Analysis Breaking

Binance Coin (BNB): Looking out for Number One?

The incredible take-off of BNB has revived many investors. Binance Coin rose up 2.5 times in three months. Someone managed to divide success of this exchange coin. But there are few of them. Others look with envy – maybe it is not too late to buy it?

A good Jack makes a good Jill

Since November 2018, BNB has shown steady growth from $ 4 to almost $ 11 per coin. At the same time, the increase in the BNB price in USD even outpaces the growth of the BTC . For the last 24 hours, the rise continued and accelerated. That’s just clear – Binance Chain started testing . Now BNB works in Ethereum blockchain, then it will switch to its own. As a result, it is possible that transaction costs will decrease and speed will increase. This will certainly push the coin up. And it will push even more when Binance DEX, the decentralized daughter of Binance, will be launched on the same platform.

And why the BNB token was growing before? Also due to the positive and understandable news.

Six months ago, Binance launched its own billion-dollar fund to support blockchain projects. But the financing of projects took place – well, let’s try to guess with which coin? Bravo! with BNB, of course.

The largest stock exchange received a good hipe and from its Binance Launchpad for launching ICO. Let’s recall the most sensational ICO of the last time, the BitTorrent (BTT) one. True, because of the big agiotage there was a little thing. Many investors could not participate in the ICO as if due to a technical problem. It is noteworthy that the trouble happened when 28.44% of BTT tokens, kind of blocking package – were bought out apparently by TRON or Binance itself. Or by both of them, may be?

In late January, Binance became the entry point into the crypt for fiat investors – due to the cooperation with the Israeli startup Simplex. Together they offered to pay for the crypto with Visa and MasterCard credit and debit cards. Not for all, but leading cryptocurrency. Together with Bitcoin, these are Ethereum (ETH), XRP (XRP), and Litecoin (LTC). True, the commission is not quite good as for present time – 3.5%. Well, find less! And hipe is good.

Oh, if only to know!

All of these seemingly not so global events supported BNB. Was it possible to foresee its takeoff? Of course. And many experienced investors talked about this. But only a few decided to act. All because of depressed mood in the market. Now the mood has changed. Maybe it’s time to be bolder? Armchair analysts have already begun to make bold predictions. By the middle of 2019, BNB will cost $ 17, 1.7x to the current level! And in 5 years the price will be about $ 30 – all 3x!

But old and wise trader’s agage is worth retelling: “Sooner or later, everyone become smarter – price is the issue!”