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Binance Coin (BNB): The Upcoming March Burn

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Binance Coin

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

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies like Bitcoin and Dash, to help protect their assets and hard-earned…

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