Binance Coin: perks and exchange growth will keep pushing price
Updated
Binance is the fastest growing crypto-exchange with currently over 7 million users. It is the nr. 2 exchange messured by 24 hr. trading volume.
Binance uses it's own coin to give users some nice perks:
- The BNB coing ives you a 50% (first year) discount on allready cheap fees, the discount is halved every year and stops after 4 years
- Top BNB coin holders are sometimes eligible for free airdrops
- There is a quarterly burn of the coin, making it more scarce
These perks combined with the enormous growth of Binance make it a very sought after coin!
In the graph we see a second falling wedge forming, the first falling wedge led to a big bull-run. Currently the second falling wedge is close to the apex, also Bullish divergence has been painted in the RSI, signalling bears are getting tired. Time to challenge the ATH and to get ready for another moonshot!
Binance uses it's own coin to give users some nice perks:
- The BNB coing ives you a 50% (first year) discount on allready cheap fees, the discount is halved every year and stops after 4 years
- Top BNB coin holders are sometimes eligible for free airdrops
- There is a quarterly burn of the coin, making it more scarce
These perks combined with the enormous growth of Binance make it a very sought after coin!
In the graph we see a second falling wedge forming, the first falling wedge led to a big bull-run. Currently the second falling wedge is close to the apex, also Bullish divergence has been painted in the RSI, signalling bears are getting tired. Time to challenge the ATH and to get ready for another moonshot!
Note
Be carefull there seems to have been a Binance hack. No official confirmation yet. This could effect BNB coin. Stay safe!Note
The FUD seems to have passed, turned out to have been more of a huge Phising-scheme..compromissed accounts were emptied to buy Viacoin, which showed a 100x pump! Binance claims to have reversed all suspicious trades! BNB still good to go :)
Note
Great news.. BNB to the moon :)coindesk.com/binance-unveils-new-blockchain-support-decentralized-crypto-exchange/
Note
BNB tough as nails in this dumpstorm, looking awesome.Note
Looking good, let's see if we have to retest the break or if current support is strong enough.Note
Go.. go.. go, next coin burn april 15. Keep an eye out for RSI which is entering OB-territory
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.