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Some of CZ’s tweets are about Ethereum
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Investing.com – Tesla’s billionaire partner Elon Musk, or the Chinese version of Musk, appears to favor Musk’s offensive tactics.
Where CZ appeared to attack one of the major cryptocurrencies, while also praising and encouraging investors to acquire the currency he founded and launched, as he is the CEO of the company that manages that currency.
Through a series of successive tweets, the founder and CEO of Binance Coin attacked Ethereum, while praising Binance Coin, describing it as the currency of the future.
Despite his description that he doesn’t take Twitter or the tweets he has received seriously, and that he tells jokes that are not funny and that he cannot predict the future or the prices.
The CEO of Binance Coin Corporation said that although he liked the coin, he would no longer use it.
He added that those who now own Ethereum may be rich, but will soon become poor, referring to the possibility of this currency falling and investors’ money being lost.
He said he is not taking a position against Ethereum, as it is still one of the major decentralized currencies, but according to charts and analysis, it appears to be in danger.
Binance Coin, a cryptocurrency exchange, launched in January 2018, Binance was the world’s largest cryptocurrency trading platform by volume.
Founded by Chinese-Canadian programmer Chang peng Zhao, Binance was initially based in China, but later left China due to growing Chinese restrictions on cryptocurrencies.
During these times, it appears that Ethereum is under severe selling pressure as it has fallen by around% to reach levels of 1.32K.
As the value of Ethereum, which is the second largest cryptocurrency in terms of market value, fell from $ 168 billion to $ 155 billion, losing about $ 13 billion, or 31% of its value.
Ethereum has lost around $ 70 billion of its market value over the past nine sessions, after falling from a high of $ 224 billion on February 19.
In contrast, the Changping Ping Chao currency, or CZ, also fell more than 10% during these times.
Binance Coin fell to $ 206, while maintaining fifth place among the largest currencies in terms of market capitalization.
Binance Coin’s value has fallen to $ 32.2 billion, from its peak on February 19, which reached $ 51.4 billion, meaning it has lost around $ 19 billion 37% of its value .
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