by Darcy K. Butcher | Pacific Rim International | 13 March 2018
My Opinion: BNB COIN HAS INTRINSIC VALUE
*This announcement is bullish because it points to the fact that Binance leads with vision and sustains a cutting edge projection towards further development of a successful community, including a DECENTRALIZED exchange and their own blockchain. This embraces the emerging technology of blockchain and its tailored use. This is the future of trading of all assets (all are tradable) and all can participate in the market without many of the restrictions with guidance, security and structured format. -Darcy
BINANCE SEES 30%+ GAINS
It's easy to spot. The biggest gain in the markets in the last hours is Binance Coin (BNB). It is by far, the biggest gainer in the last 24 hours and has shown an increase of almost 30%. This comes at a time when only 8 cryptocurrencies are operating in the green zone. At the moment, Binance Coin, is being traded at $10.57 USD and has reached $1 billion dollars’ market capitalization. It is now the 24th most important cryptocurrency by market cap.
For many, Binance is one of the most important cryptocurrency platforms in the market. As a new comer to the crypto space Binance has become one of the best performing cryptocurrency exchanges in the world. According to coinmarketcap, Binance is the first exchange by trading volume, managing almost $1.5 billion dollars in the last 24 hours.
“We know how hard it is to create a business, however, creating history is even harder,” reads the article released by Binance. “We need to continuously improve and disrupt ourselves. We need to work together to create a better version of ourselves. The future belongs to the new us, together,” finishes the statement.
Binance founder Changpeng Zhao continues to provide strong leadership and the team brings confidence to the crypto space. They have been working to develop and maintain a great product. They are recognized as being successful, transformational and are still expanding their capabilities and services.
As Binance Coin (BNB) continues to adapt, grow it is also receiving an upgrade It will exist on its own blockchain mainnet, and will become a native coin. Hours ago an official statement released by Binance explains their development of a public blockchain that will be focused on transfers and trades for different blockchain assets.
HERE IS THE OFFICIAL STATEMENT FROM BINANCE:
Fellow Binancians,
In the world of blockchain, we have always believed that actions speak louder than words. Thus, a tailored blockchain is the best way to communicate ourselves.
In just six short months, Binance has transformed into one of the world’s most popular cryptocurrency exchange platforms. Additionally, we completed Binance Labs (a blockchain technology incubator), Binance Info (our Codex), as well as many other components that comprise the Binance ecosystem. We believe that continuously supporting high-quality blockchain projects is the best way to develop this industry. We will continue to improve this part, as we committed in our whitepaper. However, for Binance, this is far from enough.
After extensively researching decentralized exchange frameworks and analyzing existing implementations, we believe significant improvements can be made in providing Binance users with a level of trading experience to which they are already accustomed. Centralized and Decentralized exchanges will co-exist in the near future, complementing each other, while also having interdependence. We stand here today because we believe that Blockchain technology will change the world. In the face of adversity, we have always elected to tackle issues head-on, instead of retreating. As such, we have decided to officially launch the development of the Binance Chain.
As a public blockchain, Binance Chain will mainly focus on the transfer and trading of blockchain assets, as well as provide new possibilities for the future flow of blockchain assets. Binance Chain will focus on performance, ease-of-use, and liquidity. Binance Coin (BNB) will be upgraded to exist on its own blockchain mainnet, becoming a native coin. At the same time, Binance will transition from being a company to a community.
We know how hard it is to create a business, however, creating history is even harder. The real enemy is often ourselves. We need to continuously improve and disrupt ourselves. We need to work together to create a better version of ourselves. The futures belongs to the new us, together. Thank you for your unwavering support.
Thanks for your support!
Binance Team
2018/03/13
Find us on
Telegram: https://t.me/binanceexchange
Twitter: https://twitter.com/binance_2017
BNB IS AN UNDERVALUED COIN
TRADE SIGNALS ISSUED FOR LONG TERM HOLD
Could this be Pumpos & Dumpos?
With a fundamental like this? Dont think so
Maybe not as BNC had corrected significantly and with the decline in the market that last several days was poised to trend upward.
Hmmm, good point. Maybe? Because we know that this happens and bots as whales effect prices. And is BNB pumping it's going by releasing this info? Are they headed towards developing a decentralized system based or paired with BNB token? All things are likely good to consider as they can effect price action.