We tried to predict future price of
Binance Coin token, but we kind of failed to estimate the range of the movement upwards. We have considered it a good pick to buy and hold in 2019, but it greatly exceeded our expectations in terms of price growth. As we started following it at the end of December 2018 and recommended buying at the beginning of January, most of the readers missed the train and have just been watching price going up from $5 up to almost $10 per BNB. And "they" say the reason of the rally was better perspectives for the business, which was in contrary to the more obvious reason, which was end of the internal Binance Competition, which should cause lower demand for BNB. This was false read though. Most of investors are enjoying healthy profits and this short story won't probably cause anybody to make deeper analysis. Or will it?
For those who bought BNB on December- 2 weeks time in 2018 did really make almost 200% profits on a short time.It isnt bad return for the short duration but we are seeing pullback
into its price as of this moment going down to $8 which isnt surprising. Rally is over and its time to go back on the trail yet profit taking is gradually happening.If Binance would sustain
the top spot, we might possibly see gradual increase on future.