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[leithy]

This morning I noticed Binance had added ICX on their staking list at 21.79% for 15 days. Minimum invest was 10 coins. I bought at $1.48 per coin. Despite 90% of top 100 coins on Coinmarket.com being in the red ICX moved up to $1.70 within a few hours. It is now $1.83, a 25.5% increase within 24 hours. It had been falling when I bought. Does anyone think this Binance staking has increased the price?

 

[aryan4]

If they wanted this, I guess they could raise a certain amount, maybe they could afford it. But let's say Binance did that. What purpose could they have in this?

 

[leithy]

I am not saying that Binance did this to deliberately raise the price, eg if they had held a lot of it they could have profited, more that when investors saw the % available they piled in and this increased the demand and therefore the price.

 

[SCAMEXPOSER]

I didn't know that they added this coin , it will sure affect the price of the coin because lots of people will rush to buy the coin and stake . It is a good move, I will be watching their next coin to be added.

 

[Niftyicon]

Binance offering that percentage will surely cause people to want to get some. It may have been a deliberate or indeliberate move but it was sure helpful to the coin.

 

[sagefave]

Whether or not the increase in price is as a result of binance listing it on their staking list, I think what's more remarkable is that you're in profit, buying at a cheaper rate should you decide to sell now.

 

[Rollerkid]

This morning I noticed Binance had added ICX on their staking list at 21.79% for 15 days. Minimum invest was 10 coins. I bought at $1.48 per coin. Despite 90% of top 100 coins on Coinmarket.com being in the red ICX moved up to $1.70 within a few hours. It is now $1.83, a 25.5% increase within 24 hours. It had been falling when I bought. Does anyone think this Binance staking has increased the price?

Yeah, l would say binance had some influence on the coin's performance in terms of rising price. Since it's introduced in binance staking, people will demand for it to stake for the interest.

 

[achawaskey]

I don't really think so because it only added or option to another investor or stakers. I think it rise because of more stakers in the system.

 

[Rollerkid]

You are right the value increased because of more staking. But here is the case that binance was the platform that offered the staking option for its members and indirectly they are still the reason the coin boomed.

 

[BullyMaguire]

I think ofcourse since Binance is the worlds #1 exchange/trade platform when a coin gets acknowledged by them people will notice too plus it will be used to trades

 

[Rollerkid]

Yeah, the traders on binance now don't joke with staking opportunities and because of that they are ready to stake any coin the platform introduced especially if the returns in percentage is decent.

 

[Wisdom01]

Well i think binance has more users and its one of the biggest exchange site , so this is why it had high increase because a lot of users were purchasing the coin as a result of it been listed

 

[sh199]

if anyone looks the binance telegram channel, they can see that when Binance announced that they will add any coin or token, then the price of that coin goes up rapidly within 30 or 40 min. recently they wanna add POND token
after the announcement that price blowsup.

 

[Wisdom01]

if anyone looks the binance telegram channel, they can see that when Binance announced that they will add any coin or token, then the price of that coin goes up rapidly within 30 or 40 min. recently they wanna add POND token
after the announcement that price blowsup.

I think it goes up because of the investors speculation attached ,that when they make those announcement the price would increase and rise

 

[sh199]

I think it goes up because of the investors speculation attached ,that when they make those announcement the price would increase and rise

you got right bro. the traders and large investors are lookin binance social media just to wanna know a new listing.
all know if any coin listed on binance , its demand will increase and it will have a great future.

 

[Wisdom01]

you got right bro. the traders and large investors are lookin binance social media just to wanna know a new listing.
all know if any coin listed on binance , its demand will increase and it will have a great future.

I think they even have a news page for it , where you can get the news information that it would be listed ,incase you don't follow their social media platform

 

[Josemendez]

Yeah. Whenever a coin is listed in Binance , it gives investors full confidence in the coin and thus they can be invest in the coin .many coin has gotten huge rise through such listing.

 

[crypworld]

In my opinion, the only platform you can trust your investments is BINANCE.

It's not that get rich quickly investments sites. So whatever Binance introduce would be highly welcomed by their members.