There was a time when investors and newbies went on a crazy spree to invest on exchange tokens like BNB, OKB, BIX, HUOBI TOKEN, Kucoin Shares and Aurora...
Many of them strated pumping from 3-4 days and it was not a small one. I have seen that this happens when BTC moves big. What is your opinion on this..?
I saw that they are also starting to move upward as I visited if what happened to BNB price and upon looking at it's chart it's price almost doubled already in less than 2 months.
Upon checking Jan 1 - Feb12, the price of Jan 1 is 13$ and Feb12 is 25$. It only means that bull run is near as the altcoins are also pumping up aside from bitcoin. I haven't check the other exchanges but there is a big chance that they also grow as most of the graphs in coinmarketcap are pointing upward the same with exchange tokens and other altcoins.
Usually the prices for such similar coins backed by strong exchanges might run in a similar way. We might even expect a pump in some other coins like OKB, BIX, etc as even these are been supported by strong backed exchanges. Binance is one of the most popular exchange and that is what is doubling the price for their base token commonly known as BNB.
In few coming months, the price for BNB might even double the current price which might land up near $50 before the altcoin season arrives. We can't assume a exact price in case bull runs arrive because perhaps most of the people might cashout their funds from such coins to hold major altcoins like eth, btc, etc in terms of bull runs which might even cutback their prices.