The last few days have been a bloodbath when it comes to cryptocurrencies and their prices. Not only did South Korea state that they were going to ban all anonymous accounts on South Korean exchanges a few days ago, but now there are numerous reports out saying that they are going to ban trading cryptocurrencies altogether.
This could be FUD(fear, uncertainty, and doubt) to drive the prices down, or it could be legitimate news. Either way, the prices for crypto have not looked too hot over the past few days, and especially in the last 24 hours.
Through all of the bad news there are only 2 coins in the top 25 that have managed to hold their ground and actually produce gains over the last 24 hours:
**EOS**- This is an ERC-20 token that will soon have it's own Blockchain. The coin will be very similar to Ethereum in the sense that you will be able to build your own token on the EOS Blockchain. The main difference between ETH and EOS is the fact that Ethereum is having troubles scaling up their transactions per second, and EOS is said to have already be thousands of times faster than Ethereum. A lot of tokens have been switching off of the Ethereum network as of late due to increased transaction times and fees. If EOS delivers 10 percent of what they promise, they should easily be a top 5 crypto, if not the number 1 or 2 crypto within a matter of months.
**Binance Coin(BNB)**- This is the coin for the Binance coin exchange which has quickly become one of the most popular coin exchanges in the world. There have been so many new sign-ups that Binance recently had to freeze the approvals, and they are now slowly re-opening for a couple of hours per day. Owning Binance coin will save you 50 percent on all exchange fees while trading on the Binance exchange. 50 percent of the BNB supply will also be burned in the future which should increase the price, because the supply will be cut in half and there should be lots of hold positions taken before this event takes place. Sign up for the Binance exchange here!(you can also buy EOS on Binance) There may be a hold so you might have to check back a few times per day for a couple of days to finally gain access, but joining this exchange is definitely worth it, in my opinion.
Let's hope that cryptocurrency can bounce back from the dreadful few days that we all experienced as of late.
What do you think will happen within the next few days? A continued bear market, or a bullish recovery? Tell me in the comments!
To the moon,
