The Binance token currently retails for less than $9 and has a huge future. Standing at the 27th largest token by market cap, Binance coin peaked at $24 in January of 2018 after the cryptocurrency bear market. This coin is the ERC20 token that users and purchasers can use on the Binance exchange platform to get a 50% reduction in fees.
The Binance exchange is the largest cryptocurrency exchange today, with a recent gain of 24,000 users after adoption of millions. The key to Binance coin’s growth is really its use in fee reduction. The coin’s recent fall during the bear market has put it in value range and the rebound is coming soon. Check out the classic head and shoulders chart pattern.
With Binance seeing exponential growth, it makes sense to get in on the ground floor. Current resistance levels for the coin stand at $6. The coin could follow an upward path to $10 as cryptocurrencies recover, but the biggest catalyst is mass adoption from the masses joining the platform.
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