Binance Coin - BNB in Short.
On 14-7-2017 ICO price was $0.1063 with Maximum Supply 200 Millions tokens of BNB runs on the Ethereum Blockchain based on ERC20 Protocol.
Trading BNB started on 6-11-2017, opened at $1.5/BNB in first week.
BNB pumped from $1.49 to $25.18 in 9 weeks then dumping hard to $5.52 in 4 weeks.
2017 has been ended with burning 2,807,586 BNB ($41.5 millions) by Binance's team.
From February 2018 to June 2018, BNB tried to pump its price until $17.47 then dumping slowly to $4.12 in ~24 weeks.
2018 has been ended with burning 8,016,885 BNB ($88.4 Millions) by Binance's team.
According to the news that Binance Chain will be launched in Q1/2019, the price started to increase from $4.12 to $20 on 1st week of April 2019, then dumping to $16.25 on 2nd week of April 2019.
Q1/2019 has been ended with burning 829,888 BNB ($15.6 Millions) by Binance's team.
After Binance had tweeted this, the price pumped from $16.25 to $25.49 in 2 weeks, then dumping to $18.30 on 1st week of May 2019.
Before Binance launched HARMONY Project on 27-5-2019, the price had pumped from $18.30 to $35.48 in 2 weeks.
The price of BNB dumped to $28.71
Q2/2019 has been ended with burning 808,888 BNB ($23.838 Millions) by Binance's team.
The price pumped to $39.59 as a new ATH instead of $25.18.
At that time, you had to sell at $39 at least before the hard dumping. According to weekly chart, the price pumped from $4.12 to $39.59 directly. Binance distracted you by following their launchpad's projects from the beginning of 2019. Take a look at Binance Launchpad.
To sell your coins at highest prices, you should increase the activity of your services such as;
- Updated Rules for Binance Launchpad
- Binance 2.0: One Platform, Two Functions
- Binance Lending and etc.
Binance and their team makes you buy and hold crypto at highest prices ( Especially BNB ), so you have to trade without losing and trying to read the trend of market.
Now, we should uptrend to $56 in organic buyers not bots or pumping from whales to see a new ATH ( The price of BNB controlled by Binance's team ).
TARGET 1
If we does uptrend to $56
We will see $77 and $93
TARGET 2
If we doesn't uptrend to $56
We will see $18.40 and $11.55
You can do scalping trades between $25.70 - $18.40 on your own risk, but if you can't handle your scalping trades without losing, SELL now and set a BUY order at $18.40