BNB is the seventh largest Cryptocurrency in the world by market value, and its crazy price rising trend has been maintained for five months.On January one, two0one9, the trading price of Coin An Coin BNB fell from a historical high of $two4
BNB is the seventh largest Cryptocurrency in the world by market value, and its crazy price rising trend has been maintained for five months.
On January one, two0one9, the trading price of Coin An Coin BNB fell from a historical high of $two4.50 a year ago to $6. In the past onetwo months, the value of BNB has dropped by more than 75%, but the coin has basically suffered a similar fate to the Cryptocurrency market. After the most spectacular bull market in two0one7, the whole Cryptocurrency market collapsed, and the price fell in a spiral manner, which continued throughout the year. Traders have begun to refer to two0one8 as the "cryptocurrency winter" of Bitcoin and Shanzhai, with their assets falling by 90% or more across the board.
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BNB reached a new historical high
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BNB may not have the dazzling quality and household name of Bitcoin, but this currency will bring investors a sense of utility that goes beyond price speculation. Ironically, BNB is becoming one of the leading currencies in the market, thanks to the actions of Changpeng Zhao, CEO of Cryptocurrency exchange, and his team, considering that the currency originated from the leading cryptocurrency exchange.
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Plot the growth of BNB
Compared with other Cryptocurrency that operate mainly under the requirements of small development teams and their decentralized communities, BNB has millions of traders using exchanges. In addition, over the past year, Coin An has cleverly implemented some plans to increase the intrinsic value of traders, not only investing in BNB, but also holding this currency for a long time, thereby driving up price demand.
BNB not only provides transaction fee discounts for coin security users, but also allows them to exchange the remaining small amount of coins into small change through the "dust removal" program. A small amount of Cryptocurrency accumulated in incomplete market transactions can be swept into a pool that can be converted into BNB like dust. Therefore, more traders unknowingly accumulate BNB while creating a process that contributes to the demand for currency purchases.
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The final result is a substantial increase in demand for BNB, in addition to creating a feedback cycle, the currency features on one of the world's leading exchanges - as the best performing Cryptocurrency on a regular basis.
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