as it's trailing at a mere $14 as of now and the same was above $35 in the month of June. If this trend continues then the BNB will lose its potential and investors. BNB was one of my favorite tokens which have crashed terribly, what do you think will be the future of this token?
Honestly, it all the cryptocurrency in the market that have dropped more than 50% of there previous ATH price which i believed every cryypro investors and traders understand the current dump in price of every crypto coin and if finance continue to produce new innovative technology i don't see any reason they will lose their investors even it the token down price to $5 through this current dump trend.
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Sterbens
Sr. Member
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Duelbits.com
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December 30, 2019, 05:13:05 PM |
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I am not surprised indeed that all the coin conditions like BNB dropped so badly that I consider this to be reasonable. BNB investors will still be there because they will continue to hold BNB because there are other destinations that could be a goal because IEO is in Binance because it requires BNB coins so many are holding it. Investors are also holding for a long time because coins in the future are more than now their prices are even higher.
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Darooghe
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December 30, 2019, 05:16:30 PM |
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I think the BNB is used to cover the commission fee which is popular amongst all Binance trading bots who aim to minimum margin and high trading volume. It is a definitely a coin that has value and used within the exchange, but it won't give another great ROI again, if you are planning to trade BNB then trade small and trade smart. However, if Crypto as a market is going to do well in the future, and therefore Binance is going to do well, too. currently, BNB is seating on rank 8 at Coinmarketcap with a fair market price of $14 which is not bad for an exchange crypto.
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JahriMeayer
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December 30, 2019, 05:18:35 PM |
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in my opinion the future of the binance coin will be fine because binance coin has many functions in the binance exchange so the price of binance will not die, in the future the price of binance will go up again because people will buy binance to use various functions on the exchange binance
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cabron
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December 30, 2019, 05:18:44 PM |
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BNB still is going to be as it is. Price had turned $35 to $13 but its just how it works in cryptocurrency. BNB though can still be reach another ATH since binance is just one of the exchange that will continue to flourish. They do have a DEX where developers had to pay BNB to list the tokens they have which these tokens too will have to be swapped being BEP. This is a good strategy for an exchange thats like a crypto platform as well.
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oktana
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December 30, 2019, 05:24:31 PM |
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BNB still has the same properties as other altcoins, always reacting badly to btc's bearish conditions.
I have experienced the same conditions before, if I'm not mistaken when IEO Perl is in progress, the price is very far below expectations and can't move well. But this coin has full strength when BTC starts to move positively, with just one tweet from CZ on Twitter, BNB can immediately reverse the price in just 2 days, still very prospective because it is supported by a very large community.
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Rafiqul
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www.cd3d.app
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December 30, 2019, 05:28:21 PM |
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Although all the cryptocurrencies price on the BNB exchange dropped more than 50%, but i think it is one of the most preferable and profitable exchanger now yet. Also BNB is a potential coin too. So i believe future of BNB is very bright.
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mobilestrike
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December 30, 2019, 05:29:52 PM |
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BNB was one of the most profitable exchange tokens before a while but now the value has dropped by over 50% as it's trailing at a mere $14 as of now and the same was above $35 in the month of June. If this trend continues then the BNB will lose its potential and investors. BNB was one of my favorite tokens which have crashed terribly, what do you think will be the future of this token?
We are now in the bull run season and with the time the trade volume of bitcoin and altcoin will increase at that time you will notice that the price of BNB will increase to another ATH. It is because this coin has a use on its platform and when the use of that platform decrease the demand of that coin decreases while when the time of trade comes then everyone who trade on binance rush to buy BNB.
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asder250
Full Member
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Empowering crypto w/ sustainable energy
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December 30, 2019, 05:30:25 PM |
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Crashed terribly? Did you see the rest market? BNB is one of the most stable altcoin along with ChainLink and Bitcoin. This could be a sign that these few coins have a real potential and investors do not want to dump it more.
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arimamib
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December 30, 2019, 05:30:43 PM |
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BNB still is going to be as it is. Price had turned $35 to $13 but its just how it works in cryptocurrency. BNB though can still be reach another ATH since binance is just one of the exchange that will continue to flourish. They do have a DEX where developers had to pay BNB to list the tokens they have which these tokens too will have to be swapped being BEP. This is a good strategy for an exchange thats like a crypto platform as well.
in other words binance still has the ability to bounce back, because they still have expectations from the binance exchange. fortunately they linked each other between the platform and BNB coins, which at this time many binance exchange users use BNB as a way to reduce fees. therefore I also believe that BNB will continue to grow and the current price decline I think is the flow of the price
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DonFacundo
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December 30, 2019, 05:31:56 PM |
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Not just BNB has dropped 50%, many coins in the market were also down. Well don't worry I believe the potential of BNB, it will increase in the future for sure, just keep holding.
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CryptopreneurBrainboss
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Merit: 4171
eXch.cx - Automatic crypto Swap Exchange.
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December 30, 2019, 05:45:55 PM |
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BNB was one of the most profitable exchange tokens before a while but now the value has dropped by over 50% as it's trailing at a mere $14 as of now and the same was above $35 in the month of June. If this trend continues then the BNB will lose its potential and investors. BNB was one of my favorite tokens which have crashed terribly, what do you think will be the future of this token?
Binance coin althrough it's currently trading at -50% is still one of the most profitable coins of 2019 as it started the year trading at below what's currently trading at (either $2 - $5). Before now, I have alway advocated that Binance is just been hyped and it'll backfire when the hype dies down like how every altcoin hyped in 2017 suffed in 2018. Binance coin was never worth what it was trading at ~$40 as the technology of the coin couldn't match the price. Investors were forced to buy BNB in order to partake in the IEO using the Binance Launchpad. Manipulation of price and FOMO was just the factor causing price of the coin to moon and not a genuine growth. I don't think BNB has much future although it's still one of the coins to keep an eye on since Binance still has a say in the altcoin industry as they're currently the most used exchange in the industry. Exchange tokens aren't worth any utility outside their exchange so as far Binance exchange still dominate the space the chances of BNB succeeding is present.
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cryptoangel
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December 30, 2019, 05:53:27 PM |
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Binance is a leading crypto currency in this year, because continuous growing make more marketcap so it will maintain the top level in the market. The recent drop was not affect the marketcap so everyone know the potential of BNB. I hope next year we expect more than 100 percent growing in BNB so future is bright in this platform.
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hulla
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December 30, 2019, 05:58:24 PM |
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BNB was one of the most profitable exchange tokens before a while but now the value has dropped by over 50% as it's trailing at a mere $14 as of now and the same was above $35 in the month of June. If this trend continues then the BNB will lose its potential and investors. BNB was one of my favorite tokens which have crashed terribly, what do you think will be the future of this token?
Binance coin althrough it's currently trading at -50% is still one of the most profitable coins of 2019 as it started the year trading at below what's currently trading at (either $2 - $5). Before now, I have alway advocated that Binance is just been hyped and it'll backfire when the hype dies down like how every altcoin hyped in 2017 suffed in 2018. Binance coin was never worth what it was trading at ~$40 as the technology of the coin couldn't match the price. Investors were forced to buy BNB in order to partake in the IEO using the Binance Launchpad. Manipulation of price and FOMO was just the factor causing price of the coin to moon and not a genuine growth. I don't think BNB has much future although it's still one of the coins to keep an eye on since Binance still has a say in the altcoin industry as they're currently the most used exchange in the industry. Exchange tokens aren't worth any utility outside their exchange so as far Binance exchange still dominate the space the chances of BNB succeeding is present. Every crypto in the market are slightly been hype these days and i guess the reason was because the hype is fast strategy used to get the investors attention but i don't think BNB was that hype because the token price is determined by the trading activities done on Binance and i believe most crypto traders are using the accumulating more coins strategy than doing more trading these season. Therefore, if we combine the current crypto trading stance and the momentum level of crypti market it normal if BNB experienced the 50% dump.
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devillnj2.1
Jr. Member
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Activity: 206
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December 30, 2019, 06:01:40 PM |
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yes binance is one of my favorite exchange as well, I also earn some profit this last quarter. in regards with bnb, all coins and tokens experience down trend most especially btc and ethereum and other popular digital asssets, I hope it will not last long, what important is, bnb is very usefull token you can use this token as transaction fee with discounts, most importantly the business is for long term, dont look the price in short period of time when its beneficial in the long run.
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Wysi (OP)
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December 30, 2019, 06:08:44 PM |
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BNB was one of the most profitable exchange tokens before a while but now the value has dropped by over 50% as it's trailing at a mere $14 as of now and the same was above $35 in the month of June. If this trend continues then the BNB will lose its potential and investors. BNB was one of my favorite tokens which have crashed terribly, what do you think will be the future of this token?
We are now in the bull run season and with the time the trade volume of bitcoin and altcoin will increase at that time you will notice that the price of BNB will increase to another ATH. It is because this coin has a use on its platform and when the use of that platform decrease the demand of that coin decreases while when the time of trade comes then everyone who trade on binance rush to buy BNB. Yes I really hope so, we are going through tough time and dip in the value of all the coins were expected and the reason why I was surprised about BNB's downfall is due to the fact that it has great demand in the market as user need to have BNB in order to buy new coins launched through the Binance launchpad and they have unique concept wherein the buyers need to hold BNB for a period of time in order to avoid sudden dump but still the value was down by more than 50% when there was a regular transaction.
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