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Author Topic: BNB reached $100  (Read 1114 times)
gs25 (OP)
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February 09, 2021, 02:26:01 PM
 #1

Binance for the win

Certainly one of the best centralized exchanges of all time

BNB at $100 is not the limit, it will continue to grow !
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February 09, 2021, 02:44:53 PM
 #2

BNB is a centralized coin and a huge amount of these coins are stored, staked or traded on the exchange.
If you try to fundamentally evaluate the coin, then the increase in its price is associated with the activities of the binance exchange.
I don’t think it’s possible to increase its price for a long time because staking will stop making a profit at a higher rate.

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February 09, 2021, 02:59:49 PM
 #3

BNB is growing just because of more adoption into Defi spaces as transection fees are in cents which is a positive way to attract more projects to adopt BSC. It looks like, BNB won't follow Bitcoin if this kind of pumps are going on and BNB did this previously when CZ introduce IEO for the first time. BNB might not stop if alt season last long and quaterly burn is done in Q2 of 2021.

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February 09, 2021, 03:17:40 PM
 #4

Last launchpad on Binance success raise much BNB holder from investor and they get much profit with launchpad joining after SFP coin raise higher price and get profit more than 100%, price from IEO only 0,1 and get 1$ and now hit above $2. Many investor buy and hold BNB few days give bigger impact with BNB price cross above $100 and keep have chance to see BNB become bigger coin later with good position under ethereum.
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February 09, 2021, 03:37:25 PM
 #5

The adoption of BNB seems to be growing and is showing no signs of stopping.
Many DeFi Tokens from the ethereum platform are moving to the Binance chain to reduce transaction fees.
My prediction It will reach 500 $ -600 $ in the next 1-2 years.
Don't forget Another feature that many investors appreciate is BNB's quarterly burn. In short, every quarter, 20% of profits are spent on buying back and subsequently burn the tokens. Regular token burns ensure a limited supply (which drives the demand, and hence the price up).
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February 09, 2021, 03:42:08 PM
 #6

It can go like ethereum and i think that $100 is still very cheap. The revenue that always received by binance is always used to burn BNB coin and less coins will be on circulating supply.
This coin is potentially to surpass ethereum maybe in the next years. I see that there are lots of people have been moving to the BSC and that's also making the demand for BNB increases a lot.

CZ is a very smart guy to combined various business in the one platform. i call that if binance is all in one platform.
You can find native blockchain combined with centralize exchange site with defi platforms.



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February 09, 2021, 03:42:41 PM
Merited by muenze (1)
 #7

I personally am not a big fan of binance because they kinda feel like a monopolist to me with the recent aquisition of coinmarketcap.
Now they are doing all those coimarketcap earn campaigns of coins that are all related to binance in a way and only get transfered to a KYC-verified binance account.
Even i have to acknowledge though that they made a lot of good decisions in the last years which brought them to the top.
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February 09, 2021, 04:16:02 PM
 #8

1 month ago, BNB price movements were insignificant, however these 2 weeks were extreme. This is a good signal, considering that several projects adopting the Binance smart chain protocol are starting to take off.

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February 09, 2021, 04:52:22 PM
 #9

WOW, this is extreme!

I guess that all the holders to get the different benefits and rebates in Binance are creating a considerable scarcity, and the price is pumped. Still, this is remarkable for an exchange coin.

Do you think that BNB can hold so high for a more extended period?

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February 09, 2021, 05:04:12 PM
 #10

Binance for the win

Certainly one of the best centralized exchanges of all time

BNB at $100 is not the limit, it will continue to grow !

I buy some when the market price is around 40$ and I think it's really worth investing in the token well as in the long run it will benefit you if you hold the token in the Binance exchange. Its one of the best token that i hold i just feel sorry because I can't buy a big volume of the token because it's already 40$ in the market. Last time the movement of the token was not that great and it doesnt seems like to be going up but in the last few months it went parabolic maybe because of the Binance exchange getting a lot of attention as a top exchange in the crypto community.
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February 09, 2021, 05:06:06 PM
 #11

It's not a big surprise to see that happens with binance coins. There are lots of reasons why binance is worth three digits right now. I do believe if elon is also giving a lot of contribution to the binance's exposure and there are lots of traffic come to the binance recently. Yesterday binance gets down due to the overload on its traffic.
This is why people were also buying binance as their investment.

Binance has touched more than $110 and that's crazy.

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February 09, 2021, 05:35:51 PM
 #12

Binance community was really strong, also supported from many good project which have IEO in Binance makes the price extremely rise.
But im pretty sure theres will be some correction soon.

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February 09, 2021, 06:01:01 PM
 #13

Binance for the win

Certainly one of the best centralized exchanges of all time

BNB at $100 is not the limit, it will continue to grow !

I do not surprise to see BNB can increase because I predict it will happen. But I do not know how much the price can increase, and I think $100 is just beginning for BNB. BNB will have a chance to be the next coin that will increase as ethereum, and we know that this coin has a big fan that supports the project and the exchange. So I think the price will continue to increase, but you need to be careful if you want to buy and sell BNB because that will not easy to do since the movement will be too volatile following bitcoin price.

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February 09, 2021, 06:34:48 PM
 #14

Binance for the win

Certainly one of the best centralized exchanges of all time

BNB at $100 is not the limit, it will continue to grow !
Congratulations to all investors of Binance Coin. I'm really watching it out and the ATH that it made within the last 24 hours is $115. That's really a huge increase for this coin and never thought that it would be reaching $100.

Just a month ago, it was under $40, and with the rise of bitcoin. I thought that it's already done reaching new all-time highs but I was wrong and just as the same as bitcoin, it's also touching new ATHs.

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February 09, 2021, 06:46:10 PM
 #15

So what next, BNB price rises more and more and using it to reduce trading fees becomes unprofitable. Only real usage of BNB - ability to participate in competitions and giveaways. Another “cryptocurrency instrument” died because of high price. Ethereum and its tokens becomes useless, as its transactions starte to cost a furtune. Cheap banking transactions aka Ripple is fornicated by SEC and losses its reputation. Bitcoin price grows to moon and people prefer to hold it instead of using. Fiat currency becomes more preferable. The war is lost Smiley

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February 09, 2021, 06:52:53 PM
 #16

BNB currently has great potential because binance is number 1 on the market today, so I don't wonder about such prices, I suspect it will still go up.

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February 09, 2021, 07:21:57 PM
 #17

The binance coin is doing greatly alongside other coins the bull run has affected most of the market and as at the time of this reply the coin is now $105 Which is a great mile.

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muenze
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February 09, 2021, 07:27:44 PM
 #18

I personally am not a big fan of binance because they kinda feel like a monopolist to me with the recent aquisition of coinmarketcap.
Now they are doing all those coimarketcap earn campaigns of coins that are all related to binance in a way and only get transfered to a KYC-verified binance account.
Even i have to acknowledge though that they made a lot of good decisions in the last years which brought them to the top.

I fully agree with this sentiment. And I personally do not hold any BNB yet even if I use Binance quite a lot.

History clearly proved me wrong, BNB has gained a lot. But I share your sentiment of it being very central and very risky.
They are managed well, and recently also bought Coinmarketcap.

However I think there is a lot of dumb money now on Binance, and in a huge crash for Bitcoin, I think BNB
would go the way of ETH dropping 95% in the worst case. Its a lot of smoke and mirrors and no fundamental
value, they will just keep pumping out projects because it gets them (and their customers) a great
return right now. But thats no guarantee it will work forever.

Surely not a bad thing tho to ride this train for a while if you are looking for some short term gains.

It was amazing to be part of Bitcointalk for a little while. Thankyou. https://bitcointalk.org/index.php?topic=5316241.0
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February 09, 2021, 10:33:13 PM
 #19

BNB reached $100

It is crazy $17 billion for an exchange token. You cant use it anywhere else and for nothing else than for trading on Binance. Crazy, crazy, crazy!  and yes your right it will probably be more crazy in the next half year.
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February 09, 2021, 10:41:27 PM
 #20

Binance for the win

Certainly one of the best centralized exchanges of all time

BNB at $100 is not the limit, it will continue to grow !

You would really be expecting these things though since Binance is the top or one of the top exchangers at the moment even though it did have some
bit of criticisms but still do end up flying with colors due to excellent service that it do gives when it comes to trading platform which did really give out
lots of good impressions and input by the community.BNB itself wont really be reaching that price if there's no demand.Lucky for those who had able
to baghold BNB earlier when its still playing around $30-$40. 2x profit in a short span of time was great.

R


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