Topic: Binance Coin - Not Far From The Falling - page 6. (Read 12463 times)

Without a doubt, Binance Coin could reach $100 and more if the market continues on a bullish trend. It seems that Binance exchange is pumping this cryptocurrency, resulting in a massive increase in price. Of course, the cryptocurrency itself has high demand and usability as it can be used for many things within Binance exchange. Compared to other cryptocurrencies on the market, BNB has real utility which is not based purely on speculation.

The only risk here though, is that if Binance fails, then Binance Coin will fail altogether. We've seen how hacks have affected centralized exchanges one way or the other. If a hacker successfully steals all of the coins within this exchange, then it will go bankrupt, resulting in the downtrend of BNB's price. Still, if Binance takes security into consideration, then it may last for a very long time.

With the release of the new Binance DEX (decentralized exchange), it's hoped that Binance would become highly secure against attacks and censorship-resistant. The Binance Coin will be the native token of Binance Chain (propietary Blockchain of Binance), which will experience greater demand over the long term.

Nonetheless, Binance Coin along with KuCoin Shares are good exchange-based coins that will continue to rise in price across the crypto market over time. Just my thoughts

I will disagree. BNB has got millions of chances to stay in the list of the top-rated cryptocurrencies. Binance Coin will grow further. If it falls, it is a temporary event. It will be gaining and reach $50 at least this year.

CZ is a very brilliant manager, if binance continues to be one of the largest exchanges then Binance coin can reach even $100 but currently I'm bearish until 0,00365 target (BNB/BTC), and this big drop may be the beginning of a much deeper correction.

BNB is worth to invest. I can assure that. A few months, I've been trading this coin and so far I am gaining enough profits from it. The hacking issues is not a hindrance for it's price to fall. Especially now I've heard that they  are planning to open margin trading. In line with this, we could expect the price increase of BNB coin.

I think BNB token will still have more value to grow in the future due to BNB burning and utility within the Binance ecosystem.
As long they maintain their standing within the top 3 exchange.

I think it is not bad right now and has been gaining some good value lately in the crypto market. They call it the ETH of 2017 and it is not low or down which is why it has had a great demand in the market. I see it rising in future. So of course it is gonna go up and above the $100 value in next few weeks or maybe months but of course a price prediction is not easy.

With how traders appreciate how binance works, this margin trading can again be another attracting offer for investors to trade inside this exchange
and with the benefits that the site gives to those who will use their tokens, it can be another turning points to rise more, future will bring the results
of this offers.

Bnb is one of the strong project and it has really perform this year with its ideology but I think is over due for correction but seems not heading toward dump has it has refuse to downtrend even if it does in some days then we see sudden surge again which I think is due to the market and lot of shilling.

Well I love your analysis about the binance coin BNB but I strongly doubt that it willbe falling as you've speculated. Looking at the demands of BNB it's attracting more attention everyday and both big and small investors are moving in. My only concern is the whales

I think binance coin is one of the new coins and has good future potential. As a new coin, binance coin is able to compete with legendary coins of crypto currencies such as eth, xrp, litecoin, monero, etc. We should be proud of achieving this binance coin because binance coin also contributes to making the market better and more advanced. We should not give an assessment that binance coin is not far from the fall because our evidence does not support a coin that is developing well.

BNB is doing great in the market. The discount given to BNB holders in the Binance Exchange is really doing well especially that a lot of transactions and tradings happening these days. Definitely, BNB will.rise in value due to the demand.

Yes. BNP is stable if the exchange works fine. Also using BNB reduces trading fee and this helps trader to mantain the price using it.

There is no reason for BNB dump. Margin trading is going to be launched, that will bring more clients to Binance and also more people who use BNB token.

At the moment, the situation is a completely different BNB token at the moment is one of the most promising on the market and its growth potential is very large and soon the project will start margin trading, which will significantly increase the demand for BNB token and eventually increase its price.

Even if Binance only stay as popular as they are now, they won't drop in price.

Binance still burns 10 percent of their profits worth of coins at regular intervals as part of their structure, so this will continue making BNB less common and more scarce driving up prices.

well of course it will go down and can rise again because growth is not always good, the market is also up and down.
BNB  an ETH competitor in the future, in my opinion not, because it is not easy for BNB to compete with ETH.
everyone has a way to save the coins they have, so they can make a profit.

I believed that BNB is going to fall as well, but these guys from Binance are not going to stop doing awesome things. They have created the best exchange for now and are launching a DEX and margin trading almost at the same time. BNB will be a great competitor to ETH in the future.

I guess binance coin will reach the higher price in the next bull run, but after the price reaches the highest price, it will go down as usual because that is what happening in the cryptocurrency market. People will use the bull market to sell their bnb coin to make a huge profit, and they will wait for another down price that will happen after that.

So if you have a plan to make a profit from the binance coin, then you might buy binance coin right now before the price start to increase. But the good price was already happening in the few weeks or months before so you cannot get a lower price than now. But still, you can buy binance coin now.

I have decided to stay clear from Binance coin, though the future still looks bright for the going by a lot of developments and info around it, who knows if it is time for the developers to cash out huge. Binace have had a field day since the some months ago having seen it done over 600% of its lowest this year, I had fomo and burnt before and I do not want to risk it anymore

Generally in cryptocurrency market, a coin will not skyrocket continuously. It means a coin has to drop in price after reaching a point. This happens not only in cryptocurrency, but in everywhere including stock market. So it is obvious that binance coin will suffer a decline at a point. What we should observe the market at present and the potentiality of a coin.