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Binancecoin

BNB Seem to be Worth of Purchase Now 25/02/2021BNB was launched through an initial coin offering in 2017, 11 days before the Binance cryptocurrency exchange went online. It was originally issued as an ERC-20 token running on the Ethereum network, with a total supply capped at 200 million coins, and 100 million BNBs offered in the ICO. However, the ERC-20 BNB coins were swapped with BEP2 BNB on a 1:1 ratio in April 2019 with the launch of the Binance Chain mainnet, and are now no longer hosted on Ethereum. BNB can be used as a payment method, a utility token to pay for fees on the Binance exchange and for participation in token sales on the Binance launchpad. BNB also powers the Binance DEX (decentralized exchange). You cannot mine BNB as you would a proof-of-work cryptocurrency, since the Binance Blockchain uses the Byzantine Fault Tolerance (BFT) consensus mechanism. Instead, there are validators that earn from securing the network by validating block Before BNB migrated to Binance Chain, Binance performed coin burns on the Ethereum network using a smart contract burn function. The amount of coins that Binance burns is based on the number of trades of the exchange over three months. Since the Binance Chain launch, BNB coin burns no longer take place on the Ethereum network and now use a specific command on Binance Chain, as opposed to a smart contract the live Binance Coin price today is $244.82 USD with a 24-hour trading volume of $5,214,310,297 USD. Binance Coin is down 9.64% in the last 24 hours. The current CoinMarketCap ranking is #3, with a live market cap of $37,833,042,747 USD. It has a circulating supply of 154,532,785 BNB coins and a max. supply of 170,532,785 BNB coins. Technical: there are total of 3 TPs which the second Target is like a triger for the 3TP
Long
by BitonGroup
6
BNB/USDT TA: 22.3.16BinanceCoin is moving below its downtrend. If this trendline is broken and the static resistance is in the range of 405-400, it can climb to the range of 435-445 and then 500-510. If there is a negative sentiment in the market, it can return to the support of 360 and 330. ⚠️ This Analysis will be updated ... 👤 Sadegh Ahmadi: @SDQ_Crypto 📅 16.Mar.22 ⚠️(DYOR) ❤️ If you apperciate my work , Please LIKE and COMMENT , It Keeps me motivated to do better❤️
by GPTradersHub
2
Binance Coin Price Analysis — March 21Following a decent bullish comeback last week, Binance Coin (BNB) recorded a mild correction over the weekend as the price dipped back below $400 and tapped the $385 low. However, we can observe a bullish build-up this morning, with the broader crypto market posturing to revive last week’s trend. The 4-hour stochastic indicator shows that a bullish rally is underway as bulls target the $400 resistance. That said, bullish confirmation should come from a corresponding crossover on the MACD indicator, which should drive BNB towards the $420 level in the coming days. Meanwhile, my resistance levels are $400, $410, and $420, and my support levels are $390, $380, and $370. Total Market Capitalization: $1.88 trillion Binance Coin Market Capitalization: $65.2 billion Binance Coin Dominance: 3.4 % Market Rank: #4
BINANCEUS:BNBUSDLong
by Mr_Wogbe_Alex
MY PERCEPTION OF THE BNBUSDT SCENARIOTechnical analysis regarding the price of BINANCE COIN in relation of dollar Tether for the next scenarios, based on daily movement. disclaimer *** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. *** Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
Short
by luizhcruz
5
TARGETS FOR A DROP SCENARIO IN DAILY BNB/USDTTechnical analysis regarding the price of BINANCE COIN in relation of dollar Tether for the next scenarios, based on daily movement. disclaimer *** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. *** Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
Short
by luizhcruz
BNB, trendline BREAKOUT with TWO targets!Will Binance Coin (BNB) grow by +20-25%? Let's figure it out! Now the price is trying to breakout the trend line. We can see that the bulls have the power, as there is no PULLBACK after the THIRD test of the trend line. The first target of this movement will be at $420. The second target could be at $460, but a false breakdown is possible before the growth as the big players need liquidity and they could open their LONG positions. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
by Yuriy_Bishko
6
BNB: AT THE BREAKOUT POINT.Welcome members to my BNB update. If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market. Let's get back to the chart. BNB has currently broken out of the descending triangle pattern. Traditionally, a regular descending triangle pattern is considered to be a bearish chart pattern. However, a descending triangle pattern can also be bullish sometimes and in that instance, it is known as a reversal pattern. Let us consider the following points before getting into a confirmation. 1. We clearly see a breakout on BNB but technically it is still under the descending triangle pattern as the recent high is lower than the previous high. 2. The RSI is already at the peak of the overbought range and the only way RSI will move is towards the bottom. 3. Most of the time descending triangles are bearish. So, even if BNB rallies higher, I am not expecting much right now. BNB could possibly reach up to $400 to $410. I could be wrong on this one but that's what I am expecting looking into the current scenario. Note: This is not financial advice. This trade setup is based on my T.A and I am risking my own money on this trade. I am reliable for my own losses and profits. So, trade as per your preference. Let me know what you think about this idea and if you like it then do share the link wherever you can. Let this idea reach as many traders as possible. I will cover more on this in the coming days until then stay safe and trade well. Thank you.
BINANCE:BNBUSD
by Dexter_The_Trader