Topic: Binance Coin - Not Far From The Falling - page 3. (Read 12463 times)

But binance will have a chance to get down too deep like the other coins, but I don't think that binance exchanges will let that happen. I think they will still support the coin to survive and still increase in these situations. But yes, BNB still not going to down too far and we need to wait and see for what will happen later. If we are sure BNB is not down too far, then we can prepare to sell BNB at the high price if the price can go to the higher price after this.

binance coin this year alone has already 3x the price
https://www.coingecko.com/en/coins/binance-coin

you do not have to doubt this coin so this is the Binance coin and is backed by all the whales who are on the Binance platform. Without the involvement of whales, such a rise is not possible in such a short time. So I think it is worth investing in the BNB because it has been able to get a position in the list of top crypto. In future, it is going to sky rocket.

As long as Binance Coin has some utility, then I don't see it going anywhere. Binance exchange is too powerful nowadays, that any decision it takes, greatly impacts (either positively or negatively) the crypto market. We've seen the case with the de-listing of Bitcoin SV, where other exchanges followed Binance's footsteps resulting in a massive decline of the cryptocurrency's price across the market. Now that Binance has launched its own Blockchain that's capable of managing digital tokens (BEP2) in the same way as Ethereum, it could change the whole scenario within crypto.

The BNB coin will become the main token of the Binance Chain where it won't be possible to either interact with the DEX or tokens without it. It's a smart move by Binance, as it'll allow its native token to rise in price over time. Depending on how many people within the mainstream world adopt it, Binance Coin could either rise exponentially in price or go down the drain. Still, what goes up, needs to go down someday. Which means, that BNB might not reach very far in price the same way Bitcoin did back in 2018's bear market.

Nonetheless, the prominence of Binance exchange makes BNB a great token to invest nowadays. But, be aware to never invest what you can't afford to lose as crypto's volatility could change prices within an instant. Just my opinion

I have been watching the BNB and every time I take a peak, I think to myself that this is the highest it will go- no point of buying

But it keeps going up, it is incredible . It starts to resemble real bull market.

Binary coins are among those who experience growth delays, because prices do not rise from $ 34 to USD 38, not yet able to penetrate USD 40.
Although other coins have experienced a fairly good increase because the effect of bitcoin is experiencing very fast growth. For example, the price of Ethereum and Dash rises quite significantly in the exchange, because of the large amount of capital traded.

I do not see any reason why Binance Coin should fall. Finally they bring a real value to this coin - utility token for Binance Chain. Who wants to use Binance Chain needs Binance Coin. 

Binance created a use for its coin in the form of ieo and soon margin trading will be launched, this will make certain that the price is sustained and doesn't fall hard like many might expect. I still see it being bullish in the long run.

I no longer trust binance coin after they delisted Satoshi's Vision.  you may not agree with CSW but it is a very unethical thing to play favorites, the markets should decide.

i think price is not likely to fall down very fast, as we may know those launchpad help a lot to increase the price of bnb..

I don't think BNB will fall and instead it will have another surge of price as another IEO will be in Binance launchedpad. I don't usually trust the charts however, I used it only as my guide but not depend on it. BNB is now used as payments in some stores and it will have more used case than any other cryptocurrencies.

It's just a small correction if what you meant is the current price which is down, 1.44%, I'm sure it will not go lower further as bitcoin is still rising now.
As of now, bitcoin is at $11300 already and I don't think good altcoins such us BNB will have a different path to go.
$40 is easy this year as even there's no significant news, BNB is still rising in the last few months.

There are some correction happens today on BNB, dont worry it will recover again. Coin burn will happen at 15 july 2019 soon. Keep hodl, I'm sure the price of BNB can easily reach >$40 after the Coin Burn complete...

The reason for Binance coin wont fall because binance coin is strong in their developments they are doing all the developments as per their timeline so we can expect binance to toiuch 100 dollars soon in this bull market

Binance showing a good outcome price on the market, it is gradually increasing yet just less to decrease. I think BNB coin has a good future, many investora would benefit and earn profit for bnb investment. In the end of this year i think its price would be upto 60$.

There are two good news that are going to directly support the price of BNB.
Elrond to be the next IEO on it's launchpad. And holding of fixed amount of BNB necessary for margin trading in Binance.

Given the prohibition by US authorities of the rights of American citizens to trade in Binance, an outflow of US citizens' capital from the BNB may occur, leading to a fall in the price of Binance Coin. Of course, such a development is unlikely, but this cannot be ruled out.

When did BNB reached $40? As ATH it's still at $38 on 1-2 days ago. I still wait for BNB could back to 0.00425 btc as now it's still down based on BTC price

Unless Binance exchange will fall.
For now, Binance is still dominating, its the number exchange by rank IMO, and they are operating profitably.

They made a statement this year and I guess it's not over yet.
BNB is set to have a new record soon going to $40, that's only for short term.

Exactly. Most cryptocurrencies on the market behave the same way. Whenever there's hype or FOMO, prices tend to rise towards exponential levels. When the excitement for that specific crypto ends, prices start to decline massively across the market. The same thing could happen for BNB, although it does have some utility to it, in contrast to other cryptocurrencies which are purely speculative.

Despite this, Binance Coin's success is largely determined by its underlying company (named Binance). In the event that Binance exchange fails, so will BNB leaving many investors "holding the bag" (bagholder). Still, this seems very unlikely to happen right now, as Binance continues to expand as a prominent cryptocurrency exchange. The new DEX, the BEP2 token standard, Binance Chain, and more, will truly change the crypto industry for the better.

Nonetheless, it seems that Binance Coin will become a great investment for early adopters as it continues to rise in price towards unprecedented levels. But be aware, that crypto is highly volatile, which could result in massive losses if you invest more than what you can't afford to lose. Just my opinion