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Is there a Real Value to Binance Coin (BNB)?

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Binance Coin
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Binance Coin (BNB) is one of the most interesting cryptocurrencies at the market right now. The coin was developed by the largest crypto exchange by trading volume in the world, and it only works within the exchange’s ecosystem. However, it still managed to achieve what many believed was impossible — it stopped following Bitcoin’s lead, and it started carving its own path.

At the very least, the coin is highly intriguing, but does it hold real value? This is a question that many in the crypto community have been asking for a while now, uncertain whether BNB is a worthy investment or not.

What gives BNB its value?

Binance Coin cannot be used for purchasing goods and services, like Bitcoin. It currently does not fuel a development platform like Ethereum. It cannot even be used as XRP for sending international payments. However, the coin had still managed to triple its price in the last three months and to surge when most other cryptocurrencies were seeing losses due to the last remnants of the crypto winter.

BNB managed to achieve all of this because of its use cases within Binance, but also because of its future potential. First of all, Binance is the largest crypto exchange in the world, with millions of customers, most of which use the exchange on a daily basis.

This means that the exchange inspires trust among its users, whose numbers still continue to grow regularly. When such a trustworthy service launches its own token, it is hardly surprising that the coin holds real value.

Next, traders using BNB can actually benefit quite a bit by using the coin. Its usage brings a massive 25% discount on trading fees within the exchange, and considering how it is in everyone’s best interest to pay as low a fee as possible, this gives BNB an actual use case.

Binance then expanded its usefulness by bringing back Binance Launchpad — a platform which holds token sales. The platform aims to offer one new coin per month in 2019, and maybe even in the following years. It already held BitTorrent (BTT) token sale on January 28th, Fetch.AI (FET) token sale on February 25th, and Celer Network (CELR) token sale on March 19th. All three token sales were extremely successful, not one of them lasting more than 18 minutes.

However, the real winner here is BNB, as it is the only cryptocurrency that can be used for purchasing these tokens. This decision allowed not only the coin’s price to grow, but also its usage.

Next, Binance also increases the coin’s value by holding quarterly token burns, which are supposed to withdraw tokens from circulation, although there are rumors that Binance uses its own massive supply of the coin for burning. Even if true, they are still shrinking the coin’s supply and will continue to do so until there is only 100 million BNB.

Finally, Binance is working hard on developing its own blockchain, as well as its own decentralized exchange — Binance DEX. Once live, the two will allow Binance to evolve, and become more than just a very popular exchange. It will become a community, one which already made quite a name for itself, and which will invite investors and traders from around the world — giving them what they want, while still remaining relevant in a decentralized ecosystem.

Meanwhile, the DEX and blockchain will use Binance’s own native coin for operating, thus giving BNB a massive new role, and making it multiple times more useful, and even necessary in order to participate. With an ever-shrinking supply, numerous massive use cases, and a reputable background — BNB will likely grow to heights it never knew before.

With that in mind, yes, BNB does have value, and even if there are critics who claim otherwise right now, even they cannot deny that the coin is on its way of having value. Because of this, BNB has seen a lot of activity, with many purchasing it with the intent to HODL. While the coin tripled its price in the last three months, this increase is likely only a minor bump, considering what lies in the coin’s future.

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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 and read our full disclaimer.

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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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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Altcoins

TRON (TRX) Is Likely to Go Big in June

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Tron
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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

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IOTA
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The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

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