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Why Binance Coin (BNB) Will Skyrocket

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Binance Coin
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The crypto space of 2019 is seeing a significant improvement in performance, coin prices, and investors’ behavior and feelings regarding the crypto market. Numerous coins have surged to heights not seen since mid-2018, nullifying the mid-November market crash in the process. However, with that being said, there are still periods of price corrections, one of which is affecting the prices right now, at the time of writing.

Even so, the performance of some coins is more interesting than that of others, particularly Binance Coin (BNB). The coin is seeing difficulties, but when we look at the bigger picture, Binance Coin is one of the cryptocurrencies with the most potential for further growth, and maybe even market domination.

Binance Coin’s current troubles

Binance Coin has been one of the best performers in the entire crypto industry of 2019. Considering the fact that there are over 2,200 cryptos out there — this is quite an achievement. It was made possible due to the fact that BNB decoupled from Bitcoin (BTC), meaning that it stopped following Bitcoin’s lead. This made it the only cryptocurrency right now to have done this successfully.

However, BNB is currently not performing so well, and for an obvious reason, too. The reason, of course, is the recent hack of Binance, the world’s largest crypto exchange, and the company behind BNB. The recent hack had seen 7,000 BTC stolen from one of Binance’s hot wallets, which is a minor amount for the exchange, but a massive one for investors that are expected to trust the exchange with their funds.

While Binance addressed and handled the situation quickly and professionally, the fact that even the largest and most trusted exchange can suffer an incident like this has left many concerns. As a direct result, BNB’s rapid advancement was slightly affected.

BNB will go to the moon anyway

With that in mind, many still believe that BNB will skyrocket before long, and they are likely right. The coin is one of the most promising cryptocurrencies in years, and it has massive use cases in the Binance ecosystem.

As many are undoubtedly aware, Binance has recently launched its own blockchain, its own DEX, as well as several crypto-to-fiat exchanges, one in Europe, known as Binance Jersey, and one in Asia, known as Binance Singapore. Many more are expected to arrive, but the point is that Binance’s ecosystem is growing at a rapid pace.

One thing that all of these projects have in common is BNB, which is the native, universal cryptocurrency of the entire ecosystem. As such, everyone who uses Binance’s exchanges or platform will have to go through BNB. Not to mention Binance Launchpad, a platform for holding token sales, which only gives trusted coins in exchange for BNB.

In addition, BNB brings major discounts to those who use it, and the coin’s performance is very promising. With all of these use cases, great progress, and the world’s largest exchange at its back — BNB is bound to head for the stars. Binance’s hacking incident did come as a concerning development, that much is true.

However, the exchange is one of the most capable entities in the crypto world, and will undoubtedly take every precaution that something like that never happens again. Not only that, but its Binance DEX, its decentralized exchange, removes such risks entirely, thanks to the fact that DEXes do not require traders to deposit their coins. In other words, Binance’s issues can be resolved, but the coin’s usefulness will not fade away. Instead, it is far more likely that BNB will be one of the biggest, most used, and most influential coins in the entire crypto industry.

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

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Aluna.Social
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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,…

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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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…

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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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