If BNB will reach $500, what's next? - page 2.

Lanatsa

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Quote from: Shasha80 on April 15, 2021, 07:23:03 PM

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.

Shasha80

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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.

Cengghengmania21

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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

molsewid

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Quote from: Rampagoe004 on April 15, 2021, 07:34:53 AM

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.

Sled

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Quote from: bakasabo on April 15, 2021, 07:45:43 AM

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/)

bakasabo

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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 ?

Rampagoe004

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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.

slaman29

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Quote from: ScamViruS on April 14, 2021, 10:59:36 AM

Quote from: slaman29 on April 14, 2021, 10:40:04 AM

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?

LUCKMCFLY

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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:

Quote

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

Golftech

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Quote from: slaman29 on April 14, 2021, 10:40:04 AM

Quote from: lablab03 on April 14, 2021, 01:23:11 AM

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.

ScamViruS

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Quote from: slaman29 on April 14, 2021, 10:40:04 AM

Quote from: lablab03 on April 14, 2021, 01:23:11 AM

~~~

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.

slaman29

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Quote from: lablab03 on April 14, 2021, 01:23:11 AM

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.

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Quote from: Russlenat on April 10, 2021, 08:46:49 AM

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.

masterrex

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Quote from: Russlenat on April 10, 2021, 08:46:49 AM

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.

ven7net

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Quote from: Russlenat on April 10, 2021, 08:46:49 AM

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.

Japinat

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Quote from: Cherylstar86 on April 14, 2021, 02:17:00 AM

Quote from: Russlenat on April 10, 2021, 08:46:49 AM

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 would love to think that there's another speculations for bnb to aim for $1k when there's a good outcome after all pumps happening. Binance development gather more attractions to different holders who is not thinking to own binance as another potential asset. Missing this chance is a big regret for someone who doesn't trust bnb coin.

I trust BNB of course, however, to think that it will rise at $1k in a short period of time, I think that is 40% probability for me, and 50% drop is also possible at the current price, no problem for long term hold, but for short term, I'm not recommending it.

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Quote from: SUPERSAIAN on April 13, 2021, 07:42:06 AM

Quote from: SUPERSAIAN on April 10, 2021, 02:08:23 PM

Binance coin set its sights on the throne of ethereum. bsc network continues to expand at the same time, the volume during the day has increased enormously in recent months. I think the binance coin will reach the 1000 dollar price range very easily.

Yes, it has surpassed the price of 500 dollars and even ath has reached 640 dollars. Will the next target be realized?

I think the bsc network has a long way to go still

quite opposite I personally think that BSC is somewhat already on its peak, I mean with all the rugpulls from Defi and most of people already knows about it but not all project from eth migrating to BSC.

Quote from: Cherylstar86 on April 14, 2021, 02:17:00 AM

I would love to think that there's another speculations for bnb to aim for $1k when there's a good outcome after all pumps happening. Binance development gather more attractions to different holders who is not thinking to own binance as another potential asset. Missing this chance is a big regret for someone who doesn't trust bnb coin.

There definitely will be some people who gonna push further the ATH and hoping for $1K like how doge before even reaching the current price they already set $0.1 but the question is whether that price sustainable for long term or just flash pump.

Cherylstar86

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Quote from: Russlenat on April 10, 2021, 08:46:49 AM

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 would love to think that there's another speculations for bnb to aim for $1k when there's a good outcome after all pumps happening. Binance development gather more attractions to different holders who is not thinking to own binance as another potential asset. Missing this chance is a big regret for someone who doesn't trust bnb coin.

lablab03

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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.

elisabetheva

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Quote from: unusualfacts30 on April 13, 2021, 09:14:54 AM

next target lies around 660 after surpassing that it would probably head for above 800 range. They have burn event around the end of this month that is effecting the price unlike any other past burn events. I am seeing it is getting effected by the price of btc right now so we'll have to wait and watch until there is some stabilization in the market.

bitcoin did affect the increase, but if it didn't, BNB tried to increase it might not have formed ATH yesterday. BNB also plays an important role in providing full confidence for its holders to continue to understand and buy so that prices can increase.
Until the end of the year the BNB will continue to rise and for what you said $ 800 will be able to do over the next few weeks. even at the end of the year, the best BNB price will be formed, and we are waiting for it.

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