Connect with us

Cryptocurrency

Here’s how Binance Coin performed in Q1 2019

Here’s how Binance Coin performed in Q1 2019

Binance Coin (BNB) is the cryptocurrency offspring from one of the world’s largest virtual currency exchanges, Binance. The token was launched in July 2017 as an ERC20 token based on the Ethereum blockchain, in its initial coin offering (ICO) it raised over $15 million for Binance.
Binance as a cryptocurrency exchange was launched in early 2017, it was the world’s largest cryptocurrency exchange desk (by trading volume) by April 2018 the following year.
Binance Coin is primarily used to pay for services and fees when trading other cryptocurrencies or digital assets on Binance itself. Using BNB often grants the trader discounts over using other payment methods on the exchange, as a result, it’s often characterized as a sort of loyalty coin.
BNB cannot be mined, as it was all premined during Binance’s initial offering. If you want to get your hands on some you’ll have to buy some through an exchange. Even though BNB is native to Binance, it can be traded on other market places too liek Banco, IDEX, and Gate.io.
Given the size and popularity of Binance, BNB coin has continued to grow as one of the most valuable cryptocurrencies available today.
Binance coin 2018 recap
BNB got off to a good start in 2018, it opened the year at just under $10.00 and rose up to $24.46 by the second week of January, but following a market correction it  dropped nearly 30 percent in the following 24 hours. This would be the highest price BNB would see all year.
Binance Coin 2018 performance reviewBinance Coin remained uncharacteristically stable, as far as tokens go, for the main portion of the year going through period up and down swings, from between $12 to $17. BNB wasn’t strong enough to resist the bear market though, over the last two weeks of November its value dropped swiftly, by around 40 percent, from $9.45 to $5.61.
BNB/USD 2019 Q1 performance review
If only all cryptocurrencies and tokens performed like Binance coin. It set the perfect example for how to start a year, opening from its disappointing end in 2018 and showing nothing but growth.
Credit: eToroBinance Coin Q1 performance reviewBNB opened the year from where it left 2018 at $5.92, by the end of January it had grown a very conservative 5 percent to $6.17. Indeed, that is nothing to shout about but Binance Coin also threw up no surprises, and showed positive growth in a period where most other cryptocurrencies were faltering.
February was a much better month, and again BNB showed a strong upward trend with no negative surprises to report on. Across this month, the exchange token saw 57 percent growth, increasing from $6.17 to $10.34 over the 28 day period.
End of Q1 Binance Coin performance reviewThis trend continued strongly into March, and the coin saw a further 55 percent growth growing from $11.46 to $17.47. The last day of the quarter was also the day that BNB saw its highest price for the whole opening quarter. From the start to end of the quarter Binance Coin has grown from $5.92 to over $17, a near 200 percent increase in the space of three months.
Noteable events for Binance Coin in Q1
Binance Coin was listed on a further three cryptocurrency exchanges over the first few months of the year. As a utility token for the world’s biggest exchange, the more freely it can be traded, the better it would seem.
Binance Coin was listed on Livecoin on March 21 and Bitrue on March 28, observing the charts, days after these listings the coin characteristically jumped in value. The exchange coin was also listed on Bitsten on April 2, and again, saw a noticeable price increase in the hours that followed.
Binance Coin’s inextricable links to its parent digital asset exchange, seemingly also has a positive impact for the token. At the end of March news broke that Binance would be helping over 1,300 newsagents in Australia sell Bitcoin direct to consumers with the help of “Binance Lite.” There has been no mention of Binance Lite offering BNB, but any news that’d good for Binance is also good for Binance’s native token.
BNB veterans will know that at the start of every quarter there is a coin burn, where a portion of available BNB is destroyed in the interest of encouraging positive growth for the remaining tokens by reducing the circulating supply.
Looking forward into Q2 2019 and beyond
Binance Coin has already gotten off to an excellent start in Q2, and is already setting a new high for the year at a hair under $20 per token. Indeed, given the strong start BNB has seen so far this year, and in the first few days of Q2 2019 looks like it could be a stellar year for the fledgling exchange utility token.
While a date for final roll out has not yet been announced, Binance further pushed forward with plans for its own blockchain, Binance Chain in Q1. There is no doubt that in the remaining months of the year we will hear more news about Binance’s blockchain development and eventual move to becoming a decentralized exchanged. It’s certainly a story to follow closely if you are closely interested in the performance of BNB.
Binance Coin start of Q2Binance has established itself as one of the most profitable cryptocurrency businesses, and it seems to be displaying the same strength into 2019, with further expansions and product launches on the horizon it should only be good news for BNB holders.
If Binance is performing well, you can probably be sure that its native token will be too.
Want to get your hands on a share of $1,650,000 worth of Ethereum? eToro is giving away 0.1 Ethereum to the first 100,000 sign-ups of its new wallet. Now go claim your free Ethereum and sign up for the eToro wallet by clicking on the link here.

This post is brought to you by eToro. eToro is a multi-asset platform which offers both investing in stocks and cryptocurrencies, as well as trading CFD assets.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Cryptocurrencies can fluctuate widely in price and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework.
Past performance is not an indication of future results. This is not investment advice. Your capital is at risk.

Published April 26, 2019 — 15:18 UTC

Source

Continue Reading
Advertisement
Loading...
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Cryptocurrency

Everything 3lau needs to perform live

Everything 3lau needs to perform live

What’s in your bag? is a recurring feature where we ask people to tell us a bit more about their everyday gadgets by opening their bags and hearts to us. This week, we’re featuring music producer and record label owner 3lau.
Justin Blau, otherwise known as 3lau, is sitting with The Verge on the floor of a green room trailer at a festival. We’re directly behind the main stage, and the trailer’s wood-paneled walls are vibrating from the act currently playing. Blau himself is about to step on stage, but is letting us rummage through his briefcase beforehand, which contains all the things he needs to perform live.
Known for his melodic-leaning dance songs, along with other endeavors — like blockchain-powered festival OMF and non-profit record label Blume — Blau’s reach extends far beyond music itself. And he’s always forward-thinking. In the past year he’s collaborated with the likes of HYO from Girls’ Generation, worked on a track with Ninja for the gamer’s NINJAWERKS Vol. 1 compilation, and put out several lush and pop-forward singles on his own imprint, like “Touch” and “Would You Understand.” He has two albums planned for early 2020. On top of that, as evidenced by where we’re talking with Blau, he maintains a constant touring schedule.
It’s a lot for one person to juggle, but as we see in his bag, Blau’s able to do it all through being a very meticulous person. “Wow,” he says in admiration after The Verge has arranged his array of cables on the trailer’s carpet. “It looks really pretty. You guys did a great job, and I’m very detail-oriented.”

You have a briefcase?
There’s a lot of interesting things in here! You’re skeptical!
No! It’s just unexpected.
I just come to the show like this. Business. It is a Tumi. I do love Tumi. My luggage is also Tumi. I use this because I already have a backpack. If you see my full luggage setup, the briefcase makes more sense. It fits perfectly on one side of my luggage. I’m super efficient about how I pack.

And here I have my DJ controller.
Whoa! That’s the perfect size for your bag, and I love the color.
Thank you. It’s custom iridescent red.
Does it glow under black light?
It does. Part of the Ultraviolet idea. It’s made by a company called Livid. They’ve actually discontinued it, which is a nightmare for me because I only have two. If they break I’m literally screwed. I’ll have to reprogram one or ideally have somebody else design one. It’s basically a MIDI controller for Ableton. I’ve always DJed with Ableton. Everyone is like, well why don’t you DJ with CDJs? And the reason why is because when was in college I couldn’t afford CDJs. I learned on Ableton. A CDJ setup is like, four grand, and there were no clubs for me to go check it out. And this little thing is $500.
It was a way more affordable alternative. I stole Ableton at the time, totally did not buy it. But now I own Ableton and am a real licensor.
I had the APC 40 back in the day and this [Livid controller] was the replacement. It’s more customizable. There’s a lot more I can do with it. I can create my own custom MIDI scripts. It’s really cool.
Livid knew that I was using it from photos and they reached out to me and said they wanted to make me a custom one. My first one was black and they powder coated it this red. It’s one of a kind. And it’s discontinued. So this is my pride.

Let’s see what else you’ve got in here.
My backpack has my production laptop, and adapters, my headphones, all that stuff. This bag has the stuff I need live.
This is a good one. An extra battery.
Does that charge your laptop too?
Yes. It’s a newer Mophie. I love them. This battery can charge the laptop and the phone. I usually travel with three of them because on an international flight if there isn’t an outlet when my laptop dies, I know I have batteries I can use. Ideally that will eventually change. But international flights don’t always have adapters, and that’s why I travel with three.
Dongles. More dongles. And more cables. I keep extras because it’s so easy to lose them.
And then the trusty old earplugs. And a splitter. A splitter is especially good at festivals if I’m hanging out with another artist and we’re showing each other new music. It can be loud, and there can be a lot of people in the green room.

What do you use this laptop for?
So this is just the DJ laptop. Way less ports, which is why I have those extra dongles. Disaster. This is the 13 inch, and then I have a 15 inch as well.
What phone is this?
The iPhone X. Worst phone ever.
Why?
Well, actually the software update fixed a lot of problems. The Wi-Fi used to fucking close for no reason.
Is there a particular reason why you have an iPhone?
The ease of connecting everything. Because I’m all Mac it makes life easy. I communicate with everybody on iMessage.

And these earplugs and earbuds?
I have Westone custom earplugs because this is the first company that somebody told me about. At the time I ordered, it was like, $50 per extra mold. I got three molds and I’ve only lost one over the past eight years or so. I’m proud of that. I did lose one of the db filters, but you can order those on Amazon.
If you’re at festivals enough, it’s something to consider. Honestly, I’ll also use the dead plugs on airplanes sometimes, and it just cuts everything, even babies’ cries. It’s the best kind of earplug.
And then I have portable little Beats. I don’t particularly love them, but they’re great for when I’m in the green room and on the laptop. It’s nice to bring this little bag instead of the big headphones. I normally have the Bose QCs when I’m on airplanes.
What about these USBs?
These are fan songs that I probably haven’t listened to yet.
People gave you those?
Right. A lot fans give them to me and I say, listen, here’s my personal email, I promise I’ll check it but I’m sure I’m going to lose the USB. Those are two of the maybe 50 that I’ve kept. I have no idea what’s on them. Once a month I try to go through my demo folder and listen to as much as I can. And in some cases I wind up working with some of these artists.

Where did you get your wallet?
It’s my Margiela wallet. I ordered it online from a website called SSense where I order a lot of my clothes from.
Matthew Reeves: It’s sale season!
You know! I see the Y3 shoes over there. I see it.
Dani Deahl: Matt is one of Rick Owens’ primary photographers.
Wait, what? Hold up. No way! Oh my god. I normally have a Rick zip-up sweatshirt vest. But it’s so hot so I’m not wearing it now. I got it when I was in the Rick Owens store in Tokyo. He’s got a sculpture of himself in there that’s crazy.

Why do you have a Sharpie?
There’s always a fan that wants me to sign something. Signing someone’s phone is the most common request believe it or not. They want me to sign their phone cases. Some people let me sign straight on their phone. Hats are the second most common.
I think I know where the $2 bills are from.
They are from Steve… Two Dollar Hollar. Steve Reisman is a very successful entertainment lawyer. He gives all his favorite artists $2 bills whenever he sees them. He’s just loaded up with them all the time. He’s really close with Drake and a lot of big artists, and I’m honored that I’m a friend of his. I use the $2 bills for valet tips. I keep every $2 bill I’ve gotten from him in my car.
[Places card down] We’ll put that in there just for fun.
What is it?
It’s for a blockchain-powered festival I threw last year called OMF.
And last, the Listerine strips.
Listerine strips are always on my rider. It’s more efficient than gum. I don’t want to carry a pack of gum in my pocket, but I want that because it’s small. I wear tight jeans. It’s as simple as that. And if I forget and they get washed, it just dissolves and smells really good. That happens all the time.
Vox Media has affiliate partnerships. These do not influence editorial content, though Vox Media may earn commissions for products purchased via affiliate links. For more information, see our ethics policy.

Source

Continue Reading

Cryptocurrency

Max Keiser Says ‘Stack Satoshis,’ Bitcoin to Beat All Asset Classes

Max Keiser Says ‘Stack Satoshis,’ Bitcoin to Beat All Asset Classes

Max Keiser Says ‘Stack Satoshis,’ Bitcoin to Beat All Asset ClassesMax Keiser tells Crypto Trader that when an asset rises from $5,000 to his price prediction of $100,000, it is going to beat the returns of every other asset class. | Source: (i) Brendan Moran / SPORTSFILE / Web Summit (ii) REUTERS / Dado Ruvic ; Edited by CCNBy CCN: Broadcaster Max Keiser is a noted bitcoin bull. The host of the Keiser Report on media channel RT is well-known for his $100,000 bitcoin price forecast, telling the world time and again to keep accumulating the digital currency because it is on its way to hitting six figures.Keiser doubled down on his $100,000 bitcoin price target earlier this month. Now he’s reiterating his ambitious outlook, suggesting in an interview with CNBC Crypto Trader that it’s only a matter of time for the bitcoin price to reach his target.“The timing is immaterial. It is still going to outperform every other asset you can possibly imagine owning over the next five, 10, 15 years. Forget about timing. Timing is for people who think that, ‘I’m going to wait and buy it at a better price.’ And that is a bad way to approach crypto. Stack Satoshis!”‘Best-Performing Asset’Keiser’s reasoning for bitcoin beating every other investment category is simple – when an asset rises from $5,000 to $100,000, it is going to beat the returns of every other asset class.While Keiser is willing to go out on a limb on the bitcoin price, he believes it’s a bad idea to try and time bitcoin’s rise. According to Keiser, one should keep accumulating the cryptocurrency instead of waiting for a better entry point because of the massive upside potential. He even recommended that people not waste their money buying Mother’s Day gifts. Instead, he says, investors “should have been stacking Sats.”All of this makes it evident that Keiser is a big-time bitcoin bull.Hyperinflation a Big Catalyst for the Flagship CryptocurrencyKeiser is critical of the Federal Reserve performing quantitative easing. He said during the interview that the Fed’s inclination toward permanent quantitative easing would lead to “money printing without end.”Keiser believes that such a move would lead to hyperinflation, and bitcoin – like gold – will thrive in such an environment. This is not the first time that a Wall Street veteran is comparing the digital asset to gold.Asset management firm Morgan Creek Digital recently said that bitcoin price could hit $500,000 because it is a better investment than gold.An increase in money supply is one of the two reasons leading to inflation. Hyperinflation occurs when a country’s government begins to print money to meet its spending and fails to tighten the money supply when needed. In a state of hyperinflation, the value of gold shoots up as it is a known hedge against volatility and inflation.As it turns out, bitcoin is displaying gold-like characteristics. The price of bitcoin has rallied at a time when there is volatility in the global markets.Fascinating interview between @maxkeiser and Harry Halpin, who is building the next level of privacy for the internet https://t.co/ZHumJHP9vE— John Smithies (@jdsmithies) May 25, 2019What’s more, just like gold, bitcoin is a finite asset; only 21 million coins can be mined. So the demand for bitcoin is expected to increase in the future, especially if the Fed keeps printing money and creates a hyperinflationary environment.As such, Keiser believes buying and holding bitcoin would be a great idea because you could enjoy gains of more than 1,100% even if you buy it at the current price of around $8,000 – if his price prediction comes true. About The AuthorHarsh ChauhanHarsh Singh Chauhan has a wealth of experience evaluating publicly-traded companies across several verticals, including technology, oil and gas, retail, and consumer goods. He is a syndicated author whose articles have been published on reputed online platforms across the U.S., Europe, and India since 2011.This article was edited by Gerelyn Terzo.
Source

Continue Reading

Crypto Live Prices

  • USD
  • EUR
  • GPB
  • AUD
  • JPY
Advertisement
Loading...
Advertisement
Advertisement

Trending

Copyright © 2018 Crypto141.com