Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Binance Smart Chain + Ecosystem => Topic started by: Rockalo on June 24, 2021, 07:57:58 PM
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Binance Coin (BNB) is in a positive uptrend. The current uptrend is facing resistance at the $310 high. The resistance at $310 is the previous support from May 29. In that price action, the market rallied up to $420 high.
In today's price action, BNB is likely to face rejection at the recent high. If the price of the cryptocurrency is rejected at the recent high, Binance Coin will fall to $255. Moreover, the current uptrend is approaching the overbought area of the market. This will attract the emergence of sellers to push the prices down. On the other hand, if buyers overcome the resistance at $310, the cryptocurrency will rise to either $380 or $420. More information: please click here
(https://coinidol.com/binance-coin-resistance-310/)
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The Cryptocurrency market is not stable currently now BNB coin is uptrending but some how down 8% the price of BNB as of today is $315 dollar I don't really know what's going to happen next in the Cryptocurrency market if BNB could reach all time high in the coming months.
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We have seen the BNB price increase above $300 and I think the analysis from the source article above is correct, at the same time the price of BNB will increase along with the number of coins burned in July, we can see when BNB is in the first week of July the price it's already over $300 and I think when before CZ announced it, I'm sure the price will reach $400
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at the same time the price of BNB will increase along with the number of coins burned in July, we can see when BNB is in the first week of July the price it's already over $300 and I think when before CZ announced it, I'm sure the price will reach $400
Quarterly burn is a great event for BNB to take another bullish rally, but not sure this time as correction market is going on and we might see another downfall on bitcoin which might have effect on the price of BNB. But it could be a vice versa and BNB might again rebound to $400 or more just like you said if market take short bullish rally while burning is going to be happened.
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The current BNB's price is 310$. At the moment the near resistance point is at 315$. If BNB crosses that then It can go up and cross 360$. In this situation, all altcoins are following Bitcoin when it dumps. but all altcoins are not pumping with Bitcoin. BNB is also doing this. It comes down with BTC but not following BTC correctly when it goes up.
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BNB is taught every year. The price of these coins starts to rise from the time when more coins are burned. The future of these coins is very bright. The most prestigious exchange site in the world is Binance. BNB is a coin of this exchange. So no one needs to re-understand the popularity of these coins. Its future is very bright.
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BNB is taught every year. The price of these coins starts to rise from the time when more coins are burned. The future of these coins is very bright. The most prestigious exchange site in the world is Binance. BNB is a coin of this exchange. So no one needs to re-understand the popularity of these coins. Its future is very bright.
That's right, the supply available in BNB will continue to be burned every year, so it will increase the exchange rate of BNB. When BNB is burned it will make it difficult for people to get BNB. At least one of these methods can make the price of BNB increase.
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BNB is currently struggling to keep up with Bitcoin's increasingly strong movements. Indeed, the price of BNB also experienced significant drops in this market correction. even that is quite long. but luckily at least it was still above $500. This DNA is quite a good effort from BNB. Indeed, this particular coin exchange will always be special, regardless of the FUD associated with it, it will still be passed and eventually it will be successful again. Like now, even though it is not yet optimal, BNB performance is still much better.
Currently, the BNB price has reached a rate of $585, it's up and down. but this is a good strategy to start the bullrun again.
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BNB is currently struggling to keep up with Bitcoin's increasingly strong movements. Indeed, the price of BNB also experienced significant drops in this market correction. even that is quite long. but luckily at least it was still above $500. This DNA is quite a good effort from BNB. Indeed, this particular coin exchange will always be special, regardless of the FUD associated with it, it will still be passed and eventually it will be successful again. Like now, even though it is not yet optimal, BNB performance is still much better.
Currently, the BNB price has reached a rate of $585, it's up and down. but this is a good strategy to start the bullrun again.
Unfortunately market conditions are not good, many coins have seen their prices fall again, from this we know that a bull run is not easy to do. There must be strong support from several media that can provide good news about Bitcoin so that many people come in and provide support for Bitcoin again.
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Unfortunately market conditions are not good, many coins have seen their prices fall again, from this we know that a bull run is not easy to do. There must be strong support from several media that can provide good news about Bitcoin so that many people come in and provide support for Bitcoin again.
After Bitcoin price dropped to $56k, the prices of altcoins also follow it. Binance coin price also dropped quite a lot, but it still can survive above $500. Yesterday, BNB price crossed again $600 but now it drops again to $593. I think it is normal, BNB price must have the time for a correction. If we look at the price change of BNB coin, it looks quite faster. I don't doubt that BNB price can skyrocket again if BTC price can be above $70k again.
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Unfortunately market conditions are not good, many coins have seen their prices fall again, from this we know that a bull run is not easy to do. There must be strong support from several media that can provide good news about Bitcoin so that many people come in and provide support for Bitcoin again.
After Bitcoin price dropped to $56k, the prices of altcoins also follow it. Binance coin price also dropped quite a lot, but it still can survive above $500. Yesterday, BNB price crossed again $600 but now it drops again to $593. I think it is normal, BNB price must have the time for a correction. If we look at the price change of BNB coin, it looks quite faster. I don't doubt that BNB price can skyrocket again if BTC price can be above $70k again.
Everyone's hope is that bitcoin can return to $70k again, but that's all but impossible when there's no good news that can trigger investors to jump in and buy bitcoin again. The bullrun doesn't look like it's coming any time soon, but when prices fall like this it makes sense to buy again and once the price rises we can sell.
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Unfortunately market conditions are not good, many coins have seen their prices fall again, from this we know that a bull run is not easy to do. There must be strong support from several media that can provide good news about Bitcoin so that many people come in and provide support for Bitcoin again.
After Bitcoin price dropped to $56k, the prices of altcoins also follow it. Binance coin price also dropped quite a lot, but it still can survive above $500. Yesterday, BNB price crossed again $600 but now it drops again to $593. I think it is normal, BNB price must have the time for a correction. If we look at the price change of BNB coin, it looks quite faster. I don't doubt that BNB price can skyrocket again if BTC price can be above $70k again.
Everyone's hope is that bitcoin can return to $70k again, but that's all but impossible when there's no good news that can trigger investors to jump in and buy bitcoin again. The bullrun doesn't look like it's coming any time soon, but when prices fall like this it makes sense to buy again and once the price rises we can sell.
Bitcoin's movement is indeed in the $60K-$71K range, it has not increased, let alone penetrated its ATH, nor does it want to be corrected further. We have to be patient for the next few months to see what Bitcoin will do, but I think a correction may occur because it still has a long way to go until the end of this year and will continue to reach its latest ATH in 2025.
So there is a chance to buy again if there is a correction, but for now the price is $69K, so we don't know what bitcoin will do.
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Update on BNB price developments in the last few months.
BNB has experienced a significant increase and decrease. However, this is basically a strong coin and its market cap is high. So the flow just follows the movement of the Bitcoin price. So, it is clear on the graph that the decrease and increase in price are still very much in line with the movement of BTC.
(https://talkimg.com/images/2024/08/02/5PF9g.jpeg)
Anyway, BNB is also currently experiencing a fairly deep correction due to the price of Bitcoin which also experienced a correction after previously rising to a price of $ 70k. Currently, the price of BNB is at a rate of $ 555, quite down compared to a few months ago.
https://www.coingecko.com/en/coins/bnb
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BNB has experienced a significant increase and decrease. However, this is basically a strong coin and its market cap is high. So the flow just follows the movement of the Bitcoin price. So, it is clear on the graph that the decrease and increase in price are still very much in line with the movement of BTC.
Yep. BNB price is experiencing big increase and decrease. If you learn it carefully, the price of BNB was only around $300 in the early of 2024 but it can skyrocket and reach $720 in June 2024. A new ATH of BNB has been created 2 months ago, some BNB holders may already take profits. Those people who bought many BNB coins at very cheap price when CZ got a problem with SEC, they are very lucky. If BNB coin can follow Bitcoin trend, the price of BNB is not impossible to reach $1k when Bitcoin cross $100k. By the way, no doubt the chart showed it very clearly about the price change on BNB coin.
(https://talkimg.com/images/2024/08/02/5Pvm2.jpeg)
Source: https://coinmarketcap.com/currencies/bnb/
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The current BNB's price is 310$. At the moment the near resistance point is at 315$. If BNB crosses that then It can go up and cross 360$. In this situation, all altcoins are following Bitcoin when it dumps. but all altcoins are not pumping with Bitcoin. BNB is also doing this. It comes down with BTC but not following BTC correctly when it goes up.
At this time, 3 weeks ago when you posted this, the current price of BNB was $310, but today we have BNB increased to $550 currently. That's the power of hodling potential coin in this time the bull run is getting starting. However, I see a brighter year for those hodling BNB. BNB is going to fetch them many profits without doubts.
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The current BNB's price is 310$. At the moment the near resistance point is at 315$. If BNB crosses that then It can go up and cross 360$. In this situation, all altcoins are following Bitcoin when it dumps. but all altcoins are not pumping with Bitcoin. BNB is also doing this. It comes down with BTC but not following BTC correctly when it goes up.
At this time, 3 weeks ago when you posted this, the current price of BNB was $310, but today we have BNB increased to $550 currently. That's the power of hodling potential coin in this time the bull run is getting starting. However, I see a brighter year for those hodling BNB. BNB is going to fetch them many profits without doubts.
There has been a very significant movement for several years after the bearish time after the peak of the bullish at that time. After several years, this has not happened the peak bullish this time. but the price increase has skyrocketed.
indeed, a few days ago, the price of BNB dropped very drastically, like a parachute at $ 410 on August 5. This happened because BTC experienced a very extraordinary crash, and was followed by almost all altcoins, including BNB. But now it's getting better and better. even now it is above $ 500 again. We really hope that in the next bullish season. the price of BNB can go to $ 2k. Can it?
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The current BNB's price is 310$. At the moment the near resistance point is at 315$. If BNB crosses that then It can go up and cross 360$. In this situation, all altcoins are following Bitcoin when it dumps. but all altcoins are not pumping with Bitcoin. BNB is also doing this. It comes down with BTC but not following BTC correctly when it goes up.
At this time, 3 weeks ago when you posted this, the current price of BNB was $310, but today we have BNB increased to $550 currently. That's the power of hodling potential coin in this time the bull run is getting starting. However, I see a brighter year for those hodling BNB. BNB is going to fetch them many profits without doubts.
It is undeniable that I really agreed with you that BNB is very large to provide benefits for its holders, even though it goes down one day, but will be able to return again to increase it in the next time and the increase is always better than in the past. Considering that in 2021, BNB has given a very large contribution to those who hold it with a high ATH, and it is likely to be done again during the next Bullrun season, because BNB has reached the previous ATH when the period finished, and there will be 2x ATH the greater the increase.
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It is undeniable that I really agreed with you that BNB is very large to provide benefits for its holders, even though it goes down one day, but will be able to return again to increase it in the next time and the increase is always better than in the past. Considering that in 2021, BNB has given a very large contribution to those who hold it with a high ATH, and it is likely to be done again during the next Bullrun season, because BNB has reached the previous ATH when the period finished, and there will be 2x ATH the greater the increase.
People always can get good profits from holding BNB. Yes, the price of BNB is decreasing now but surely it has a chance to raise again in the future. In 2025, BNB can increase again significantly like in 2021. BNB even already increased significantly in this year, it hits a new ATH. But some people believe that BNB will increase again. It is predicted to reach $1000 in the next year. I am not really sure about the prediction, but I think it is not impossible to happen.