What's going on [BNB] Binance Coin. +14% up - page 2.

79b79aa8d5047da6d3XX

full member

Activity: 660

Merit: 101

Colletrix - Bridging the Physical and Virtual Worl

Quote from: Amalker on February 09, 2019, 04:54:38 AM

There are several reasons, why BNB is going well:
1. Binance will start their own BNB blockchain very soon.
2. Binance launchpad will launch a new ICO every month.
3. After success BTT ICO many who want to participate in Fetch ICO.
And CZ with his Binance maybe only one person, who make at least something on this falling market. It deserves respect.

These are the information that has helped binance coin price increase in recent days. especially binance will launch a new ICO in late February after ICO succeeds BTT at the end of January. I am confident that the Binance price in 2019 can increase to 30 $

BitcoinHodler

hero member

Activity: 1456

Merit: 579

HODLing is an art, not just a word...

since there is nothing special going on with this coin there is no reason for it to rise and because of that the rise is purely a pump. you can always find weird news to connect to the pump but the facts remain that it was a pump and as we can see now the pump didn't last that long either and the dumping part started already.

TimeTeller

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Activity: 2744

Merit: 588

Quote from: Herbert2020 on February 09, 2019, 02:57:04 AM

Quote from: Ucy on February 09, 2019, 02:30:16 AM

Just checked it. It already trading at about 8 dollars. Wonder what caused this?
BNB is not so called sitcom. It is a cryptocurrency with fair use case. I believe the coin will also be used on their decentralized exchanges. It is worth buying at a low price.

the only use case of it is on their platform as some sort of reward system, so i wouldn't call it a "use case" exactly. unless i am missing something. even if it is used on their decentralized exchange as long as you can't use it elsewhere and withdraw,... it is not useful

as for the price, like any other altcoin BNB also gets pumped and dumped. so its rise isn't really surprising.

I'm with you regarding your opinion on this matter.
I don't see any special happenings going on with BNB.
Pump and dump scheme has long been a strategy of so many coins.
The only good thing here is that BNB has use case within their system and they have real company backing them up.

Nwankwobtt

member

Activity: 487

Merit: 10

Quote from: Qcrypto on February 06, 2019, 12:32:32 PM

Everything is red across the board but Binance Coin seems to have a mind of it's own.

Any idea what caused this surge?

Apart from the recent positive news in the market, you must know that Binance recently burned some of its coins and how conducts IEOs (Initial Exchange Offerings) for top hyped projects like Bittorrent and FetchAI and participants can only buy with Btc or bnb and this has caused increase in bnb demand

batang_bitcoin

hero member

Activity: 3080

Merit: 603

It's not exempted.

Bitcoin increases, BNB and other altcoin increases. This is what's happening right now, majority of the altcoins are taking the benefit of bitcoin's increase. Demand for bitcoin increases and so for other altcoins including BNB.

Jating

hero member

Activity: 2842

Merit: 772

Probably another good news that pushed the price of BNB to spike in the last couple of days.

And now there's a rumor on Bitcoin ETF approval, that's why the price of bitcoin and the rest of the crypto is up 7%-15%, so I'm sure BNB will still continue to rise and ride the wave of this positive sentiments right now.

And I agree that BNB is a promising coin because of the huge confidence of investors to this crypto exchanges.

hrunya102

member

Activity: 546

Merit: 11

The volume of trading on the market has grown significantly in recent days, it seems people are buying promising tokens, this is my opinion.

mangsitin

full member

Activity: 546

Merit: 100

Quote from: gudjhonson on February 09, 2019, 05:11:05 AM

Binance is able to provide good and fast service so that it can expand quickly, investor confidence is quite good and continues to increase.
Looking at the stock market is good support to continue to grow.

Yes, I think BNB coins are coins that have good potential, because this coin is a coin from the original Binance exchange market, so many investors invest in this coin, and of course the price goes up very much, because this coin is indeed good.

KeikoSimone

newbie

Activity: 51

Merit: 0

Binance Top Crypto Exchange
Binance Chain
Binance DEX
Binance Launchpad
Quartely Tokens Burning
Deflation supply

Network impact will be huge on Binance Chain, BNB value will increase as more transactions takes place on platform

and Many top erc20 tokens will move to Binance Chain (Confirmed by Binance CEO)

1 second Block time, 1 Confirmation, that's Instant transactions.

To Create a token on Binance dex, you need $100k, which will increase the demand for BNB

Every quarter average of 3.5 Million tokens get burned, which reduce supply.

More use cases for BNB coin, most merchants would like to accept BNB as a payment

Do you still need more reason to invest in BNB?

gudjhonson

member

Activity: 434

Merit: 10

Binance is able to provide good and fast service so that it can expand quickly, investor confidence is quite good and continues to increase.
Looking at the stock market is good support to continue to grow.

Amalker

sr. member

Activity: 826

Merit: 250

There are several reasons, why BNB is going well:
1. Binance will start their own BNB blockchain very soon.
2. Binance launchpad will launch a new ICO every month.
3. After success BTT ICO many who want to participate in Fetch ICO.
And CZ with his Binance maybe only one person, who make at least something on this falling market. It deserves respect.

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: Ucy on February 09, 2019, 02:30:16 AM

Just checked it. It already trading at about 8 dollars. Wonder what caused this?
BNB is not so called sitcom. It is a cryptocurrency with fair use case. I believe the coin will also be used on their decentralized exchanges. It is worth buying at a low price.

the only use case of it is on their platform as some sort of reward system, so i wouldn't call it a "use case" exactly. unless i am missing something. even if it is used on their decentralized exchange as long as you can't use it elsewhere and withdraw,... it is not useful

as for the price, like any other altcoin BNB also gets pumped and dumped. so its rise isn't really surprising.

suprex333

full member

Activity: 462

Merit: 100

Binance became popular and good for investment, coins that became popular and had unexpected progress. Binance became a place of exchange that began to innovate and become famous, so many crypto communities began to believe it and a platform that would develop slowly but surely.

Ucy

sr. member

Activity: 2632

Merit: 403

Bisq is a Bitcoin Fiat Dex. Use responsibly

Just checked it. It already trading at about 8 dollars. Wonder what caused this?
BNB is not so called sitcom. It is a cryptocurrency with fair use case. I believe the coin will also be used on their decentralized exchanges. It is worth buying at a low price.

BlackPanda

legendary

Activity: 1414

Merit: 1001

Quote from: malekbaba on February 06, 2019, 02:57:55 PM

Binance may fall real hard after the recent pump. Crypto market is quite risky now cause no one knows what will come next. Binance launched new trading platform that allows user to exchange from crypto to fiat , in Jersey. Binance Dex also attracts loads of crypto lovers. It has taken economic model based on increasing demand and reducing the supply. BNB is the true token to HOLD.

Sometimes the situation is unexpected. However, Binance coin still has good prospects in the future.
With the support of a very strong platform, it is very likely that binance coins can have stable prices and even continue to increase in the future.
Hold is a good choice and we must be patient in facing situations that sometimes do not support.

bigatenz

member

Activity: 132

Merit: 17

Quote from: Qcrypto on February 06, 2019, 12:32:32 PM

Any idea what caused this surge?

Also happens that in Bittorent tokent too, BNB is a exchange token and controlled by the largest crypto exchanges in the world what we expect it will be pumped in short period of time.
Also check out this too https://bitcoinexchangeguide.com/ex-tron-employee-says-justin-sun-and-changpeng-zhao-pumped-trx-and-bnb-during-btt-ico/amp/

aundroid

legendary

Activity: 1232

Merit: 1247

Quote from: Piskeante on February 06, 2019, 03:22:02 PM

Shit unknown coin. Low amount of supply. very cheap. A whale buys the coins. As much as possible. The coins are not available on the market. According to offer & demand, the price pumps. Then , after a "bait" for others to fall in the bulltrap, the whale sells.

bnb ist not some unknown shitcoin Cheesy

pump and dump usually works better with low volume coins and not with >100M daily volume Wink

You should maybe start DYOR on binance. cz is BUIDL'ing all day Cool

Lagduf

sr. member

Activity: 1162

Merit: 260

Quote from: kenzawak on February 06, 2019, 01:59:36 PM

The exchange is now accepting credit cards which means more funds put in the exchange, more transactions, more fees using BNB...

Not only these factors but remember binance launch pad that used binance token as the main crypto to funding the project and that gives a significant pump to the binance token if there was an ICO that launch on binance launch pad that raised some millionds dollars.

Qcrypto

member

Activity: 339

Merit: 15

Quote from: kenzawak on February 06, 2019, 01:59:36 PM

The exchange is now accepting credit cards which means more funds put in the exchange, more transactions, more fees using BNB...

Fees are pretty high for credit card transactions.

Pablito89

full member

Activity: 378

Merit: 104

It happened for some "pump & dump" actions. Do not join this coin right one, you can hurt yourself.
I like Binance, but I won't ever support their coin.

Topic: What's going on [BNB] Binance Coin. +14% up - page 2. (Read 502 times)