The crypto market is growing, and the bears are losing strength to the point that many speak of a possible change of trend in the coming months. One phenomenon that raised optimism in the community is the extraordinary stimulus to , a phenomenon that has strongly increased over the past few weeks.
Some well-known analysts such as have stated that Alt Season has made its way into the markets and the rise in the price of several tokens seems to be a strong indication that this is indeed the case.
One of the projects that has performed remarkably well has been , the native cryptocurrency of Binance, which is also the most popular and important exchange in the ecosystem by trading volume. The token even of the global marketcap, even at times when bears were clearly dominant.
Among the CT community, “The Don,” a user dedicated to monitoring the crypto markets recently praised CZ’s efforts to promote this and compared BNB to the online shopping giant Amazon.
Likewise, in a demonstration of euphoria, the popular CT
influencer commented that the has the potential to grow up to 100X in the
future.
CZ, ’s CEO, answered with several emojis representing the strength that the is gaining in the cryptomarket and that its is currently “on fire.”
To put things in perspective, ended December touching the band of the 20k. After that, it went down to get close to the 3k. For it to return to the level it already had during 2017; it would need a bull run of more than 600%.
BNB has had excellent performance throughout 2019. After starting the year at around $6 per , it is currently priced at around $18.4, which in itself represents a growth of 300%.
In another tweet, The Don also spoke of , mentioning that it could have a positive performance that would raise its value by 10x during 2019.
Tezos (XTZ) is another that has shown a great performance over the last month. The started march fluctuating near the 10k statoshis, and went bullish on march 16. On March 31 it reached over 26600 satoshis, although it seems to be entering into a correction phase:
Published at Wed, 03 Apr 2019 05:41:17 +0000
