Binance Coin - Not Far From The Falling - page 9.

Abiky

legendary

Activity: 3220

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www.Crypto.Games: Multiple coins, multiple games

Quote from: levyashin on April 28, 2019, 04:15:27 AM

Nothing always grow in value. There will be a correction always, still in long term binance coin is a good coin to have.

In short term it can lose or gain value.

Exactly. What rises, has to fall one way or the other. We've seen how Bitcoin has increased within a short time frame, to later fall massively in price. It's like a roller coaster where there are ups and downs on the market within specific time frames. This could happen to Binance Coin either in the short or long term. Perhaps, its price increase is given in part to the release of Binance DEX. Not to mention, that there's demand for this exchange-based token because of the many benefits it provides within Binance exchange. Compared to other cryptocurrencies with almost no utility, BNB seems to be the most desirable.

Nonetheless, prices per BNB are still high. Which means, that not many people will be able to afford the token in order to use certain services of Binance Chain. Still, the BNB token might never disappear given that Binance is too big to fail within the crypto industry. Just my thoughts Grin

billyhaleym

copper member

Activity: 128

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I won't undermine the potentials of binance coin, not even a coin of still rising to the top, the marketing team of binance exchange have done great and have really put the BNB token on top of issues

Perfect35

member

Activity: 854

Merit: 10

Binance coin is seriously exhibiting remarkable growth and it is really tempting to say that it is not ready to stop where it is now, but that it is tending toward moving fro two figured price to three figures. I will be among the least of those who would be surprised if this happens, because i had known this earlier.

WannaCry

full member

Activity: 742

Merit: 101

the fact that binance came from a sad news that it was hack it didn't even affect the price.. binance is still a good coin consider/include it in your portfolio

ricardobs

hero member

Activity: 1204

Merit: 505

One thing you should know that coins don't just fall for any reason, a coin with very high demand cannot just fall without any event happening that could cause a dump, and from the events I can see happening around binance, I don't think we are going to see a low in binance for a long while because everyone are jumping into the market so that they don't miss out from what is coming and I would advise everyone to do same too than looking for dumps.

christian07

full member

Activity: 265

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I think all cryptocurrency can really drops like that's part of it then that's still good because you can invest when the price is cheap so Binance Coin can go down anytime even this is high now and go really popular day by day now

Then we experience this already in Bitcoin like in december 2017 the price go really high that no one imagine because many users trust this for investment then after that january 2018 to december 2018 Bitcoin drops a lot that no one imagine it even this is popular so it can happen also in Binance Coin like market is very volatile like unpredictable

levyashin

sr. member

Activity: 980

Merit: 276

$CYBERCASH METAVERSE

Nothing always grow in value. There will be a correction always, still in long term binance coin is a good coin to have.

In short term it can lose or gain value.

FanEagle

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: CryptoLogo on April 26, 2019, 07:55:13 AM

I am not well versed in the technical analysis of cryptocurrency, but I think that the price of BNB should go down. However, this will not be a big fall.

I am not against Binance, I love Binance so much and I appreciate all the effort the CEO is outing in place to make the cryptocurrency more fun to investors and users, which I will also like to be a part of their community but I am yet to invest because I feel their price has become too high right now and dump might occur anytime soon.

So, I really support and dump in price so that some of us that are yet to get the opportunity to invest in those great project will do, but with the rate at which they are gaining users and holders, I really don’t think this wish will come true anytime soon, so it might just still be the best price of BNB one can get for now.

Script3d

hero member

Activity: 1232

Merit: 503

Quote from: semes on April 27, 2019, 07:01:28 AM

I think the same way. There is no more activity that Binance will do after this point. There is nothing to BNB price move up anymore

There will be always new traders at exchange, if they plan to stick at binance they will buy the coin to reap the benefits that binance offers, and there will be lesser supply in the circulation because most people are holding their coins and that will drive the prices way faster.

masterrex

full member

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Merit: 107

Quote from: Hiral1111 on April 24, 2019, 12:06:30 PM

The market made a good upward movement and reached ATH . We have a resistance zone between 24.00 and 25.00 levels and the 1st attempt to pass this zone. More likely that the price will bounce and correct the previous movement. It will be logical if we can use this word and this market together. For confirmation of the price reversal we need to wait for the close price of the daily candle. If it is below 24.00 level and the bearish candle is strong, we will get the 1st signal confirming the bouncing from the resistance.

RSI is going to confirm the price reversal in the overbought zone. MACD histogram and in some timelines will be able to support a possible downward movement. The market looks overbought and the downward movement in the medium term will be a logical movement in the bullish structure.

Cool observation its more likely to happen But I think it wouldnt go down as far as half of its value as of today. Since theres a lot of factor that needs to be consider such as Coin Burning, BinanceDEX launch maybe it can affect the whole picture who knows? But the truth is we are just speculating and anything would happen beyond our control thats how cryptocurrency works!

Idrisu

sr. member

Activity: 924

Merit: 260

Quote from: Hiral1111 on April 24, 2019, 12:06:30 PM

The market made a good upward movement and reached ATH . We have a resistance zone between 24.00 and 25.00 levels and the 1st attempt to pass this zone. More likely that the price will bounce and correct the previous movement. It will be logical if we can use this word and this market together. For confirmation of the price reversal we need to wait for the close price of the daily candle. If it is below 24.00 level and the bearish candle is strong, we will get the 1st signal confirming the bouncing from the resistance.

RSI is going to confirm the price reversal in the overbought zone. MACD histogram and in some timelines will be able to support a possible downward movement. The market looks overbought and the downward movement in the medium term will be a logical movement in the bullish structure.

Thank you in sharing this with us and I am thinking in that ways too. It is very good to take profits now as it seems it might not be able to break the resistance level it has created. The little support it has some days back is around $18 and that is were I think it is falling close to.

okala

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Merit: 114

Quote from: Buntel168 on April 24, 2019, 12:27:14 PM

I see Binance coin will countinue to increase and there is no reason to fall. One of the best coin in 2019, good performance and have a good exchange platform make Binance price go up.

I believe the same too, I have try to see the reason why speculators think binance coin is going to decrease in price and can not fine any if the coin can do well in the year 2018 when the entire market was in crisis how much more will it performe excellent now that the cryptocurrencies market is gradually doing well.

anatolij.shishkin

copper member

Activity: 995

Merit: 1

Quote from: arnoldrimmer on April 27, 2019, 08:05:00 AM

I don't see Binance coin going down anytime soon, it might encounter some difficulties and the price might go down a bit but it will rise far above what it was and this is cos of the fact that its backed up by a very powerful exchange

When you have a big pump, you can always adjust the price. Make it a little better for yourself. So I understand why they are developing so hard. There is a pump to create what you want and promote what you want on the market.

arnoldrimmer

member

Activity: 358

Merit: 10

I don't see Binance coin going down anytime soon, it might encounter some difficulties and the price might go down a bit but it will rise far above what it was and this is cos of the fact that its backed up by a very powerful exchange

semes

member

Activity: 713

Merit: 31

I think the same way. There is no more activity that Binance will do after this point. There is nothing to BNB price move up anymore

sukey2008

member

Activity: 252

Merit: 10

BNB might go down a bit, as all the other coins incl. Bitcoin will do the same.
But long term I will say BNB is still strong, even much stronger than LTC......
Different than the other projects or shitcoins, BNB is really useful, at least until now

waynechong1995

full member

Activity: 644

Merit: 117

swing!

The increasing price is Binance is somehow relative to the user-base it has, there's no much big trader that would actually benefit very much from the discounted trading fees using BNB, for me now its a kinda hot stock with anticipation that Binance platform could somehow become a super crypto platform that cover the entire ecosystem of an altcoin growth and such. The price is a little too high if you justify from its RSI and crypto are always unpredictable, just like many coins are gone 90% off from ATH and how it does happen in the first place? the market trend plays a very important role.

Iykecollins

copper member

Activity: 376

Merit: 1

It is not in every circumstance that you apply technical analysis, sometimes take a cursory look at the fundamentals also. So far there is a lot of sentiments around Binance coin that makes the market continue to soar and the sentiments are still building and not going to be over soon. We may be seeing another spike from here after a very little correction

thanhswp

member

Activity: 118

Merit: 10

Of course, the potential for value increase in Binance's currency is based on Binance's success as an exchange. If the trading exchange can maintain its upward momentum from the level of the number one position in the trading volume within six months, the future will be quite bright for the Binance currency and for copper Binance money.
BNB with its skills will continue to make the market rise, and be the first to return to its all-time peak, BNB continues its journey to the top 3. This can certainly happen.

Red-Apple

hero member

Activity: 1470

Merit: 655

Binance Coin is pumped and it is pumped only because of the massive scale advertisement and hype that Binance has been doing over the past couple of months and the fact that their platform (the exchange) has been growing rapidly because the rest of them started scamming their users so they had to move their funds elsewhere.
like any other pumped coins, the bubble has to burst at some point and the price has to drop.

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