Binance Coin (BNB) Price Prediction Today: Overwhelmingly Positive Levels – Eyeing $21.00

Traders to expect the sideways trading to culminate in an upward move past $20.00.
The reaction to the inverted head-and-shoulders pattern is the strongest trend indicator.

BNB/USD has a looming upside breakout on Wednesday following the formation of an inverted head-and-shoulders pattern. The formation of this pattern indicates a trend continuation, in this case, Binance Coin is likely to extend the gains above $20.00. The gains come after a trend reversal occurred when the price fails to make any significant movement past $20.50 in the first week of April. The price dipped under both the 12 exponential moving average (EMA) 4-hour and the 26 EMA 4-hour.
Chart Source: TradingView
A bottom was formed marginally above $16.50 giving way for a rebound and the completion of the head formation of the pattern. A correction to the upside pulled above the 12 EMA and 26 EMA. This move saw the bulls’ confidence increase as they took more positions. BNB/USD touched $20.00 before reversing slightly to the region above $18.50. The price is currently sitting comfortably above the EMAs while trading at $19.75.
The reaction to the inverted head-and-shoulders pattern is the strongest trend indicator the traders need to look out for. However, they must watch for a sustained breakout above $20.00 before they can get confident that the move will test $21.00.
Also Read: Bitcoin [BTC] Price Analysis: Bitcoin to Re-test $5546 Level One Final Time?
Considering other indicators like the moving average convergence divergence (MACD) show that BNB/USD will continue with the current sideways trading in the coming sessions. The indicator signal at +0.28 is horizontal while the divergence is constant.
Binance Coin [BNB] Key Technical Indicators
12 EMA 4-hour: 19.55
26 EMA 4-hour: 19.28
MACD 4-hour: +0.28
Path of least resistance: Upwards
Resistance 1: $20.00
Resistance 2: $20.50
Resistance 3: $21.00
Support 1: $19.50
Support 2: $18.50
Support 3: $16.50
BNB Price Prediction: Traders to expect the sideways trading to culminate in an upward move past $20.00 and even correct to $21.00. Binance Coin is among the few coins that are likely to break above its all-time high.
The post Binance Coin (BNB) Price Prediction Today: Overwhelmingly Positive Levels – Eyeing $21.00 appeared first on Coingape.
Source: CoinGape

Binance Coin (BNB) is Only $6 Short From Retesting Historical High

Binance is turning into the most profitable crypto venture for otherwise bearish ICO investors.
The Chinese-turned-Maltese cryptocurrency firm recently noted its native token BNB’s market capitalization reaching $2.7 billion. At the same time, the BNB’s per token value touched $19.66, which was circa $6 less than its historical high from January 12, 2018.
Binance Coin YTD Price Chart | Source: CMC
Coin Burn on April 15
The BNB’s latest buying wave came ahead of its quarterly token burning event. In retrospective, Binance uses 20 percent of its fiscal quarter profits to buyback BNB tokens. Upon the purchase, the exchange sends the tokens to a non-retrievable ERC20 wallet. The move removes those BNB coins from circulation, thus reducing its overall supply. So far, Binance has performed token burn events six times, burning 5.41 percent of its total supply rate. The last coin burn took place on January 15, 2019.
Binance Coin Bull Weeks | Source: TradingView.com
Binance will continue burning BNB every quarter until it has destroyed half of its total 200 million units. Investors took it as a cue to strengthen their bullish bias, believing a depleting BNB supply would eventually surpass an increasing demand. As a result, BNB emerged as one of the most bullish cryptocurrencies. The coin’s market witnessed eleven consecutive weeks in green since February 4, 2019, and a 239 percent surge on a 90-day timeframe.
The next BNB token burn event is today, which is likely to extend the coin’s upside bias in the coming weeks. The market could see the price reclaiming $26 before correcting lower to neutralize the Relative Strength Index sentiment (overbought on the weekly charts). But to some, BNB’s long-term bullish target could be $100.
The $100 BNB Case
Binance is one of the most-talked-about cryptocurrency companies in both the mainstream and the crypto media. Its popularity serves as a crucial fundamental factor for BNB. What traders see the most trust the greatest. And Binance leaves no-stones unturned when it comes to announcing new service and geographical expansions every once a while.
Binance CEO, Changpeng Zhao, said last week that they would launch two new platforms by the end of April 2019. That includes a decentralized cryptocurrency exchange powered by Binance’s native blockchain and a traditional fiat-enabled trading platform in Singapore. Zhao stated that they would also introduce a BNB-enabled staking service, which would allow the token holders to earn an annual interest.

Binance Coin dominating today!
With $BNB Coin burn tomorrow, and Binance Chain Mainnet and the Dex launch around the corner, I think we soon will see BNB at $25 beating its old ATH of $24.
Longer term I am sure we will see BNB reaching at least $100! #Binance $BTC $ETH pic.twitter.com/1nFnAI71jj
— CryptosBatman (@CryptosBatman) April 14, 2019

Such fundamentals are no less bullish than those associated with Uber’s IPO and Amazon’s robotics. Binance will be attempting to make the most out of the ongoing cryptocurrency hype, majorly benefitting should the cryptocurrency space – especially bitcoin – keep recovering to the upside.
Binance continues to hold the top position when it comes to posting maximum annual revenues. The firm has opened new verticals in the blockchain research and development and is actively participating in startup incubation across the world. Factors such as these could easily sustain investors’ bullish perspective towards BNB. A $100 token will only be a beginning.
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Binance Coin [BNB] Becomes Hottest Crypto With Over 6% Spike

Binance Coin (BN), the native token of the largest cryptocurrency exchange Binance is surging with over 6 percent growth within the last 24 hours. With such new figures, BNB stood as the hottest cryptocurrency among top 10 coins on the graph of Coinmarketcap.
Binance Coin (BN) Surging Again
Unlike the favorable market figures, this week in crypto offered mixed signals – in fact, today’s crypto index showed few cryptocurrencies gaining back the figures they lost earlier this week. At press time, Bitcoin (BTC), Bitcoin Cash (BCH), EOS, Binance Coin (BNB), Tether (USDT), and Cardano (ADA) are the well-performing coins wherein BNB sets itself apart as the hottest cryptocurrency.
Source: Coinmarketcap
According to the data provided by Coinmarketcap, Binance Coin (BNB) is stick to its 7th position and trading at the value $18.47 against US dollar. Consequently, the market cap is up with 6.78% over the past 24 hours and counts its trading volume as $2,607,445,276.
Source: Coinmarketcap
Following the spike, its highest trading volume can be seen on Binance exchange having BNB pairing with USDT. Moreover, other exchanges that have contributed massive volume are P2PB2B, LBank, Coinsbit, EXX, Bit-Z, Bit-Z, and BitMax. Beside USDT, other coins that BNB is paired among these exchanges are BTC, USD, and BTC.

Although observers are yet to identify what spikes BNB’s value today, Binance exchange is bullishly moving towards improving crypto-ecosystem. As such, Coingape reported Binance Labs decision of granting $15000 each to three startups working on open-source blockchain technologies.
Nevertheless, the exchange had announced its ‘fourth’ token sale on Binance launchpad on behalf of layer 2 scaling solution MATIC. After the successful completion of BitTorrent, Fetch.AI, Celer Network launchpad sale, Binance is rolling out MATIC launchpad sale on April 24, 2019, wherein the base token that every participant have to follow is BNB only.
All-in-all BNB today pops-up with remarkable growth accompanied by a couple of other cryptocurrencies. What do you think has influenced the value of Binance token (BNB)? Share your thoughts with us.
The post Binance Coin [BNB] Becomes Hottest Crypto With Over 6% Spike appeared first on Coingape.
Source: CoinGape

Crypto Market Starts Corrective Decrease: Litecoin, Bitcoin Cash, TRX, BNB Analysis

The total crypto market cap failed again to clear the $178.5B resistance and declined recently.
Binance coin (BNB) price is down around 4% and it could test the $17.40 support level.
Litecoin (LTC) price is slowly moving lower and it may revisit the $82 support area.
Bitcoin cash price retreated from the $300 resistance and it tested the $285 support area.
Tron (TRX) price is down more than 7% and it is approaching the $0.0270 support level.

The crypto market corrected lower recently, with bearish moves in bitcoin (BTC) and Ethereum (ETH). Litecoin, ripple, bitcoin cash, TRX, XLM and EOS are correcting lower towards supports.
Bitcoin Cash Price Analysis
Bitcoin cash price revisited the $300 resistance area recently against the US Dollar. The BCH/USD pair faced a strong selling interest near $300 and later started a downside correction. It declined below the $290 support and tested the $285 support.
The next key supports are at $280 and $282, where buyers are likely to take a stand. On the upside, the previous support near $295 may act as a solid resistance, followed by $300.
Binance Coin (BNB), Litecoin (LTC) and Tron (TRX) Price Analysis
Binance coin (BNB) price remained confined in a range below the $18.50 resistance. Recently, BNB price faced an increase in selling pressure, resulting in a downside reaction below the $18.00 support. The price is currently trading near $17.70 and it may continue to drop towards the $17.50 and $17.40 support levels. On the upside, the main resistances are $18.00 and $18.50.
Litecoin price struggled to stay above the $90.00 support and it recently corrected lower. LTC price is down around 3% and it may continue to move down towards the $82.00 support level. The main support is at $80.00, below which the price may head towards the $75.00 support area.
Tron price failed to settle above the $0.0300 resistance level and it recently declined sharply. TRX price is down more than 7% and it broke the $0.0285 and $0.0280 support levels. The next support is at $0.0270 level, where buyers are likely to appear.

Looking at the total cryptocurrency market cap hourly chart, there was another attempt to surpass the $178.5B resistance level. The market cap failed to stay above $178.5B, formed a high at $179.9B and later declined sharply. It broke the $172.0B support area and a connecting bullish trend line on the same chart. It has opened the doors for more downsides towards the $160.0B support area. However, there are many supports on the downside, which is why bitcoin, Ethereum, EOS, litecoin, ripple, BNB, BCH, TRX, ICX, XLM and other altcoins are likely to bounce back in the near term.
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Binance Announces Binance Charity Foundation Programs to 10 More Ugandan Schools

A non-profit organization of Binance crypto exchange is now available across 10 more schools in Uganda. Binance Charity Foundation recently revealed that they have expanded lunch for Children program to support 3747 students and staff among 10 schools located in Jinja and Kampala in Uganda.
Binance Charity Foundation or BCF is a philanthropic arm of Binance exchange launched earlier this year. However, they began a charity program with a pilot project in February at Jolly Mercy Learning Centre in Kampala, Uganda to serve free meals to over 200 students and school staff. Following the pilot project, the platform has announced its expansion to 10 more schools on April 04, 2019.
Consequently, the beneficiary of this program will be receiving an account with Trust Wallet wherein BCF donating $0.030 BNB for their lunch for a full year. Accumulate donation value for 10 additional schools comes around US$236,061. Such donated funds will then be sent to vetted supplier’s crypto wallet who regularly deliver lunch to these schools every day. Upon receiving donated funds, suppliers can visit Binance Uganda (fiat-to crypto exchange branch by Binance located in Uganda) and then, he can redeem BNB tokens to Uganda Shillings. Nevertheless, the announcement reads;
The donation for these 10 new schools, totaling in US$236,061, was made possible by Binance and BCF’s sponsors, as well as TRON, IOST, and a Binance VIP customer, with the distribution of delivery, separated within 3 tranches for the current timeline.
Do you think the initiative should run across the whole world by other market players as well? What’s your stake on blockchain-based charity program initiated by Binance exchange? Let us know your thoughts.
The post Binance Announces Binance Charity Foundation Programs to 10 More Ugandan Schools appeared first on Coingape.
Source: CoinGape

Bitcoin Price Jumps Over $4600 as Cryptocurrency Market Adds $15 Billion in a Single Day

Coinspeaker
Bitcoin Price Jumps Over $4600 as Cryptocurrency Market Adds $15 Billion in a Single Day
On Tuesday, Bitcoin price jumped nearly 20% in just under an hour registering massive recovery after heavy consolidation. Along with Bitcoin, altcoins too have joined the bull show.
Bitcoin Price Jumps Over $4600 as Cryptocurrency Market Adds $15 Billion in a Single Day

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Source: CoinSpeaker

Binance Launchpad Introduced Matic Network (MATIC) Token Sale

Coinspeaker
Binance Launchpad Introduced Matic Network (MATIC) Token Sale
Binance today announced the next project on Binance Launchpad – Matic Network (MATIC). The MATIC token sale will follow a new lottery format, using the new rules previously announced by Binance.
Binance Launchpad Introduced Matic Network (MATIC) Token Sale

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Source: CoinSpeaker

Crypto Market Correcting Gains: BNB, Bitcoin Cash, EOS, TRX Price Analysis

The total crypto market cap jumped to a new weekly high at $136.4B and later corrected lower.
EOS price rallied sharply and broke the $4.00 and $4.10 resistance levels.
Binance Coin (BNB) seems to be consolidating above the $16.50 and $16.20 support levels.
Bitcoin cash price gained nicely and it recently moved above the $170 resistance.
Tron (TRX) price is currently trading in a tight range above the $0.0230 support level.

The crypto market extended gains before starting a downside correction. Dips in bitcoin (BTC), Ethereum (ETH), binance coin (BNB), BCH, ripple, EOS, TRX and ADA remain supported.
Bitcoin Cash Price Analysis
Bitcoin cash price traded higher steadily after it cleared the $155 and $160 resistance levels against the US Dollar. The BCH/USD pair broke the $165 resistance and it slowly moved above the $170 level. The price is currently consolidating above the $170 level and it may continue to rise towards the $175 level.
On the other hand, if there is a downside correction, the price is likely to trade below the $170 and $168 support levels. The main support is $165, where buyers are likely to emerge.
EOS, Tron (TRX) and BNB Price Analysis
EOS price performed really well and climbed above the $4.00 barrier. Buyers were in full control and they succeeded in clearing the $4.10 and $4.20 resistance levels. The current price action is such that the price may even climb above the $4.30 resistance level in the coming sessions.
Tron price managed to stay above the $0.0220 and $0.0222 support levels. TRX price recently climbed above the $0.0230 resistance and traded above $0.0232. The next stop could be $0.0235. The main hurdle for buyers is near the $0.0240 level, where sellers might take a stand.
Binance coin (BNB) remained well bid after it broke the $16.00 resistance level. BNB price even spiked above the $17.00 level before starting a downside correction. The price is currently consolidating in a range, with an immediate support at $16.50. The main support on the downside is near the $16.00 level.

Looking at the total cryptocurrency market cap hourly chart, there was a solid upward move above the $130.0B and $132.5B resistance levels. The market cap even broke the $135.0B resistance and traded to a new weekly high at $136.4B. Later, it started a downside correction and moved below the $135.5B support and a bullish trend line on the same chart. However, there is a strong support on the downside near the $134.0B level. Therefore, if there is a downside correction in bitcoin, ETH, TRX, LTC, EOS, BNB, ripple, ADA, XLM, WAN, BCH, XMR and other altcoins, buyers are likely to take a stand.
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Binance Makes a Major Step Towards Enhanced Compliance and Data Security

Coinspeaker
Binance Makes a Major Step Towards Enhanced Compliance and Data Security
With a view to ensuring data security and compliance across its global operations, Binance is going to implement stronger KYC and AML regulations.
Binance Makes a Major Step Towards Enhanced Compliance and Data Security

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Source: CoinSpeaker

OKEx Follows the Lead of Binance Planning to Launch Its Own Decentralized Exchange

Coinspeaker
OKEx Follows the Lead of Binance Planning to Launch Its Own Decentralized Exchange
OKEx plans to catch up with Binance by scheduling the launch of its in-house decentralized exchange, DEX, for this June. The DEX will run entirely on OKEx’s own blockchain.
OKEx Follows the Lead of Binance Planning to Launch Its Own Decentralized Exchange

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Source: CoinSpeaker

Binance Coin (BNB) 100 Percent Surge not an Impossibility

Binance coin up 6.1 percent in the last day
BNB rallying because of fundamental reasons, next target $26
Volumes spike, participation more than double after Mar 24 close

Driving Binance Coin (BNB) prices are fundamental reasons. The coin is up 6.1 percent from last week’s end. After the announcement of Binance Margin trading plans and requirement that holders of BNB are eligible, the currency is likely to surge towards $26 as demand rise.
Binance Coin Price Analysis
Fundamentals
Widespread reports reveal that Binance may be after all preparing to onboard crypto margin trading—and the reception is not positive. The exchange is the largest in the world by adjusted trading volumes and required to trend with caution considering what’s at stake. If there is a leeway allowing retail traders to use borrowed funds, then analysts say this will be risky for the ecosystem. Regulators all over the world including Japan’s FSA have sounded their warning saying margin trading in an already volatile environment is unsafe for the ordinary investor.
Here’s what the programmer who discovered Binance margin trading feature on their API had to say:
“This change has not been reflected on the documentation. Further analysis of the response revealed that all 482 trading pairs have spot trading enabled and margin trading disabled; which makes sense. However, this API update implies that Binance is considering the implementation of margin trading features.”
In the unconfirmed arrangement, margin trading will be subject to account owners holding some Binance Coin (BNB).
Candlestick Arrangement

Trailing Cardano (ADA)—which is up 17.6 percent in the last week is Binance Coin, up 6.1 percent in the same time-frame.  From the daily chart, it is clear that Binance coin (BNB) is on an uptrend and trading in a bull breakout pattern with bases at around $11.
Without a doubt, BNB prices are a rally and outperforming others only because of supportive fundamentals. From Binance DEX test-net, the increasing popularity of Binance Launch Pad and now conditions for margin trading, every dip above Mar 24 lows or the 20-MA should be a buying opportunity. Like in our previous BNB/USD trade plan, the first target is $26.
Technical Indicators
As mentioned above Binance coin (BNB) is trading within a bull breakout after that comprehensive close above $11. Since bulls of Mar 5—4.8 million are now valid because of Mar 24 rally—4.9 million and close above Mar 16 highs of $16.5, every low should be a buying opportunity.
Chart courtesy of Trading View
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Is XRP a Security? It Seems There Will be No Answer Any Time Soon

Coinspeaker
Is XRP a Security? It Seems There Will be No Answer Any Time Soon
According to the investigation lawyer from global law firm Kober & Kim, Jake Chervinsky, it will take more than a year to understand whether Ripple’s XRP is a security or not. Here’s why.
Is XRP a Security? It Seems There Will be No Answer Any Time Soon

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Source: CoinSpeaker

Binance Launchpad update to introduce token sale by lottery

One of the largest cryptocurrency exchanges in the world, Binance, introduced a lottery system for its token sale through Launchpad, the exchange’s token launch platform. The update was announced via an official post on 24 March.
The update will see the exchange abandoning its “first come-first-served” system which left many users tokenless owing to their surging demand. A notable example of this system was Binance’s sale of BitTorrent tokens [BTT] in January, 50 billion of which was sold out in 15 minutes.
Binance will introduce a “lottery” as an upgrade on its previous system. Under this new method, prior to the scheduled date of the lottery, the tickets that can be claimed will depend on how many Binance Coins [BNB] users hold within a 20-day period. The lottery will then be drawn via a “transparent, randomized system with a random selection of lottery tickets based on tail digits.”
The Lottery Ticket allocation based on the BNB held is given below,
Source: Binance Blog
Users will be allowed to decide how many lottery tickets they wish to enter, with the maximum amount being based on their BNB holdings. The exchange will then select multi-digit numbers that will be matched against the tail digits of the tickets issued to determine the winners.
“This process will continue until the maximum number of winners (previously set) are matched. The respective BNB will be deducted from each winning user’s balance, as soon as they are deemed a winner.”
Binance also listed out the set of risks and concerns it foresaw with this system. The exchange’s native token will see a degree of price fluctuation due to this model. However, Binance predicted that these will be minimal changes. After the announcement was made, the price of BNB surged by over 15 percent against the US Dollar.
During the 20-day period when users will accumulate BNB, the exchange attested that the price will fluctuate,
“If BNB price drops, it is entirely possible the drop in BNB price will outweigh any gains made by the new token. That is first assuming you win in the lottery draw. Further, the new token being sold is not guaranteed to increase in price. It may drop in price.”
Binance ended on an advisory note, requesting users to not hold BNB for the sole purpose of the Launchpad events. The next set of projects emanating from the Launchpad will be intimated to the community in the next two weeks, the exchange concluded.
Additionally, reports suggest that the exchange is looking to make cryptocurrency trading riskier. Binance is looking to introduce margin trading within their services, thereby allowing users to trade on borrowed funds.
Further, Binance will look to shift their base of operations if regulators voice their disapproval for the margin trading feature.
The post Binance Launchpad update to introduce token sale by lottery appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Market Testing Key Hurdle: BNB Rallies 12%, Bitcoin Cash, EOS, TRX Analysis

The total crypto market cap seems to be facing a couple of important resistance levels.
EOS price is slowly moving higher from the $3.62 support area, with a positive angle.
Binance Coin (BNB) surged more than 10% and broke the $16.50 resistance.
Bitcoin cash price is currently consolidating above the $165 support level.
Tron (TRX) price retreated from highs and declined more than 4%.

The crypto market is slowly moving lower, while bitcoin (BTC) and Ethereum (ETH) are facing many hurdles. Binance coin (BNB) rallied recently, whereas BCH, ripple, EOS, TRX and ADA are currently consolidating.
Bitcoin Cash Price Analysis
Bitcoin cash price declined recently below the $170 and $165 support levels against the US Dollar. The BCH/USD pair tested the $160 support level and later bounced back. The pair moved above the $165 resistance and it is currently consolidating gains.
On the upside, an initial resistance is near the $168 level, followed by $170. Once there is a break above the $170 level, the price could climb to a new monthly high in the near term.
EOS, Tron (TRX) and BNB Price Analysis
EOS price declined recently and traded below the $3.65 support level. The price tested the $3.60 support level and it is currently correcting higher. Buyers pushed the price above the $3.65 level, with a positive angle. However, there are many hurdles on the upside near the $3.70 and $3.72 levels.
Tron price traded above the $0.0230 level recently and later failed to hold gains. TRX price is down more than 4% and it is currently trading below $0.0230. An immediate support is at $0.0225, below which the price could decline towards the $0.0220 level.
Binance coin (BNB) performed really well recently and climbed above the $16.00 and $16.50 resistance levels. BNB price is up more than 12% and it recently spiked above the $17.00 level. The next key resistances are near $17.40 and $17.50. If there is a downside correction, the previous resistances near the $16.50 and $16.20 levels are likely to act as decent supports.

Looking at the total cryptocurrency market cap hourly chart, there was a crucial bearish reaction near the $136.0B resistance level. There was a slow and steady decline below the $134.0B and $133.0B levels. The market cap is currently following a major bearish trend line with current resistance at $133.5B on the same chart. A proper close above the trend line and $134.0B is needed for buyers to gain traction in the near term. If not, there is a risk of more losses in bitcoin, ETH, tron, litecoin, EOS, ripple, cardano, XLM, ICX, BCH, XMR and other altcoins in the near term.
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Binance Coin [BNB] surges by 15% following Launchpad roll-out announcement

Binance coin [BNB], the seventh largest crypto asset on CoinMarketCap, pumped by over 15% and posted significant gains while slowly emerging from the crypto winter.
At press time, BNB held a market cap of $2.45 billion. The coin’s price was clocked at $17.35. The crypto asset registered a 24-hour trading volume accounting for $326.90 million. Further, Binance’s native token exhibited a growth rate of 9.71% over the past seven days.
Source: TradingView
The coin continued to show bullish movement despite hitting minor lows. BNB token gained traction after the cryptocurrency exchange revealed a new structure for the token launch on its native Launchpad. According to the latest announcement, the token launch will be conducted as a lottery, as opposed to the previous system of first-come-first-served.
Source: Twitter
Binance’s official blog released the table below. It presents the new structure that would allows users holding more BNB tokens with greater access to the lottery tickets.
Source: Twitter
The latest token launch drew considerable flak from BNB token holders, with some calling the format unfair and accusing the trading platform of catering only to BNB whales. Addressing these criticisms, Binance’s CEO and Founder, CZ tweeted,
“Will address some of the questions/concerns/feedback in this thread. Our new Launchpad model is not set in stone. It’s the result of multiple detailed discussions over the weekend, while considering all angles. We will consider suggestions and will make certain tweaks.”
The post Binance Coin [BNB] surges by 15% following Launchpad roll-out announcement appeared first on AMBCrypto.
Source: AMB Crypto