Home / Crypto News / Crypto-Bourse Binance Coin (BNB) is scratching at a new all-time high of $ 32: What's behind it?

Crypto-Bourse Binance Coin (BNB) is scratching at a new all-time high of $ 32: What's behind it?

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Binance Coin IEO's Record Course
The Binance Coin (BNB) has been going from high to high since the beginning of this year.

The Binance Coin (BNB) is the native cryptocurrency of the crypto exchange Binance. Since early 2019, the coin has developed particularly well. The reasons for this are diverse. So the release of the Binance Chain, the Binance DEX and the Binance Launchpad should play a role.

The Launchpad by Binance is particularly noteworthy. This is a token sales platform. A whole range of tokens sold there have recorded exceptionally high growth rates. These include, for example, the BitTorrent Token (BTT), Celer (CELER) and Matic (MATIC). Customers who have bought Matic tokens can look forward to price increases by a factor of 17.11. IEOs have also recorded high growth in other crypto exchanges.

Project that went through @Binance Launchpad. Congrats! pic.twitter.com/YKIIGyHmJZ

– CZ Binance (@cz_Binance) May 19, 2019

Future Profits and the Binance “Coin Burn”

These profits could be what drives investors to buy the Binance Coins. Connected with this is the expectation of further high profits in the near future. In addition, the quarterly “Coinverbrennung” should also contribute. Binance destroys part of its own coins every quarter. This has the effect of deflation and makes the remaining coins increase in value.

However, not all community members are happy with the development. For example, user Harry Papacharissiou questioned the purpose of the coin on Twitter.

when the CEO himself promotes 'high returns' of shitcoins that he uses his centralized platform & token, you know they are scams that exist purely to raise capital. Good CEOs in this space do not talk about price, they focus on the tech and adoption

– Harry Papacharissiou (@ pappas9999) May 21, 2019

The Binance Coin recently reached a price of nearly $ 32. She had dwarfed her previous all-time high of over $ 23. In the last 25 hours before the editorial deadline, Coin's share price has risen by 10 percent.

The recent hacking attack on Binance has not detracted from the Coin's flight. Although $ 40 million worth of Bitcoin was stolen during the attack, the price barometer for the Binance Coin appears to be pointing higher.

Buy Binance BNB

Source: Pixabay

Author: Peter Joost – Source Post: https://www.kryptovergleich.org/kryptoboerse-Binance-coin-bnb-kratzt-an-neuem-allzeithoch-von-32-usd-was-steckt-dahinter/

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