If you take a closer look at the alternative market development of cryptocurrency, you can see many interesting trends. Even if not all markets are close to the bullish turnaround, the weekend will undoubtedly provide promising impulses. Until but thenThe Binance Coin price will apparently remain under pressure. All "proponents" on Twitter seem to backfire a bit on this project.
The coin price of Binance is facing a small onslaught
It is not completely surprising to see the value of Binance coin Fall slightly after a very strong bull run earlier this week. These huge profits would never be sustainable in the long run. Such a strong uptrend will always be accompanied by a correction, which is exactly what the BNB is going through right now. While it remains somewhat unclear how long the vacuum will last, it seems that this is by no means the current low.
Over the past 24 hours, the Binance Coin price has fallen 5% in the USD, 5.4% over Bitcoin and 4.5% over Ethereum. It is a red sea everywhere, which was completely to be expected. As a result of this downtrend, the value per BNB has fallen to $ 14.42 or 0.00367902 BTC. Not a big problem right now, even if the overall trend is not positive. While trading volumes remain strong, it is unlikely that a significant uptrend will occur in the next few hours.
In social media, the hype and excitement of BNB seem to be out of control. There are now people who really believe that Binance Coin's market capitalization will surpass that of XRP. Although this is by no means completely impossible, it is also unlikely. It will be interesting to see how things are going in this respect as both markets are currently selling over $ 10 billion.
– Szczepan⚡Bentyn (@Bentyn) March 8, 2019
M.m is another person who seems to see only stars and the moon when it comes to Binance Coin. While it's not wrong to be enthusiastic about a project, a $ 20 hike over the next eleven days seems pretty peculiar. This is a likely scenario given the recent BNB price evolution, although it depends primarily on what happens to Bitcoin.
do not worry! #BNB will be worth more than $ 20 on March 19, 1919
– mm (@ mm43317599) March 8, 2019
Del Rypto, on the other hand, expected BNB to reach .004 bitcoin a few hours ago. Unfortunately, for him and other traders, this never materialized. Three refusals in a row only confirm that this uptrend in no way withstands the imagination. While Del Rypto still posted a 140% gain in this process, it remains to be seen when the next attempt to break 0.004 will occur.
– Del Rypto (@Del_Ryp) March 8, 2019
As always before a weekend, it can come in the next 72 hours to unexpected impulses. Whether or not this gives hope to Binance coin holders and speculators is currently difficult to predict. With these pretty steep losses already in place, it seems that there will be much more negative momentum later today. Crypto investors tend to panic as the momentum of these days increases.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and educational purposes only. Please do your own research before buying or investing in a cryptocurrency.
Image (s): Shutterstock.com
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Post source: Binance Coin Dips Yet Community Expects Market Capitalization Flip With XRP
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