The BNB Price Action Makes Me Scared For the Crypto Market

in LeoFinance4 years ago

Have you seen the BNB price of late? Or should I say have you watched a tesla rocket take off, cus it is basically the same thing.

To the moon....

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A price move to shake you...

We've seen some aggressive moves in crypto since the bull market happened, however I don't know if we have seen the next level crazy train moonshots that BNB is making right now.

And the reason I'm not a fan is because market tops are always marked when you see euphoric prices rises like this.

Granted, this is just one on many many many coins out there, but is BNB really a top 3 market cap coin? Cus its about to be with this rise!

Interesting times indeed.

I'm still long a strong BTC, ETH, LINK, DOT, WLEO and RUNE but damn this market is interesting. A moon shot in one of my holdings is welcomed :-)

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We have almost the same holdings aside from RUNE. The markets are messed up; might as well ride along with it.

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I feel it will hit $1000k. I have said this a couple of times since yesterday. Something is taking place on BSC. Defi boom maybe. Things are about to go crazy. Just watching how everything unfolds

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Yes its called Insider trading.

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I held 1 binance a week ago. I off loaded it. Wish I didn't 🤣

Seems every coin I dump to put into my Leo wallet moons. I'll let you know when/if I sell my polkadot

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Haha, sweet. Yeah I will buy more DOT when that happens ;-)

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The Binance Smart Chain has surpassed the 24h volume of Uni. It's a big deal! And the price of BNB is rising exponentially because a lot of people have locked their BNB in some food or animal farm. Less BNB in the circulation makes the price skyrocket, right?

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It's really crazy . the chain offers more with super cheap gas fees

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100% a big deal.

  • 12B in total locked value
  • tons of utility
  • staking removes supply from exchanges
  • it's a deflationary token (Buy back and burn)

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I'm still long a strong BTC, ETH, LINK, DOT, WLEO and RUNE

Indeed these are good coins but in the short term BNB is getting all the attention. I will profit as much as I can from BNB and BSC and then diversify between BTC, ETH, DOT and few more.

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Binance mafia does a great job with their stock 2.0 BNB.
I'm not surprised it's mooning, but #3 is pretty out of control.

They are really good at knowing where the ball is going... and this could be insider trading due to some crazy feature coming out soon™.

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That would not surprise me at all!

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BNB is on an amazing ride, I wish I got some. In this space we have to be careful, I let my disrain for what I felt he helped do to Steemit color my perception of the value he is building on the Binance Smart Chain.

But the development of atomic swaps and blockchain connecting platforms may soon change the landscape upon which his wrapped token market is built.

We will see what the future holds as 2021 will be an explosive technological year. There are programs like Thorchain, Blocknet, Leofinance and others that may disrupt the current status quo.

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Exactly, luckily I have coin in two of the three you mentioned.

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It has probably given the best gain ? I have seen it at 20$ - never thought, it would come this far. Still I don't trust CZ.

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Yeah, CZ pulls some questionable moves.

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You mean SpaceX rocker, right? Hehe, nevertheless I was shocked this morning seeing the BNB taking the third crypto place in the market, after Bitcoin and Ethereum. Wow... this really was huge!

I now remember the BNB I once sold cheaply, it really hurts, but life goes on!!

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I hear that. I had 45 coins at like $30 I unloaded. Oh well.

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It's really crazy though.... their smartchain is hitting the market hard

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Man, I got out of BNB way too early at $30+. The coins i converted to haven't moved much at all. I think the BNB hype lately is because of the Binance Smart Chain and whether it could replace ETH?

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Regadless of how I feel about CZ that guy knows how to play the game. Like fuck, bought some at fuckiiiiing $14 and sold it at $30. The best thing is that i thought i had a good deal. Lol

Fml

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My guess is quite a few funds move to BNB because of the lower fees on BSC for the Defi (more like Cefi) projects there that start to become popular.

I can only be happy I hold some BNB. Right now it looks like there were some profits taken out from BNB after the huge spike.

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It spikes again ...

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Seems (to me) this BNB becomes a perfect generator of adrenaline. Luv it !
Thumbs UP for CZ

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Quite interesting tbh. In one word. China! Cheers bro.

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At the end of the day it will all spill over into the rest of the market.

Uff super explosivo ese precio, me sorprendio cuando lo vi...

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BNB will be into moon soon as it is the binance coin

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I believe that you need to stake BNB to get rewards on their smart chain, and I think that people are buying in.

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I really don't know whether it should be top 3 or not ... but I do know that it is sky rocketing like crazy right now. And I do know that I sold my BNB much too early last year.

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That’s all the DeFi Money leaving back the Competition with salt white faces of shock. Guess what, people hate FEEs - who should have thought?

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BNB should be a top 3 coin, almost 12B in total locked value. Compared to ETH's 42B in TLV, so I would expect it to be worth in the area 4-500 dolla. It's faster and cheaper than ETH to boot..

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There is still room for growing. I see people will keep moving to BSC from ETH. At this point I don’t know what will happen when ETH 2.0 is completely implemented but at least BSC and Ethereum are related.

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I bet on rune as my DEFI moonshot, and I'm in some of those BEP pools. You know the whole feel of Rune - even though it's pre mainnet launch is just so much more sensible, long term and secure than Pancake and autofarm, both of which feel a little shady.

I'm still in on the later - it all started because I wanted somewhere to park my stables, I went for the vaults, then I got sucked in on a punt with cake/ bnb too, turned out very well.

I'm not sure how long i want to keep my coin locked in there though - those rates are not sustainable - it's a < 5% of the pot gamble for me!

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We won’t know it’s a top until after the fact. If it goes parabolic might as well see how far it goes. I think sky is the limit.

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Just compare harvest.finance vs pancakeswap.finance. Fee on harvest $17+ before deposit, the total cost of pancakesawp is $1.2. People moves to BSC, and I heard harvest.finance is moving the entire farm from ETH to BSC as well.

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You are right, harvest finance are hiring BSC devs, they will make a move.

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