Will Binance sponsorship on Lazio affect BNB price?? - page 2.

Bonenx14

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Quote from: Shasha80 on April 14, 2022, 04:26:50 AM

I agree with you, Binance sponsoring Lazio will not have a big effect on the price of BNB in the market. Because Binance's goal of sponsoring Lazio is
to get people to get to know the Binance exchange and try to use it. Perhaps the effect will be to increase the number of visitors to the Binance platform,
there is a possibility that the number of new users will also increase. While the price of BNB will not be so affected by Binance sponsoring Lazio,
to make the price of BNB go up of course they have to promote it in a different way. So if someone buys BNB because they think the price of BNB will
pump up after Binance becomes Lazio's sponsor, that's wrong thinking.

I think that Binance already has a strategy in place about the benefits of sponsoring Lazio, so there's no way they're paying a fortune if there isn't careful consideration of sponsorship decisions to the point of millions of dollars. In addition, crypto.com is also actively sponsored in sports, especially the UFC. Then the more platforms sponsoring big teams, the more support from the public will be and they will be willing to be part of the new community in crypto.

andyou1234

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I think having a binance sponsor in lazio football club, is one of the attractions of binance, and a stepping stone to be able to influence the price of binance in the future, but I think if binance can cooperate with other big clubs in the english league, spain, Germany, France and Italy, then the opportunity to grow taller is very wide open.

$anounimus$

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The world of sports has many places in people's hearts, especially football. however, I'm not sure how much of an impact it will have on BNB prices going forward as the current economic climate doesn't inspire much confidence for crypto prices as a whole, but let's hope there's room for growth regardless. Sponsorship is not something that is discussed openly with the public, so we'll have to see how it goes. The only way it might actually go up is if more people start buying BNB from places like exchanges, which I very much doubt is likely to happen immediately because of this one minor event.

sana54210

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Quote from: Pesona1 on April 14, 2022, 09:54:57 AM

Binance goal to become a sponsor certainly cannot be separated from their goal to promote binance to be bigger, I think the impact on the promotion will probably have an impact on BNB, although not too significant, because after all Binance goal is not only to form a partnership to promote increasingly making them famous, but behind that they also want BNB to be able to grow, increase or decrease in the price of bnb be influenced by the volume of transactions that occur in the market, but with this collaboration I think it will affect many people to find out what it is real binance, so that in the end people will know firsthand the relationship between binance with BNB, and in the end people will try to buy bnb in the market thereby increasing the volume of demand in the market.

I am not so sure that exchange sponsorship should be that much impactful when it is this little. Look at crypto.com, they have sponsorships all around the world, Lakers, F1, premier league, they have so many places that they have sponsored right now and it didn't work to make them bigger than Binance.

It did however helped them grow bigger, if we are comparing it to just how big they were and how bigger they are right now then it worked perfectly, but not bigger than binance. This shows the power of sponsorships, it means it can't make a place "that" big, it makes it big, but Binance is already at the top so I do not know how much they need it.

viananda2525

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for mid term his sponsorshib have several effects :
1. add binance's expsure at Italia espcially for Lazio fan.
2. this exposure will attract some fans or supporter curios about binance background and what binance is.
3. maybe some of them will interested investing in crypto market and use binance as decentralized exchange.
4. mid term price due massive growth user from this supporter will bring positive impact to bnb price.

goaldigger

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Quote from: usekevin on April 14, 2022, 03:41:43 PM

Binance sponsored with the tactical move.They hired huge amount of big brain for the project.So they doing the digital marketing and it’s one of the digital marketing.This will increase the users of the BNB.Surely the price of the BNB will increase to the very high value.So if you had the BNB,just hold it to get huge amount of the profit.

Binance wont enter into a deal that they will not benefited on that, so technically this partnership can be a big thing in the future and yes it can affect the price of BNB.

Good partnership always aim for the best result, BNB is very aggressive on marketing their platform and even if they are the top crypto exchange right now they didn’t stop marketing the exchange because they know, many are still not into cryptocurrency.

usekevin

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Binance sponsored with the tactical move.They hired huge amount of big brain for the project.So they doing the digital marketing and it’s one of the digital marketing.This will increase the users of the BNB.Surely the price of the BNB will increase to the very high value.So if you had the BNB,just hold it to get huge amount of the profit.

Pesona1

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Quote from: malcovi2 on April 14, 2022, 04:37:48 AM

Binance have been acquiring partnerships in major sports league last year which didnt have any effect on the price of BNB, i really dont see any big price movement with these new sponsorship also.

They also sponsored a Argentinian pro team but that didnt get any big effect. Probably its just Binance building connections for its business relations and not for the token valuation.

Binance goal to become a sponsor certainly cannot be separated from their goal to promote binance to be bigger, I think the impact on the promotion will probably have an impact on BNB, although not too significant, because after all Binance goal is not only to form a partnership to promote increasingly making them famous, but behind that they also want BNB to be able to grow, increase or decrease in the price of bnb be influenced by the volume of transactions that occur in the market, but with this collaboration I think it will affect many people to find out what it is real binance, so that in the end people will know firsthand the relationship between binance with BNB, and in the end people will try to buy bnb in the market thereby increasing the volume of demand in the market.

jaberwock

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Quote from: Ararbermas on April 12, 2022, 12:14:20 PM

Well it always depends on the demand in the market, however if afterwards the BNB price increased then it means investors are buying their token. but for me in my view, that's sponsorship on Lazio is not all about their token which is the BNB itself, wherein surely its all about exposure for their platforms and since BNB is the currency of binance of course there will be an impact as well.

There are investors that actively buying the coin and there existing traders of binance and they need bnb to use inside the platform so there is no way to tell if the increase is caused by the sponsorship or not. The bull market has also not started. People will think that increase is because of the sponsorship but the truth is it's only because of the bull run.

The binance trading platform is the one that is being promoted and not the bnb coin. If ever someone gets curious and visits it, they will see tons of cryptos, they can buy some of those cryptos. The promotion is helpful to boost the price of other coins, not only bnb. I like this move done by binance.

malcovi2

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Binance have been acquiring partnerships in major sports league last year which didnt have any effect on the price of BNB, i really dont see any big price movement with these new sponsorship also.

They also sponsored a Argentinian pro team but that didnt get any big effect. Probably its just Binance building connections for its business relations and not for the token valuation.

Shasha80

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Quote from: Teraboy on April 14, 2022, 02:59:13 AM

I never think if a sponsorship will be affecting the price of binance. Binance was paying to the lazio as a sponsor for its clue how in the hell this will be affecting the price of binance coin? in my opinion if people who are thinking like that didn't even understand what sponsorship means.
Cheesy

It's so funny to see that if OP was thinking like that. It seems he was missing something about that. This is giving a good impact for lazio as it will have new supporters from binance and binance will get a promotion from lazio

I agree with you, Binance sponsoring Lazio will not have a big effect on the price of BNB in the market. Because Binance's goal of sponsoring Lazio is
to get people to get to know the Binance exchange and try to use it. Perhaps the effect will be to increase the number of visitors to the Binance platform,
there is a possibility that the number of new users will also increase. While the price of BNB will not be so affected by Binance sponsoring Lazio,
to make the price of BNB go up of course they have to promote it in a different way. So if someone buys BNB because they think the price of BNB will
pump up after Binance becomes Lazio's sponsor, that's wrong thinking.

hyudien

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As a club sponsor, Binance has put the label right. Be it Lazio club or whichever club Binance will sponsor later. Because usually in addition to attracting sympathy and interest from fans, other investors who are interested in soccer clubs will inquire more about Binance. As for the impact on the price of BNB, I think it's still far away because what is written on the club shirt logo is an exchange where people will choose more coins they like. These can be BNB, BTC, ETH, and the coins available on Binance itself.

Teraboy

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I never think if a sponsorship will be affecting the price of binance. Binance was paying to the lazio as a sponsor for its clue how in the hell this will be affecting the price of binance coin? in my opinion if people who are thinking like that didn't even understand what sponsorship means.
Cheesy

It's so funny to see that if OP was thinking like that. It seems he was missing something about that. This is giving a good impact for lazio as it will have new supporters from binance and binance will get a promotion from lazio

SaveOurSea

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Quote from: domoy77 on April 12, 2022, 04:15:09 AM

Quote from: killerfrost on April 11, 2022, 09:50:25 PM

Of course it does, but it's probably not too big of a deal. For example, I think the most beneficiary side is the Lazio side. With the current popularity of Binance, there must be a really big influence. The resonance that will affect the price will be more obvious. For example, cooperation with the top teams, I'm sure it will have a much easier impact.

That's true because each of the top teams has a very large number of communities and fans so it can provide a bigger buying push also in the market which can be a very good thing for both parties and will certainly also be mutually beneficial. profitable in the future.

More precisely like that because with the sponsorship cooperation between Lazio and Binance it will be equally profitable,
In addition, Binance's entry into sports, especially football, has become another impetus for other exchanges to follow Binance

cryptoperkele

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Well i guess they know what they are doing. I never understood these fan tokens but they are probably releasing NFTs as well. What ever keeps the brand floating and people aware of it.

Quote from: kurniawan05 on April 12, 2022, 07:05:40 PM

If you don't increase the price directly, this will at least introduce Binance to Europe which will gradually strengthen the Binance price and increase the transaction value.

Binance is well known in Europe.

kurniawan05

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If you don't increase the price directly, this will at least introduce Binance to Europe which will gradually strengthen the Binance price and increase the transaction value.

Ararbermas

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Well it always depends on the demand in the market, however if afterwards the BNB price increased then it means investors are buying their token. but for me in my view, that's sponsorship on Lazio is not all about their token which is the BNB itself, wherein surely its all about exposure for their platforms and since BNB is the currency of binance of course there will be an impact as well.

JeffBrad12

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Binance sponsorship does so many impact to the price of token. In my opinion if this can be called as big thing for lazio caused by we know that binance was the biggest exchange site right now, The partnership has been triggering the price to go up a lot. This is how binance effect is.
BNB will not get any impact from this sponsorship. Binance was also creating more partnership with various team that has potential to give more awareness about binance.

domoy77

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Quote from: killerfrost on April 11, 2022, 09:50:25 PM

Of course it does, but it's probably not too big of a deal. For example, I think the most beneficiary side is the Lazio side. With the current popularity of Binance, there must be a really big influence. The resonance that will affect the price will be more obvious. For example, cooperation with the top teams, I'm sure it will have a much easier impact.

That's true because each of the top teams has a very large number of communities and fans so it can provide a bigger buying push also in the market which can be a very good thing for both parties and will certainly also be mutually beneficial. profitable in the future.

TopT3ns

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Binance looks active as advertising on several side from sport team at Lazio until last event on last Grammy Awards edition, I hope with Binance most active advertising with cryptocurrency get good respond from the world how to adopt bitcoin and altcoin as legal currency payment at the future although is not easy. But looks serious with Binance how to build good respond and looking for investor interested with cryptocurrency, keep continues with Binance advertising actually on several football team will give effect for BNB price and commonly will have potential bitcoin and altcoin touch higher price later.

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