Post
Topic
Board Altcoin Discussion
Re: What's up with Binance Coin?
by
goinmerry
on 25/02/2021, 23:24:36 UTC
I'm wondering what could've lead Binance Coin towards new heights within such a short amount of time? Does the "De-Fi" hype have to do anything about this? Do you think BNB's current prices are sustainable or not? Your input will be greatly appreciated. Thanks. Smiley

It was rose to over $300+ and now experiencing a correction. Able to buy that coin for $50 but regardless of the price, my BNB was currently staked there, and never intend to sell it in the meantime as I doubt it will go back again to below $200.

The price increase hasn't to do with the Defi hype. There are lots of profitable activities to do just by staking BNB on their platform and that's what makes a demand. Since launch pool was always a success, it becomes a trendy method for others to earn. And the high gas fees on other chain makes it more reasonable for BNB to be used.