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Now that most of the bearish pressure has disappeared again, most cryptocurrency markets have begun to record small to medium-sized gains. While there is still a long way to go in this regard, it would seem that the price of bingo coins is trying to rise quickly. After having exceeded 17 dollars, the sky seems to be the limit.
Strong rise in the price of Binance coins
Last week was not the best for most crypto-currencies, tokens and altcoins. There has been rather negative pressure in most markets, although no one knows why this happened in the first place. same Binance piece This process has declined somewhat, although it appears that most of these losses have already been recovered. As such, traders have high hopes for what could be ahead.
Over the last 24 hours, the price of Binance coins has increased by 4.5% in US dollars, BTC and ETH value. Because of these sudden gains, the NBB value now stands at 17.35 USD, 0.00423 Bitcoin or 0.1223 Ether. As such, it appears that further gains may be on the horizon, even if the overall volume of transactions is not necessarily as bad. With $ 201 million in transactions, there seems to be a real demand for BNB at this stage, although this situation may evolve in the near future.
On social networks, Binance Coin has never been so excited. Simon Lovera de Leon is not bothered by the negative comments either, because this user considers that the NBB is the most profitable coin on the market so far. When half of its portfolio consists of a single currency, it must first behave as intended. Until now, it seems that Binance Coin is behaving as expected, although the absolute record is still out of reach.
The most profitable coin @cz_binance @ binance #BNB
I am bnb since December 18th
In #Venezuela the temptation of no cambiar tus por #decree are great pic.twitter.com/Ehned7bwDc– Simon Lovera De Leon (@LeonLovera) March 31, 2019
Those who are primarily interested in the current price chart may notice that there is still room for upside potential. This does not necessarily mean that the price will continue to rise from this moment, although it is never known how the different cryptography markets will evolve over the weekend. Binance Coin seems to be doing its own thing in the first place, so the rest of the day could turn out pretty interesting.
BNB stands out from its flag-shaped structure, almost revisiting the levels of the ATH
A breach beyond ~ 0.0044 would continue the price discovery$ BTC pic.twitter.com/acd57Hy3Fy
– rektcapital (@rektcapital) March 31, 2019
Klondike also expects a lot from Binance Coin all day and over the next week. The upward trend seems to be fully effective at present, although there is always a chance that the momentum will dissipate quickly. As is usually the case when it comes to technical badysis, it will only work from time to time.
Seems to be #BNB do not want to stop here! pic.twitter.com/Xm55XivSdh
– Klondike (Crypto Rush) (@KlondikeRush) March 31, 2019
When we look at the situation as a whole, it seems that the value of the Binance coin is increasing due to the recovery of Bitcoin. If the main cryptocurrency of the world again became bearish this weekend, you never know how things will evolve with regard to alternative markets. For the moment, the NBB announces promising, but no one should run after the summit.
Disclaimer: This is not a trading or investment advice. The above article is for entertainment and educational purposes only. Please do your own research before buying or investing in cryptocurrency.
Image (s): Shutterstock.com
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