If BNB will reach $500, what's next?

[ven7net]

BNB is probably the most impressive altcoin now, it's rising steadily and on its standing now, I think it will be a big rival of ETH and might soon replace ETH in the rank 2 spot.

What do you think are the reasons for this pump? I know we there's a lot of reason since Binance has been providing us with their development transaprently, I'm asking for a big reason now and news to come.

Now I am also starting to believe that BNB can catch up with ETH and may actually be able to move it. But this is provided that ETH cannot solve the problems in its network associated primarily with the speed and cost of transactions. But why did this happen? I once watched Vitalik Buterin's speech when he presented Ethereum and its capabilities, and even then the Chinese were very much interested in his proposal. This is probably what triggered the emergence of Binance and its active growth. Perhaps Buterin's team could not solve this problem, but the Chinese, represented by Binance, could. As a result, we see such a situation. Of course, these are just my guesses and maybe everything happens differently.

[masterrex]

BNB is probably the most impressive altcoin now, it's rising steadily and on its standing now, I think it will be a big rival of ETH and might soon replace ETH in the rank 2 spot.

What do you think are the reasons for this pump? I know we there's a lot of reason since Binance has been providing us with their development transaprently, I'm asking for a big reason now and news to come.

I believe that one of the big reasons was the creation of the Binance Smart Chain because without BSC the BNB price won't achieve that impressive price growth. Since the demand was coming from the Binance Smart Chain users, and not coming from the old and existing Binance product line and services. By the way, thanks to the expensive transaction fees on the Ethereum network, because of that problem BNB was put in the limelight.    

[SquallLeonhart]

BNB is probably the most impressive altcoin now, it's rising steadily and on its standing now, I think it will be a big rival of ETH and might soon replace ETH in the rank 2 spot.

What do you think are the reasons for this pump? I know we there's a lot of reason since Binance has been providing us with their development transaprently, I'm asking for a big reason now and news to come.

I personally believe BNB will be following the footsteps of ethereum. So, if $500 is achieved and then we can expect BNB to test $1200 as next milestone and then after that, we can expect  crash which may last up to $180 price levels like how bitcoin and ethereum faced after scaling $1000+ price levels. Overall, if etherum is just following bitcoin's pattern and BNB may follow ethereum's pattern.

The reason for this pump must be obvious because people are suffering by paying high fee on ethereum and for hosting smart contract they are looking for cheaper alternate which might be BNB. Also when there are big volume happening on binance exchange, there are possibilities for BNB to be pumped.

[slaman29]

BNB right now is actually burning and keep holding the ATH.. it will probably going to much price within this month since its still at top 3 in coinmarketcap.. Well for now i cant tell more since this alt season really making this project become valuable.. I hope there are no manipulation will happen afterwards.. And also congrats to those who keep holding BNB, they are really now gaining more profits in it.

Burning but that's mainly because of hundreds of IDOs launching on all the BSC platforms. Total ICO mania just calling it an IDO instead of what it really is. They can add all kinds of wrapping and staking to qualify but it's pretty clear this pump for demand is fuelled by new tokens launching every day.

[ScamViruS]

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Burning but that's mainly because of hundreds of IDOs launching on all the BSC platforms. Total ICO mania just calling it an IDO instead of what it really is. They can add all kinds of wrapping and staking to qualify but it's pretty clear this pump for demand is fuelled by new tokens launching every day.

You are right  Demand for Bnb is now increasing due to Bsc. The hype created with bnb is like the eth of 2017 to me. There has been a mixed response from everyone about Eth's current transaction fees. Since eth fees are much higher now, all the projects are looking for another best way, in that case bsc is helping them.

As a result now a lot of new old projects are coming to bsc. And the biggest advantage of bnb here is binance exchange, many projects are quickly moving to bsc in the hope of listing in binance.

[Golftech]

BNB right now is actually burning and keep holding the ATH.. it will probably going to much price within this month since its still at top 3 in coinmarketcap.. Well for now i cant tell more since this alt season really making this project become valuable.. I hope there are no manipulation will happen afterwards.. And also congrats to those who keep holding BNB, they are really now gaining more profits in it.

Burning but that's mainly because of hundreds of IDOs launching on all the BSC platforms. Total ICO mania just calling it an IDO instead of what it really is. They can add all kinds of wrapping and staking to qualify but it's pretty clear this pump for demand is fuelled by new tokens launching every day.

More on that, it really helps the chain and the value of this asset, with the demands of developers

who use BSC system, more money are flowing inside and also the exchange itself the trust that's

being created to the team, more investors and traders are very much willing to participate, holding

this asset and wait for another pump.

[LUCKMCFLY]

BNB has a good rhythm although now it has a corrective movement of the market, it is normal, the curious thing is that since this April 12 it stopped growing that 173%, however this April 14 when Coinbase was traded with Coin on Wall Street it was a difficult start, this brought to the bitcoin and cryptocurrency market some uncertainty, bitcoin is going down a bit, it is normal for BNB to go down.

However bullish expectations can be seen in a good overview, the article can give us a vision of what can happen in a more positive environment:

If the price bounces off $483.95, it will suggest the sentiment remains positive and the bulls are accumulating on dips. The buyers will try to resume the uptrend by thrusting the price above $638.56. If they succeed, the BNB/USDT pair could start its journey toward $888.70.

Source: https://cointelegraph.com/news/price-analysis-4-14-btc-eth-bnb-xrp-ada-dot-uni-ltc-doge-link

[slaman29]

You are right  Demand for Bnb is now increasing due to Bsc. The hype created with bnb is like the eth of 2017 to me. There has been a mixed response from everyone about Eth's current transaction fees. Since eth fees are much higher now, all the projects are looking for another best way, in that case bsc is helping them.

As a result now a lot of new old projects are coming to bsc. And the biggest advantage of bnb here is binance exchange, many projects are quickly moving to bsc in the hope of listing in binance.

Hundred percent agree here. I think ETH is right now correctly priced, because of the huge amount of utility that derives on the platform (defi or no defi it has a lot of other dapps and with 2.0 coming gas fees are going to go away) but the 2017 price was pure hype driven. Once defi dies down what use will BSC be for except a clone of ETH?

[Rampagoe004]

The increasing price of BNB is certainly the role of BSC which has been widely used in the distribution of bounty prize projects, so that the value of BNB increases so quickly and currently the value of BNB has claimed $500 even though the price is now declining again and we are very confident that BNB will approach the price of ethreum which is currently ranked second.

[bakasabo]

By lookin on how BNB steadily goes down after setting new ATH I am a little confused. What had causes such a price drop? Yesterday I was planning to use price reduction as an opportunity to buy cheap BNB, but after seen that today the reduction continues I have changed my mind.
During the rest of todays day, I'm going to decide whether to buy few BNB or skip that. What are your thought about it ?

[Sled]

By lookin on how BNB steadily goes down after setting new ATH I am a little confused. What had causes such a price drop? Yesterday I was planning to use price reduction as an opportunity to buy cheap BNB, but after seen that today the reduction continues I have changed my mind.
During the rest of todays day, I'm going to decide whether to buy few BNB or skip that. What are your thought about it ?

If you look on the other side, you'll see that BNB has really pumped a lot  in the past few days, a minor pull back is not really a problem, as bitcoin continues to be bullish, so does BNB because it always follow.

BNB has 37% increase in a week, isn't it huge? (https://coinmarketcap.com/currencies/binance-coin/)

[molsewid]

The increasing price of BNB is certainly the role of BSC which has been widely used in the distribution of bounty prize projects, so that the value of BNB increases so quickly and currently the value of BNB has claimed $500 even though the price is now declining again and we are very confident that BNB will approach the price of ethreum which is currently ranked second.

Currently Binance has a market value of $544.56 and it already reach and surpasses $500 then what's next? I guess Binance has still more bomb to explode after reaching $500+ and because of the support of the new rising projects in the market. Binance Smarct Chain was I guess one of the favorite blockchain today well its because of its affordability, though having an ERC as a blockchain was still good but due to high gas fee many new projects are choosing BSC.

[Cengghengmania21]

Yes, right. because besides that all Binance which is a market from bnb gives a bonus in the form of a new alt setting in binance for bnb coin ownership. of course this is an attraction for the users

[Shasha80]

I am happy 4 days ago that BNB finally managed to reach the ATH price of $ 637, but now the BNB price is down about 14% from the ATH price.
Many people panic knowing this and finally made some holders sell their BNB, even though in my opinion this is a normal correction.
Because many BNB holders take profit when BNB reaches the ATH price, I believe BNB will recover soon and the price can go up again.

[Lanatsa]

I am happy 4 days ago that BNB finally managed to reach the ATH price of $ 637, but now the BNB price is down about 14% from the ATH price.
Many people panic knowing this and finally made some holders sell their BNB, even though in my opinion this is a normal correction.
Because many BNB holders take profit when BNB reaches the ATH price, I believe BNB will recover soon and the price can go up again.

When it comes to potential then theres no question or doubt for BNB to raise up its price and also corrections are just typical stuff to happen because we cant just expect that the price
will continuously to shoot up upto 1k without any corrections or price decrease.

Sell points or resistance are common and its not a surprising thing but wondering on why people still not get used to this one?

Reaching out 1k might take some time and its better to utilize these movements for your benefit.

[bakasabo]

If you look on the other side, you'll see that BNB has really pumped a lot  in the past few days, a minor pull back is not really a problem, as bitcoin continues to be bullish, so does BNB because it always follow.

BNB has 37% increase in a week, isn't it huge? (https://coinmarketcap.com/currencies/binance-coin/)

That is why I have made a decision buy only 1 BNB. Of course someone will laugh at me, because this is just ~$550. But I'm planning to hold it for a very long period. Probably I would consider selling it only when BNB surpass four digit price.
Bitcoin volatility taught me not to pay much attention to any insignificant price changes. So a minor BNB price pull back does not scare me.

[Aubameyang]

By lookin on how BNB steadily goes down after setting new ATH I am a little confused. What had causes such a price drop? Yesterday I was planning to use price reduction as an opportunity to buy cheap BNB, but after seen that today the reduction continues I have changed my mind.
During the rest of todays day, I'm going to decide whether to buy few BNB or skip that. What are your thought about it ?

Well, this situatuon is common in crypto market. The little correction of BNB price after its bullish and i think its okay. For me, it is the sign of good market, because there wouldn't be possible if the price increase all the time.

[tippytoes]

By lookin on how BNB steadily goes down after setting new ATH I am a little confused. What had causes such a price drop? Yesterday I was planning to use price reduction as an opportunity to buy cheap BNB, but after seen that today the reduction continues I have changed my mind.
During the rest of todays day, I'm going to decide whether to buy few BNB or skip that. What are your thought about it ?

Well, this situatuon is common in crypto market. The little correction of BNB price after its bullish and i think its okay. For me, it is the sign of good market, because there wouldn't be possible if the price increase all the time.

For me, it is not good if the price continue to rapidly increase as it is not an organic growth. So the drop is just normal and it will go up again. The main reason why I believe BNB is rising because a lot of projects are now going to BSC network instead of ETH. With their cheap fees, it is very favorable to developers as well as traders. And since it is under the top exchange, they can easily gain trust from the community. Maybe, this drop is the opportunity to buy before it goes up again. But that is your prerogative on this coin.

[martina14]

BNB is probably the most impressive altcoin now, it's rising steadily and on its standing now, I think it will be a big rival of ETH and might soon replace ETH in the rank 2 spot.

What do you think are the reasons for this pump? I know we there's a lot of reason since Binance has been providing us with their development transaprently, I'm asking for a big reason now and news to come.

Its already more than 500 plus now each BNB dude, and it was rising up because of the BSC and we can see all this through each new projects adopted it using the BSC blockchain. And I think it will get more than 1000$ or more this year each BNB, so this is the right chance for us to buy em then hold in the long term.

[Cengghengmania21]

There are many things that have made BNB continue to experience improvements in the last few months, and one of them is public trust in using the platform of this coin maker, Binance platform.