Post
Topic
Board Exchanges
Re: CZ officially bids goodbye to Binance. Will Binance Crash or still stand Strong?
by
KingsDen
on 27/11/2023, 16:45:54 UTC
Binance still appears strong, even though CZ announced his resignation. His move seems well-timed; even though he's no longer the CEO, he can still control the company behind the scenes. People aren't panicking about the news, and I believe Binance will continue to be an exchange that positively impacts the crypto community.

It's been a week, and I think CZ's good ethics haven't caused much turbulence in market sentiment. Just a few days ago, I noticed BNB experienced about a 10% price drop but managed to recover. Meanwhile, Bitcoin's price wasn't significantly affected, with fluctuations being more of a correction.
Binance is no longer a baby company to be honest. CZ is no longer pampering binance and to be honest, many people and including the government has a stake in binance,  directly or indirectly.
When binance boosted about their reserves, many of us thought it was a joke and today we have seen that binance is able to pay any fine and still stand strong.

I thought BNB will drop upto 50% after CZ resignation,  but I wasn't even upto 10% and has already corrected.  So, there's no other FUD that will pull the market down. Binance is in auto pilot and doesn't need 100% intelligence to keep working.