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Binance Coin (BNB): The Upcoming March Burn

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Binance Coin
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Binance Coin was doing well until the last week when this currency suffered from a series of falls that affected its dealing price. However, we have learned from the past experiences that trading in red doesn’t always necessarily need to be a bad thing. So, our goal here is to analyze how badly can this fall affect Binance Coin and see how BNB has been doing for the past couple of months.

What is Binance Coin?

Binance Coin is cryptocurrency set behind one of the largest trading platforms – Binance. Although maybe one of the most popular exchanges on the crypto market, Binance didn’t start with trading until July 2017, so this exchange market is still very young.

This platform started with dealing with exchanges when it successfully attracted ICO – the Initial Coin Offerings – and ever since then Binance became known as one of the greatest exchange platforms. The main reason for that might be the fact that Binance takes really low fees that don’t ever go over 0.1% of the initial currency exchange.

Another reason for having so many investors make up their minds for Binance is the fact that this platform operates pretty fast. Binance can process approximately 1.4 million orders in the matter of a second, which ranks it among the top exchange platforms with the greatest potential.

Binance Coin represents a project launched by Binance platform and this currency is available for exchange and trading as well. The amount of Binance Coin is limited to 200 million BNB units – from this amount, 50% will be sold across exchange platforms, while 40% belongs to the team behind the coin and 10% goes to Angel Investors.

Angel Investor is a popular name for investors who buy large amounts of coins, making them very important for the crypto market, especially developing currencies that are still trading at low.

So, since Binance Coin is working hand in hand with one of the largest exchange platforms, this currency should have a great potential, right?

Let’s see.

How is Binance Coin doing at the Current Moment?

January 2018 was pretty easy on Binance Coin as this currency was trading up in green for a long period of time. This January tradition ended for BNB after it was last traded in green for over 10% up against the dollar. This was the case up until February 1st. After the mentioned date, BNB fell down for over -13% against the dollar. To be clear, BNB was trading in red for the entire month – it had its ups and downs during this rocky month, where BNB even managed to gain a market capitalization of over 46 million dollars in a trading volume of only 24 hours. This led to a total market cap of 930 million dollars.

The Upcoming March Burn

If you have been following up with BNB and the previous coin burns this currency went through, you surely remember that each of these burns got the BNB’s price up and jumping, The first coin burn set for October 2017 brought BNB from dealing around 1.7$ per one unit to dealing at 10$ per one coin. The second burn that occurred in January 2018 made BNB jump to dealing around 24$ per one coin which was a huge success.

Now that BNB is dealing at a bit over 8$ per one unit, the March burn will come as pretty benevolent as if is to believe the rumors. The BNB burn will surely occur in March, but the rumor that might be a bit disputable is that BNB will be dealing at 50$ after the scheduled burn.

This presumption cannot be far from the truth as the previous coin burnings showed as pretty effective in raising BNB’s price, but whether this currency will go up to 50$ is a matter yet to be tested and seen.

In case you believe that the March burn will have an amazing effect on Binance Coin the perfect time for investing would be now while BNB is still trading at 8$ per one unit.

We will be updating our subscribers as soon as we know more. For the latest updates on BNB, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of coinmarketcap.com

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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