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[Yugocean]

General
Binance Coin (BNB)
This cryptocurrency is Ethereum platform based token. This is launched by Binance Exchange.

Fund
Binance Coin can be stored in any major Ethereum blockchain supported wallet

Earn/Use
BNB can be exchanged with any Binance Exchange supported cryptocurrency on Binance Exchange

Do you invest/use Binance Coin (BNB)?
What is your experience/review with it?

 

[Yugocean]

BNB Effect on Binance

Numerous crypto analysts linked BNB value with Binance. Binance would follow suit of it's native token, and if BNB dropped below $200, it will effect Binance too. However, today BNB was able to gain.

 

[Medo24]

If Bitcoin make a positive rise in the market, BNB follows the suit likewise other top 10 coins in the coin market cap. The only way BNB can have a speedy rise is for Bitcoin not to fall below the current price of $26, 400.

 

[Blackcurrant]

BNB have been doing good and so far, it has made crypto transactions looks easy and cheap. I love the idea of using it as transaction fee on BNB chain. This have made me participate in AITECH presale which will be listed on Bitget tomorrow.

 

[Medo24]

The advent of Binance chain network and Tron chain network brought huge relief to the cryptoçurrency ecosystem in terms of transaction fees which BNB was part of the foundation for the BSC to be possible.

 

[Yugocean]

Tradable

BNB gained 0.4% in a week, and 0.3% in 24 hours. This is good for quick gainers to gain. However there was drop of 0 1% in last hour, so decided yourself.
Or better HODL BNB in Binance vault or stak it.

Source: Coingeco

 

[Medo24]

In the last four hours the coin has witness a dip in price by 0.93% which is about 0.6% higher than the current dip of BTC. The last one month has not been favorable to the top coins.

 

[Yugocean]

Value is Down
The price of BNB has fallen below $210 after falling more than 3% over the past 7 days. Its value has lost approximately 1% in the last 24 hours. There is no increase in the price of BNB right now.

 

[Medo24]

Bitcoin was up two days ago so most coins were also bullish but it is currently in a bearish so it isn't surprising that the Binance coin is also down by 3%. Investing now can be profitable.

 

[Yugocean]

Bitcoin was up two days ago so most coins were also bullish but it is currently in a bearish so it isn't surprising that the Binance coin is also down by 3%. Investing now can be profitable.

Value of BNB coin isn't bad right now it is above $214, so value is still in profit comparing to what it was last Monday. Only day traders are in loss, but that's the risk they take, I have experience.

 

[Medo24]

Yeah, most times long time traders can minimize their losses over time compared to day traders. However, knowing how to long or short the market one can make money from the BNB current market range.

 

[Yugocean]

BNB greens
The crypto market is enjoying a bull run right now, BNB is also benefiting from it. BNB, which was weakening after the resignation of CZ from Binance, has now come into light green.

 

[IB DD]

BNB greens
The crypto market is enjoying a bull run right now, BNB is also benefiting from it. BNB, which was weakening after the resignation of CZ from Binance, has now come into light green.

I understand that there was apathy when CZ resigned which caused investors to reconsider their BNB holdings. Now, Binance has transited to a new leader UK with Yin He and the exchange is fairly stable. Investors have returned and the price goes up again.

 

[Yugocean]

$350

After a good time, BNB has reached $350 leval. BNB progress stopped when CZ resigned from Binance. While recovering, it played a seasaw of $290-$310 leval for quit some time, but this week BNB was bullish.

 

[IB DD]

$350

After a good time, BNB has reached $350 leval. BNB progress stopped when CZ resigned from Binance. While recovering, it played a seasaw of $290-$310 leval for quit some time, but this week BNB was bullish.

That is to show that Binance has recovered from the impact of all those legal rumbling it had. I always maintain that BNB is a token that has very huge potential and would continue to rise. Won't be surprised if it hits $400 soon.

 

[Macromeda]

Has anyone already joined Manta network? manta.network
I'm hearing from a lot of people who are part of it

 

[IB DD]

As of today, BNB has had a 3.1% increase to be valued at $370. I still believe that BNB would reach $450 before the end of the next three months. I am still holding on to mine.