Binance coin (BNB) has gained a large interest in the quarter of the media in the last few days because couples BNB/BTC reached his highs all the time on Monday. Token-based Ethereum created by Binance development team to reduce the cost of trading on platforms of 50% while offering the liquidity to the customer.
In Q1 2018, Exchange Binance Cryptocurrency also reported a profit turnaround is greater than most of the top banks in the world. Goldman Sachs, JP Morgan, Deutsche Bank everything produces a profit less than Exchange cryptocurrency. This attracted the attention of most investors.
Reasons to invest in BNB in 2018
1. long term Prospects
Most of the current crop of investors coming to investment cryptocurrency do it in hopes of making supernormal profits in a short time as a case back in 2017. However, more and more amateurs in the field are aware of make money fast from the market is not as easy as they imagined.
BNB offers most of these amateur way out because it is on the rise even during times of turmoil in the markets as seen during the turn down recently. When the rest of the market fell under the numbers $300 billion USD in the last 30 days, BNB see the price soaring of 36% in the same period.
2. The exchange of Binance cryptocurrency offers a buffer for BNB
Binance cryptocurrency currency exchange is the largest in the world with a daily trading volume reaching almost $2 billion USD to more than 100 pairs to be traded. BNB was introduced by Binance development team as a token Exchange options back in mid-2017. Coins of the BNB has been consistently rising to a higher level because Binance get more customers on the platform.
Unlike Coinbase and other trading cryptocurrency exchange of fiat, the Exchange Binaries are not crippled with increased restrictions on KYC/AML that enable it to add coins in his joy. With Binance which grows in size and customer base, BNB will be positive because the victims more and more customers who buy coins to reduce costs when transacting on the platform.
3. Increasing the number of coins in the Binance platform
At that point [2] we have briefly touched on Exchange Binance that increases the number of token as a whole and the overall impact on the BNB. In the last 2 months, the teams Exchange Binance has added 15 new token onto the platform with other new couples who are also listed on the stock exchange. With the increasing number of coins on the platform, then use the BNB will be given 50% trade discount.
With the addition of coins on a platform, the BNB has seen an increase of over 50% in a period of two months. For each day of the Binance platform, has the BNB is not an option but a necessity. This increases the likelihood of usage BNB token as a whole to further improve the price.