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Even though most crypto-currency markets still show many bearish signs, it looks like the time has come for things to improve again. In the meantime, we will unfortunately have to bear this vast downward trend. Even when the price of the coin Binance drops, it must be recognized that this is not the best case for this industry.
The price trend of Binance parts is not surprising
When looking at the big picture in terms of the overall cryptography market momentum, it's normal to see all the currencies, all the chips and all the badets in the red. That is, the coins that go through what appears to be a pumping cycle. For once, the value of Binance Coin does not increase when the value of Bitcoin is in red. This seems to confirm that the trend of this token may have been running for a while.
In the last 24 hours, the Binance piece The momentum of prices has strongly deteriorated. Although some people claim that this coin will soon earn 100% more, the current balance looks a little different. It follows a loss of 2.76% in US dollars and a loss of 1.2% compared to Bitcoin and Ethereum. Although the current value is still above $ 16.5, it remains to be seen how long it will remain.
Even Weiss Ratings is apparently tired of soaring NBB prices that seem to make little sense. They confirmed the Launching ramp the changes have been beneficial for this price trend, although it also fuels speculation about how this price move is artificial in the first place. It is always interesting to see these different opinions on such changes.
#BNB the price increases by 17% after changes to the dashboard. This rally has been going on for too long – it's artificial and it's not viable. #Binance
– Weiss Ratings (@WeissRatings) March 25, 2019
CryptoAndChill echoes a similar sentiment. This user sees the current model of the NBB as a way to create more skilled investors, instead of opening token sales to the mbades, as originally planned. This is not a business model with which most people will agree, and which could hurt the NBB's price in the distant future. Such comments should not be overlooked because they show that people are tired of the way things are going.
New #BNB The model looks a lot like a skilled investor … You have to have a certain amount of that in order to participate … that's why there is so much heat on CZ. He gets rid of the "small" investor.
– CryptoAndChill?☠️ (@ Crypt0AndChill) March 25, 2019
Adam, meanwhile, worries about the number of use cases of Binance Coin now and in the future. It is mainly focused on the Binance exchange, although Travala also accepts it. Nevertheless, without any additional utility and without the potential result of the removal of small investors, the current price seems unsustainable in the long run. Much of the positive momentum is reversing against this market in recent days, which is not entirely unexpected.
I do not see either #BNB go up to a much higher level since it is a token whose use is limited and which can only be really used on the exchange binance. #APL can be used everywhere. Which gives it a much better chance of having a higher price in the long run with so many use cases in the real world.
– Adam (@ smileyface218) March 25, 2019
Although the current momentum seems to indicate that the value of the Binance coin will recover fairly quickly, the general sentiment among community members shows quite another thing. It is certainly possible that this market will see another uptrend materialize at some point, but the growing consternation among bearers and spectators does not bode well. Responding to these concerns can be crucial for BNB's future.
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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