What is the reason for Binance price increase?

Meryn

full member

Activity: 248

Merit: 100

Quote from: khiholangkang on August 08, 2019, 03:15:01 AM

The price of Binance (BNB) rise due to Binance Launchpad
The IEO project in Binance on average always gains success, and for those who want to buy tokens on the Binance launchpad are required to hold BNB tokens for a certain period of time, I think that's what keeps BNB prices going up

I agree with you. Every time there is a new ANN, sometimes the price of BNB goes up, depending on the ANN that was launched. Like WIN yesterday, the price of BNB is not like now. Many people who did not take part in WIN. So the price of BNB rises depends on the ANN that appears.

FLHippy

full member

Activity: 784

Merit: 101

Because people are buying Binance coin to participate on IEO sales on Binance Launchpad.
You can´t buy IEO tokens with BTC, only wth BNB. Wink

Menawi12

member

Activity: 700

Merit: 10

Quote from: labenea on August 13, 2019, 03:16:38 AM

a definite reason because many people invest with altcoin binance. so the price of their coins has risen, besides that there is a lot of positive news about them and maybe this is also one of the reasons that affects investors today so many people are taking part by investing in binance.

I agree that positive news about BNB Coin provides good sentiment for investors. Binance is the biggest exchanger at the moment, and binance is always developing platforms and also BNB coins, this makes investors believe that BNB Coin can penetrate the top 5 coinmarketcaps

javanx3d

copper member

Activity: 147

Merit: 0

Well, all about projects and continuing to grow which they have been doing better than most at the last few years. Will be interesting to see where BNB goes!

labenea

jr. member

Activity: 327

Merit: 1

The Standard Protocol - Solving Inflation

a definite reason because many people invest with altcoin binance. so the price of their coins has risen, besides that there is a lot of positive news about them and maybe this is also one of the reasons that affects investors today so many people are taking part by investing in binance.

TheClownSong

sr. member

Activity: 1428

Merit: 251

Quote from: Prateek_sharma on August 08, 2019, 03:04:05 AM

Well!1 Popular cryptocurrency binance price has increased very well as compared to the other altcoins, this means binance is showing positive signs for the investors.

As binance is developing every day after the binance hack.

What's your take on this?

Maybe the price of Binance Coins always goes up because of increasing investor confidence. The continued development of DEX and the increasing number of projects using BNB Chain has increased the demand for BNB Coin. I think BNB Coin is indeed a profitable investment for the long term and maybe at the end of the year, the price can reach $ 50

SquallLeonhart

legendary

Activity: 2464

Merit: 1102

Quote from: Prateek_sharma on August 08, 2019, 03:04:05 AM

Well!1 Popular cryptocurrency binance price has increased very well as compared to the other altcoins, this means binance is showing positive signs for the investors.

As binance is developing every day after the binance hack.

What's your take on this?

Anytime that Binance increases in value, it does not always surprise me and I don’t think we need any reason or to know why Binance is increasing because Binancehas already established lots of projects that are meant to have real use case and they have been working.

Since they have real use case, people would always demand for it, and the more people needs one or 2 of their product that is constantly being needed, then we can expect that their coin value also will constantly be increasing, except there are few people that will pull back to sell their own coins, but as they sell also, there is also a corresponding demand to buy back that will make their value not to dump and then keep increasing. Binance will increase more now as people are picking more interest in IEO project.

beerlover

legendary

Activity: 3038

Merit: 1188

I think the main reason will always be activity for these coins. Not just binance coin but it applies to all other coins. Teams basically just create a coin, work really hard until they create it and then publishing it, then they really work hard during the first months and all, after 6 months there is no team around. Everyone just holds the coin and expects something to happen while some people start selling and there is no buyers which makes it go slowly down and down until its really low.

But, when we find a coin that has a team working really hard for the coin itself then it really makes the worlds difference, it feels like you are actually making a difference and the coin actually worth something instead of it looking like about to die. I personally care a great deal for what the team is doing.

Vishnu.Reang

sr. member

Activity: 1988

Merit: 453

I would be more careful with BNB now. Binance is not doing that good recently. First, they were hacked and thousands of BTC were stolen. Then they had to deal with some guy who had access to KYC data of more than 60,000 Binance users (and this hasn't been sorted out till now). I have no complaints about the development. But they need to focus on security.

Msworld83

copper member

Activity: 448

Merit: 0

StableDex | Decentralized, Secure & Cost Effective

It is very clear that binance host every month ieo with is another strategy to make it coin stable regard market price and the early surge came in respect of new ieo coming soon which any participants need to hold a range of bnb for some days and any one who don't have will also like to buy and that gives return to its surge.

Endikadija

hero member

Activity: 1458

Merit: 509

The price of a token is increasing a lot due to the role of tokens in the platform. The token can be used in various things like participating in IEO, Fees discount and both can be considered as utility usages from the binance coin.
That makes people are interested to buy more binance. They are thinking binance coin has a very important position and this is why the binance coin is increasing sharply.

Lexurdania

member

Activity: 840

Merit: 10

Quote from: Prateek_sharma on August 08, 2019, 03:04:05 AM

Well!1 Popular cryptocurrency binance price has increased very well as compared to the other altcoins, this means binance is showing positive signs for the investors.

As binance is developing every day after the binance hack.

What's your take on this?

The price of binance coins reaches the highest price in the middle of the bear market. This shows that investors believe that BNB Coin and DEX have just been launched. I think, if we hold BNB Coin for the long term, we will see the price of BNB Coin at $ 50

Aryleeto

jr. member

Activity: 406

Merit: 1

Quote from: Prateek_sharma on August 08, 2019, 03:04:05 AM

Well!1 Popular cryptocurrency binance price has increased very well as compared to the other altcoins, this means binance is showing positive signs for the investors.

As binance is developing every day after the binance hack.

What's your take on this?

Binance is a leading exchange , and all the tokens that fall on this exchange are growing very much , especially now the bnb coin is growing , due to the fact that they pass very often ieo and this pushes the exchange to be in the top.

pixie85

hero member

Activity: 2184

Merit: 531

The reason for this is greed and FOMO. It would be good if the price grew by 100% but 400? This is FOMO nothing else. The token is not revolutionary or anything but it's really overpriced despite that hack that binance fell victim to. People are overestimating binance just like they overestimated gox. History is repeating itself.

[btc]YSG

jr. member

Activity: 238

Merit: 3

The reason for Binance token price increase is the Binance trading platform, The token is backed by Binance which is the biggest cryptocurrency exchange in the world, nothing less than an increase should be expected from BNB.

Bonwin

member

Activity: 798

Merit: 38

This is an indication that Binance is not moved and neither is it perturbed by what news might be going round about it.
This does not stop any development, which is why BNB will not also stop growing. Investors have realized the potential in it and what it has to offer. These and may more will make it to keep growing.

flemmings02

jr. member

Activity: 182

Merit: 2

Binance is follow the trend of other cryptocurrencies, It's just a minor increase and if look at the past week it was on decrease. Until there is an increase to $35 that it initially was before the first binance hack, it's not an increase.

labuan

sr. member

Activity: 686

Merit: 251

Many people believe to investing and trading on binance, because binance is very simple than many other exchange and i think binance will always be the king of Exchange, with good system and best team.

Reid

hero member

Activity: 3024

Merit: 651

That is what you will expect from 1 of the top 5 exchange out there. If not, then they should not be taking that rank.
Even with downsides they can still manage to maintain the value of their coin.

What else should you use but BNB to exchange in a cheaper price and also have the opportunity for it to grow like one of the top altcoins there.
It is good that is has usage unlike other altcoins which are just idle.

thiscomm

jr. member

Activity: 224

Merit: 2

I feel that the development of binance has always been good in the stability and development of their prices. binance is great for investors giving their funds to invest. I noted that in 2018 binance and doge were the masters of the most stable crypto price segment. although both of these crypto have lower prices than ETH. but if binance always stabilizes and develops its price as it is now, it is not impossible if later Binance can shift the position of ETH in the second rank.

Topic: What is the reason for Binance price increase? (Read 587 times)