What is the reason for Binance price increase?

Meryn

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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.

Turkish88

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I am sure its IEO hype and nothing more, this is the reason why i dont buy bnb.
I think soon scm ieo's kill this crowdfunding method

Viceroy

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Binance does not stand still and every day it becomes a little better. Their desire to remain the best and the ideas that they implement affect the price of their coins.

Soberb

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The sole reason for the increase of Binance Coin is Binance exchange. Binance exchange has received unprecedented support from the community and traders in a short span of time. It has also managed to satisfy its customers. I love this exchange.

Oyarebu

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In addition to what others have commented before now of the reason behind the Binance price rise, I would like to add this that, we shouldn't forget the true power of Binance when it come to cryptocurrency, they have mite IEOs this days and all of these IEOs are expected to buy their tokens and also, their content are been promoted by one of the reputable content promoters.

shiming

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I want to say that Binance is very suitable for novice operations, marketing, and of course the team's technical strength is also very good. Many people like this trading platform. BNB prices have risen. I think the most important thing is because of the implementation of IEO.

knuckey

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first launched, binance same as other exchanges that use other platforms for its tokens, but now they have evolved into one of the top coins and they already have their own blockchain. binance also always provides the latest innovations, such as IEO and DEX, this has attracted many investors and triggered rapid growth for BNB.

Bananington

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The recent price soar of BNB is obviously because of the PERLIN IEO on Binance launchpad soon. People are taking position in order to get in the IEO since from the records, Binance IEOs have been profitable. We should see a slight dump after the IEO as always, but not certain anyways.

rijaljun

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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?

I think it is because for now there is no strong competitor for Binance but nothing last forever, I do believe that there will be an exchange to take over Binance and Binance itself will be like other ex-popular exchanges.

freedomgo

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BNB delivered their promise unlike other projects, also their exchange is dominating in terms of trading volume so that also attract people to invest.
It cannot be denied that BTC has grown multiple times this year already, in fact it reached 35 usd this year which is its highest while it can only be bought at 6 usd a piece during the start of the year.

If we look at the graph, we can see that the growth is very consistent and that says this is a solid coin and and solid investment.

umbara ardian

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Quote from: ?? on ??

I guess the reason why BNB is increasing maybe because of the popularity of exchange and most of IEOs in binance were successful, so investors interested to invest in BNB.

Exactly, as I watched, BNB prices always increased after they announced IEO a new project. And this time is the same as many times before. And I think this is the only reason why BNB has been continuously increasing until now

Marble777

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in my opinion binance can be said as the second largest altcoin besides ethereum, why? because binance has good development, many people talk about it. on the one hand I am also one of the holders of altcoin binance and I believe binance has great potential for long-term investment.

timmmers

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Binance coin is growing because Binance as a company is sucessful. No matter that market situation is bad, Binance exchange is earning from fees and from this earnings they can support the price of their coin.

coaprotet

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All of their announcements together, margin trading, dex launch, successful launchpads and much more. But right now, people are buying BNB tokens to be eligible to take part in the next Launchpad lottery which is around the corner.

Handsome Boy

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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 coin can increase because,
1. the team always works well and of course always makes Binance project have progress every time;
2. Binance is the largest cryptocurrency exchange;
3. Binance has a high and real volume;
4. many successful projects using IEO in Binance.
so that makes the price of Binance can increase very high and I sure the price of Binance will continue to rise until whenever.

nemey

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I'm sure that the prospect of Binance coin is very high, moreover, it comes from the best exchange of cryptocurrency in the world. Many people put their trust and guidance as to the market cap in Binance. That is why the value of the exchange will also influence the value of its coin. Moreover, BNB also has a good concept as the altcoin, with its system and continuity.

Belianez

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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?

This exchange is very much developing the product , and also very often pass the ieo , and to participate in them you need to keep the BNB token.

cryptolover11

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Binance (https://www.crypto-rating.com/cryptocurrency-exchanges/binance/) launched an IEO, could be one of the reasons for the increase, and they have been promoting their project. I think it has pretty good potential honestly

kawetsriyanto

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Do you mean the price of Binance Coin (BNB)?
Well, definitely, Binance coin is a new cryptocurrency, but it has entered the top 6 coins in the coin market cap, defeating some older and trusted coins such as XLM, TRX, EOS, and others.
I'm sure that the influence comes from the trust of the investors or token holders to the Binance platform. Nowadays, trust is very importat to mkae certain coins can be accepted by the crypto world. Binance is a big exchange, the first big popular one. And of course, there is no doubt that many people bet that this coin can be more and more valuable, as long as the increasing quality and condition of the Binance exchange

LogitechMouse

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In my opinion, these are the reason why Binance is slowly increasing.

Large community - it has a large community therefore, the volume on the exchange is high since many traders are using Binance.
IEO - The launching of IEO in the exchange helps too in the increasing price of it.
Token Burn - I think they are doing this annually if I'm not mistaken. Decreasing supply and larger demand = higher price.

Khuongcute2503

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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?

I think they pumped up so people can think positively for their next IEO. Binance's promotion is really remarkable. I like them. However, I still do not like to join the IEO

J1mb0

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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?

In the past 1 day, BNB price has increased to $ 4. This is really great for buyers and hold it. In addition, the reason BNB rises so strongly is because they have just announced the new IEO project, which has FOMO to help increase the BNB price.

Shallow

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Well, isn't it evident? Taking a look on the platform shows that the team is actively working with results to show for it and this is what drives investors into investing in any platform or project. Therefore, with Binance constantly improving their products and services will keep making their coin valuable.

HodlerKing101

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I'm having no doubts regarding their price increase, considering that they are the top and go-to exchange for everyone in the market, for both projects, and investors. They're also listing quality coins that already have an actual user base of people which will help Binance onboard new users. Those factors right there will for sure help BNB's price in the long run.

Red-Apple

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of course when you zoom in so much that you don't see anything past the 24 hours, it would look like a "price increase" but if you zoom out to a normal view you can see that this current rise is just a dead cat bounce where the price is recovery from the 50% dump that occurred recently.

the only time you can call it a pump is if it goes back to 0.05 again. and it currently is around 0.025

globalking

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its all about the people faith in Binance exchange that the reason the price of Binance coin going up while the rest of the altcoins are going down.

ivaf

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Why are you surprised? Binance is now one of the most popular trading floors. It occupies a leading position. Of course, the price of a coin follows these trends.

passwordnow

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We must simply acknowledge that whenever the price of a certain coin goes up, it's a typical market motion.
Binance goes up and it's demand has increased for the meanwhile and if there might be some reason it's just the people who's accumulating and buying Binance coin.

RondoAnyar

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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?

I see if binance is now one of the best exchanges with large volumes. in terms of price, binance has advantages over other exchanges. so I think binance is now a natural thing if binance has a better improvement than others.

Peterdav

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I don't know why Binance price increase highly, i think Binance have a good development in their project. And their have many great IEO project which requires investors to hold BNB Coin before invest in IEO on Binance Launchpad.

marks1976

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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 doing better and better every day. but i can't even see something big that has been made a bull trend for binance. it looks like the bulltrend of binance coin caused by the perlin project.
It seems like binance is more transparent right now.
People are feeling happy if the binance leaked ID just another FUD.

khiholangkang

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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

yazher

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Binance coins have the potential to grow because of their active developments, this is no longer new. judging by the price today it is the same as the other coins that have the same popularity with BNB coins. some will follow its footstep and it will also increase its price in the near future.

iam_aayushiJ

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I think it is increasing because coinpedia is promoting their content. Anyway, keep doing the good work.

Prateek_sharma

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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?

Topic: What is the reason for Binance price increase? (Read 588 times)