Binance Coin fell twice. Investment prospects

Binance Coin is a cryptocurrency created by Binance and appearing on the cryptocurrency market in 2017. The platform provides users with access to various functions and transactions. Over the past 90 days, a 57% decrease in coin value has been observed. As of September 28, the price of the coin was $ 15.85. The maximum cost for the entire existence of Binance Coin was recorded on June 13 of this year in the amount of 35.6 USD.

Binance Coin Price Drop

On September 25, the cost of Binance Coin dropped to $ 15.2 per token. Over the next few days, quotes rose slightly. However, traders continue to worry about lower prices. If we analyze the dynamics of the exchange rate over 90 days, then it can be seen that the cryptocurrency price fell by 59 percentage points.

The appreciation was not even affected by the fact that the coins were added to a large American platform. Analysts note that after the launch of the new platform, quotes of a large crypto giant - Bitcoin - fell. Accordingly, this affected the rates of the remaining digital assets. Only 8 currencies were able to maintain their position and not go down in the ranking.

If you now buy Binance Coin cheaply, then after a while you can make decent money. Binance is an upscale trading platform; it provides traders with a convenient and secure cryptocurrency exchange service.

Binance Coin Indicators As Of September 28

As of September 29, the Binance Coin exchanger is selling tokens for $ 15.85. The market capitalization was $ 2.4 billion. Over the past day, transactions worth $ 118 million have been completed.

On the cryptocurrency market:

• circulating a little more than 155 million BNB tokens;
• total supply reaches 188 million coins;
• The maximum offer from Binance Coin is equal to the total offer.

Cryptocurrency sales began at a price of 0.096 USD. It was created as an internal token and operates on the basis of the Ethereum blockchain. Experts consider the currency promising.

BNB performs several options: it acts as a trading asset, helps to reduce the fee, since 2018, you can use coins to pay for goods, services, products on platforms that accept the payment system.

Cryptocurrencies are accepted on more than 150 online sites.

Currency purchase and storage

You can order Binance Coin on some exchanges in unlimited quantities. After the acquisition, it is recommended to store it in an electronic wallet that supports tokens. Mist wallet is in demand. You can store coins on the Binance exchange itself. However, users recommend keeping a small number of coins on the exchange, since the sites are hacked by hackers and scammers.

The wallet works as follows:

• Choose the safest resource and register.
• Indicate personal data, then confirm the entry by clicking on the link that the system will send by e-mail.
• Using special tabs, you can select a trading pair and start trading.

To understand how trading works, what are the features of the cryptocurrency market, exchanges offer to use demo accounts. To make money on BNB, you will need to follow the course, analyze the market, listen to forecasts.

Cryptocurrency Prospects

Binance Coin is a promising cryptocurrency. It is characterized by high liquidity, since it is traded in tandem with 400 other coins.

Every quarter there is a “Coin Burning” - this is a permanent process of reducing the number of coins in circulation, reducing the total supply. It is carried out according to plan. Thus, the price of the currency is increasing, and in the long term quotes may approach the mark of $ 100.

Token owners can reduce the fee during financial transactions by making any transactions on the exchange with a commission that is 25 percentage points lower than at other sites.

The currency and exchange on which tokens can be purchased have a good reputation. According to analysts, this factor makes the project promising and durable.

Binance is the second largest exchange and shows a positive development. Low commissions and the absence of the need to undergo mandatory verification make it a popular platform with its own coin.

New company projects have strengthened the trust of traders and investors in the coin. After the launch of the test network, the price of cryptocurrency increased slightly. The founders are working on the possibility of using the token in various fields. They negotiate with popular resources so that the crypt can be used as a means of payment.

Forecast

According to American experts, the cost of Binance Coin will increase over time. By the end of 2019, the price of a coin can reach $ 30. In 2020, with positive news and a geopolitical background, the value of the coin will increase to 100-150 USD.

Forbes notes that the technical capabilities of the exchange and its coins are high. Experts believe that next year new users will be interested in cryptocurrency and begin to buy it. The course will be able to rise to unprecedented heights and will continue to grow.

BNB is worth buying due to a number of factors:

• the exchange is reliable and prosperous, therefore, the coin will be in demand;
• the development team consists of experienced professionals, so the platform is secure and secure;
• The crypto network works quickly and without failures.

The specifics of the cryptocurrency market are as follows: if there are no negative events around the digital asset, then the quotes will go up, and the holders of coins will earn decent money.

Expert forecasts differ. Many say that the exchange rate will approach $ 50 in 2019. Caution is associated with the complexity of cryptoeconomics. Optimistic statements can affect the virtual asset both in the direction of increasing and decreasing investor interest. If large firms are interested in young currency, then it has every chance to overtake many coins that were issued in 2018-2019.