Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Binance Smart Chain + Ecosystem => Binance Coin (BNB) => Topic started by: cryptochris1 on February 06, 2019, 02:49:28 PM
-
Binance Coin (BNB), the utility token of the Binance’s ecosystem, has surged by 15% today, hitting the price of $8 per coin at the time of writing, with a daily high of $8.5. The currency is also up by 15% against BTC, and 17% against ETH according to CoinMarketCap.
The sudden growth of BNB has brought the coin for the first time to the list of top 10 cryptocurrencies by market cap, with a current market cap of $1.13 Billion. The coin currently holds the respectable 10th place, replacing Bitcoin SV.
BNB: A Real Utility For Binance Users
Binance Coin has performed relatively well ever since its launch because it was created and launched by the largest crypto exchange in the world, Binance. It has seen a lot of use within the exchange, as using it provides benefits such as a discount on trading fees. However, the more recent reason for the sudden growth could be related to the fact that Binance Launchpad is back, with one successful launch from the past week.
Binance Launchpad is an initiative platform that enables Binance users to participate in fundraising for new cryptocurrencies that meet high criteria set by Binance analysts. The Launchpad has been around for a while, although it was inactive ever since the current bear market took hold over the crypto space in January 2018.
The Launchpad recently returned in 2019, with the launch of BitTorrent Token (BTT), which took place on January 28th. The crowd sale received a massive amount of attention and demand and finished its rise within 18 minutes. The sale would have likely been over within seconds if not some technical issues with the platform which did not expect such a large number of eager investors.
The Return of The Launchpad
While the initiative is supposed to hold one token sale per month, so far, only two coins were announced. The first one was BTT, while the second one is Fetch.AI (FET), with a launch scheduled for February 25th, 2019.
The return of the Launchpad was also taken as a sign that the ICO model still has supporters within the crypto industry. Meanwhile, investors have started purchasing additional amounts of BNB, likely to being used in the Launchpad’s future crowd sales, and the demand is already affecting the coin’s price.
source: https://cryptopotato.com/binance-coin-bnb-surges-15-enters-the-top-10-largest-cryptos-by-market-cap/
-
Getting on the Coinmarketcap radar in the top 100 is already good and Binance is in the number 10, which is amazing.
Considering the price of Bitcoin is very far and expensive but it is also in the top 10, we are already grateful.
Trust me, because cryptocurrency is always miraculous and this is a good thing to do because Binance is such a great coin to invest in the cryptocurrency market.
-
But now Binance coin dumped another 15%. I m holding a huge amount of bnb for future investment. Surely it will pup sooner or after. Why do u love bnb so much?
-
Why do u love bnb so much?
I think you idolize Changpeng Zhao honesty, right?
I find the CEO of Binance very honest, open and very friendly. Evidenced by his Twitter account which is always active providing the latest information from Binance.
I also actually feel amazed towards Changpeng Zhao because he was able to make the number 1 Binance Exchange in the entire cryptocurrency world.
-
Changpeng Zhao is smart person. He is so dedicated that he really want to increase BNB by making influence . We all know that influence really works in many different ways.
-
Everything might be on Changpeng Zhao's mind.
Starting from him, Binance was able to quickly increase in price and was easily recognized worldwide.
I feel this way because I trade on Binance a lot and it is an honor for me to continue to praise Binance because I trade there with a lot of profit.
-
Binance deserves to go up in price because Binance always opens the door for the latest in cryptocurrency. This is why Binance enters to the top 10 Coinmarketcap.
Now what is trending is DEX which always prioritizes Swap, where this exchange is so fast and only we can use it with the Private Key.
Binance then innovated to release a new system on Binance.org and was later followed by various platforms such as Pancake , Bakery and Venus for DEX and Swap.
-
In fact, for now, BNB is more than 15% of the price increase in various markets because this BNB is truly extraordinary for its marektcap.
At the time the OP wrote this thread the price for this BNB was around 8 USD and now the price for this BNB is more than 300 USD, this is really beyond expectation because BNB has already exceeded hundreds of percent of its increase.