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Reasons Why It is Judicious to Invest in Binance Coin (BNB) This Year

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Binance
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The time that we are living in right now, cryptocurrency has vanquished a considerable portion of the overall trading market and rapidly making inroads to the homes of common people apart from experienced businessmen and investors. Under the circumstances, the competition to maintain a secure and commendable position on Coinmarketcap has become fiercely challenging for even the leading cryptocurrencies like Bitcoin, Ethereum, etc. Moreover, the recent downfalls in price have exacerbated the current market condition of many top cryptocurrencies.

However, using such uncertain times as the golden opportunities to divert the attention of the traders from the usually popular coins, a significant number of new Altcoins are making rapid improvements and marching forward in the cryptocurrency chart. The default cryptocurrency of Binance Exchange, the Binance Coin (BNB) certainly falls under this umbrella of digital currencies.

Since its tokenization by the end of July 2017, Binance Coin has been grabbing the attention of a considerable number of experienced as well as novice investors. Within just nine months of its introduction as a tradable token, BNB has achieved the 20th position on Coinmarketcap in terms of total market capitalization. This incident alone can vindicate its popularity among crypto-traders. Here, a few aspects of this coin would be discussed to establish the fact why it is still a great cryptocurrency option to invest.

The Developmental Period of BNB Token:

Binance coin is the default currency of the world’s largest cryptocurrency exchange of the same name. At this very moment, the overall trading volume of Binance exchange is nearly 2.2 billion USD on a 24-hour scale. So, when this exchange announced about issuing their own token, it grabbed the attention of the traders residing all across the globe. In the whitepaper, the development team of this renowned exchange mentioned various facts about BNB token explicitly. According to those facts, BNB is a coin that will run exclusively on Ethereum Blockchain Platform along with other ERC-20 tokens and at most, 200 Million Binance tokens would be available for trading in the market at a time. The sole purpose of forming this currency was to offer a discount on fees incurred while paying with this currency.

During the ICO period of this coin, the distribution of BNB coins was meticulously organized by the exchange. Now, 50% of the coins are sold as ICOs and the rest is distributed between the group and angel investors in a 4:1 ratio. The efficient, strict, and rigid ecosystem that Binance exchange provides for this coin is one of the main reasons behind its meteoric rise in the price chart.

Distinct Features and Advantages of BNB Coin:

BNB token, being the default cryptocurrency of Binance Exchange, incorporates all of its unique features and offers to its holders. Some of these features include:

a. Superior Technology: Binance possesses a very skillful development team that helps this currency as well as the exchange of going through constant upgrades and implementing new user-friendly properties. The Binance platform is capable of processing nearly 1.4 million orders per second which offers the luxury of time to BNB traders.

b. Scalability and Convenience: The efficient BNB platform is currently deployed on more than thirty exchanges and offers its traders the advantage of a decentralized cryptocurrency trading environment. Also, this cryptocurrency platform also offers scalability and convenience by supporting multiple languages on its platform. The BNB token can be supported in a vast range of devices starting from desktops to Android and iOS Smartphone.

c. Clean and User-Friendly Interface: The BNB platform, as well as the exchange, offers a pristine and easily comprehensible user interface for the traders. As a result, the investors can have a seamless trading experience with no doubt whatsoever while trading this currency.

d. Available Options and Discount: Binance being the largest cryptocurrency exchange in terms of trading volume till date offers numerous cryptocurrency options for trading with BNB coin on its platform. It allows traders of different currencies to invest and elicit considerable profit from this coin. Also, the exchange provides a generous discount to all the traders trading BNB on Binance platform.

e. Security: The cryptocurrency exchange of Binance is one of the most secure exchanges of the world which is impervious to hack attacks and other malicious cyber activities. This invariably makes BNB coin one of the most secure currencies to exchange. Also, unlike many other big guns, BNB coin is actually very stable and provides assurance.

Recent Events and Partnerships:

On April 15th of this year, Binance completed burning of 30 million tokens for the purpose of increasing its demand and lowering circulation. Burning coins is a very effective way to maintain equilibrium between demand and supply. Although so far there are no conspicuous signs of price surge yet, the speculators are expecting a change in the market sentiment very soon.

As far as partnerships are concerned, Binance has been engaged in a strategic collaboration with NEO smart economy, one of the most promising blockchains in China as well as the world. The currency is likely to involve in more lucrative partnerships by the end of this year.

Final Thoughts:

The BNB token currently holds the 20th position on Coinmarketcap with a commendable market cap of circa $1.4 billion along with a price of approximately $12 (as of 19th April 2018). As soon as the effects of the recent event of coin burn begin, the price of BNB is likely to experience a positive surge. With more new partnerships and upgrades, the user interface and security of this currency are also likely to ameliorate significantly. Hence, the importance of investing in this default currency of Binance Exchange is now quite evident.

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

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.

Image courtesy of OTA Photos via Flickr

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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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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