Post
Topic
Board Altcoin Discussion
Re: should hold or sold BNB ?
by
SirLancelot
on 18/05/2019, 07:56:36 UTC
It looks like some big players have got themselves involved with BNB. Until 2-3 months back, the daily volumes used to be in the range of $25 to $30 million. This has increased by 10 times, to $250-300 million. There have been a sharp increase during the first two weeks of this month. Anyway, for me it looks quite suspicious that this coin could rise by 170%, despite the fact that Binance underwent a major hack. It is quite possible that the exchange is pumping its funds in to BNB, to give a feeling that everything is going well.
There should be no doubt about that. BNB was around $8 in the market few days ago and it is now around $26. This is really a quick pace of growth. A 10x rise in the trading volume is also a clue towards the possibility of getting the big fishes involved with BNB. Regardless of the reason it has been gaining value, it is an attractive asset to invest in now.