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Is there a Real Value to Binance Coin (BNB)? - Global Coin Report
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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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Top 4 Cryptocurrencies to Bet on in 2019

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top 4 cryptocurrencies
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The crypto winter ended and Bitcoin is breaking through the $5000 resistance barrier and leading a general charge in bullishness among cryptocurrencies has seen more positivity in the market than ever before. However, before any talk of a crypto spring should start, we need to look at what happened during the winter.

Many different platforms were either fully released or improved upon significantly. There has been a surge of innovation and the crystallization of ideas. The market isn’t just about crypto trading or bitcoin trading; it has become more about what businesses will leverage blockchain in the best way. Investors need to look at what a coin offers beyond just being a cryptocurrency. What partners does it have, what is the long term plan and is it liquid enough?

Investing in altcoins has never been a better option than right now. The volatility index shows that the market is growing without having to rely on Bitcoin. While Bitcoin still determines and up or down trend, the altcoins do not follow this trend exactly. More and more tokens and coins are surviving and thriving on their own merits rather than riding in Bitcoin’s wake.

The four coins to follow are our pick for the top 4 cryptocurrencies most likely to give you substantial returns by the end of 2019.

Stellar Lumens (XLM): Cheap coin, and massive market to grow

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2019 Will Be a Big Year for Luxcore

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With the recent surge of Bitcoin in the last few weeks, many traders are hoping for a more profitable year than 2018.  Even if that comes to fruition, my advice over the past year remains the same.  Traders must look for companies and projects that offer blockchain solutions with real-world use and complete transparency.  One company that meets both of those requirements is Luxcore (LUX).

What is Luxcore?

Luxcore is a blockchain solutions and services ecosystem that focuses on developing security and privacy products.  The Luxcore platform utilizes the PHI2 algorithm powered blockchain to build a wide variety of product offerings.  One of the platform’s primary goals is to help close the gap between regular consumers and enterprise users by introducing specific use-cases for each group of users.

Exciting Roadmap for 2019

As mentioned earlier, one of the absolute requirements of building a successful blockchain project is to be fully and completely transparent.  Luxcore certainly meets that requirement with the introduction of their most recent roadmap.

The roadmap does a great job of showing which projects are in development, how far along each project is, and the expected completion date of each project.  With this, LUX traders and potentially interested consumers can follow along and monitor the status of projects that they are especially interested in.

Since many crypto projects have inevitably disappointed the market, offering…

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Can XRP Break Out of the Falling Wedge?

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XRP is the third largest cryptocurrency by market cap, which currently sits at around $13.5 billion. The coin also has a price of $0.325316 at the time of writing, after seeing a significant price correction of 4% in the last 24 hours.

Just like many other cryptocurrencies, XRP has seen massive losses during the 2018 bear market. However, this falling wedge seems to have seen a real breakout in 2019, as the crypto winter started to let go, and a lot of coins saw significant price recoveries.

XRP’s falling wedge was much more difficult to stop, which can be seen on its long-term chart. But, the recent bull runs allowed numerous cryptocurrencies to finally see growth, and XRP is definitely one of them. The charts also show that the coin’s falling wedge has seen a breakout, which is an excellent thing for the future of XRP’s price.

However, for the coin’s price to truly turn and stay bullish, XRP needs to see larger volumes. The experts believe that this is the key for a new rally, one which would allow XRP to reach true recovery.

XRP price performance and predictions

As mentioned, XRP had struggled to start growing even when most other cryptocurrencies were drawn in a number of bull runs. While the coin has been acting the same as others until mid-February, it is clear that the…

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