Topic: What's going on [BNB] Binance Coin. +14% up - page 3. (Read 523 times)
Binance coin is not really a crypto currency. It is like owning a share in the Binance company. If you follow how Binance coin behaves, you can see that it acts much more stable in times when BTC goes down. I am not surprised at all that it goes the other way from all the other altcoins. People use Binance coin like USDT or USD or any other stable coin to preserve the value of their altcoins when trading.
it's as simple as this.
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.
He pumped his own coins by buying a lot of them. End of manipulation.
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.
He pumped his own coins by buying a lot of them. End of manipulation.
I actually saw the uptrend on BNB today even when the market is red relatively. I think it's associated with the developmental plans from Binance labs, gearing towards their own blockchain coupled with the quarterly burn of BNB. If Binance develops their own blockchain (Binance Chain) , it will be a plus for BNB.
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.
Everything is red across the board but Binance Coin seems to have a mind of it's own.
Any idea what caused this surge?
. Whales are just playing with us. 
BNB coin reflects binance exchange grown and constant development. They are always adding new features:more stable coins, credit card, Fiat deposits, etc...
They are doing a very good job and it reflects in token price, as the token is used to pay fees inside the growing exchange.
They are doing a very good job and it reflects in token price, as the token is used to pay fees inside the growing exchange.
The exchange is now accepting credit cards which means more funds put in the exchange, more transactions, more fees using BNB...
Don't get in FOMO. Currently the overall market state is very bad so BNB could drop at any time after that pump. I think this surge happened because of news about binance DEX and binance jersey release.
Man if you keep seeing things in crypto from this perspective of " what's going on with this or that coin ", then you better forgot about crypto lol.
BNB or any other kin of crypto is till controlled by supply & demand & this i like 1000% away from fundamentals or having some "major news ", YES crypto can move just like that without any LOGIC reason, even shit coins can o that sometime & in the worst blood bath too.
BNB movin 14% in the green won't make it " SPECIAL " or there must be something " GREAT " going on with BNN, it's just crypto man, manipulated like crap till things gets more clear.
BNB or any other kin of crypto is till controlled by supply & demand & this i like 1000% away from fundamentals or having some "major news ", YES crypto can move just like that without any LOGIC reason, even shit coins can o that sometime & in the worst blood bath too.
BNB movin 14% in the green won't make it " SPECIAL " or there must be something " GREAT " going on with BNN, it's just crypto man, manipulated like crap till things gets more clear.
The trend is started probably on 5 feb, so its probably because of this https://twitter.com/ErikVoorhees/status/1092447324998111232. But idk just guessing.
Its normal for some coins have green when a lot coins on red. For example, you can go to https://coinmarketcap.com/gainers-losers/ and you will see some coins that got green when a lot coins got red.
Its normal for some coins have green when a lot coins on red. For example, you can go to https://coinmarketcap.com/gainers-losers/ and you will see some coins that got green when a lot coins got red.
Everything is red across the board but Binance Coin seems to have a mind of it's own.
Any idea what caused this surge?
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