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Bitcoin (BTC) at $10,000 Coming Into View, Binance (BNB) Recovering, Ripple XRP First Facebook Libra Victim

Bitcoin (BTC) had a burst energy – jumping $200 yesterday – with altcoins falling. Currently priced at $8,654, the bitcoin has returned to prices last seen 10 days ago.

While stellar performer Litecoin (LTC), touched a 13-month
high at $142, it succumbed to buying pressure along with most other top altcoins.
The fourth-placed asset is currently trading at $135, 16% higher on the week.

This sort of see-sawing with bitcoin the beneficiary is
behaviour that was a noted feature of the previous bull market and seems to be
with us.

Such trading is sometimes followed by catch-up buying by alts
with a pause for bitcoin, which seems to be where we are today.

Binance Coin (BNB) hit as US regulator gets in the way

A relative underperformer was Binance Coin (BNB).

The price had been falling since the announcement a couple of days ago that it would be shutting down its current exchange but is recovering at the time of writing, up 4% to 33.19 in the past 24 hours.

The price fell from $35.74 on 13 June to a week low of $31.12,
a near 13% drop.

The bleeding was staunched as it became clearer what Binance’s
plans were. Indeed, it may have got some belated credit for adopting a pro-active
stance. It plans to open a new exchange specifically for the US market.

Bittrex has done something similar, this time by removing certain tokens from the purview of its US customers, with the most high-profile of the delisted toekns being the Singapore-based Qtum dapp platform.

Both exchanges’ moves are in response to the US regulator
taking Kik to court for running what it claims was an unregistered securities
sale in its 2017 KIN token ICO sale.

Given that the US the largest crypto market, American
investors selling out of tokens could be leading to forced bitcoin buying, given
it is the most popular asset on the other side of trading pairs.

Bitcoin is also seen as the best store of value, and is
currently preferable to exiting the market by going into a stablecoin.

Ripple’s XRP a Facebook Libra coin loser?

Before returning to bitcoin, we should note the dispiriting situation with the XRP price, down 3% in the past 24 hours at $0.405.

Although most analysts see at minimum a positive halo effect for the crypto market as a whole from Facebook’s cryptocurrency effort, it’s a difference story where Ripple’s XRP is concerned.

Facebook’s Libra coin could be an XRP killer as it threatens to go after the remittance market that XRP is also targeting. Sure, Ripple is also going after the cross-border financial transactions of banks and other corporations, but here it is pressure from banks doing their own thing – think JPMCoin – that may be narrowing that opportunity too.

The Block has got hold of the full list of Facebook’s Libra partners – eBay, Spotify, Lyft and Xapo are some of the names that you may not have known about. More analysis on this in a coming EWN story.

Bitcoin (BTC) price analysis

So, back to bitcoin, what to make of the prospects for
holding at current levels and rising further?

With the relative strength index (RSI) at 61.5 we are a
little way off overbought territory, but declining trading volumes on the
one-day chart mean is a danger sign seen in the rally since early May.

But that’s far from the end of the story.

Volume profile is a key indicator

Staying with the one-day chart the volume profile adds
important detail to the picture.

Unlike the volume data that runs along the horizontal axis
of the chart and is often cited in technical analysis, if you want a surer
footing on where support and resistance levels are, volume profiles are
invaluable as they show the volume at particular price points.

I’ll be using them a lot going forward to provide EWN’s
readers with even better price analysis.

The point of control (red line, showing the price point that attracted the most trading interest; mustard shading shows falling value area and blue the rising value) is clearly showing fair value at $3,767 on a year view, near the market bottom at circa $3,200.

(chart courtesy TradingView)

Strong bitcoin trading interest at $6,414 and $7,932

But we are interested in the next two volume profile
histogram bulges, at $6,414 and another cluster at $7,932.

The first of those shows strong volume at around $6,400
coinciding with the huge parabola in the march from $5,650 to $8,155. That
provides firm support, with buying interest growing.

However, the next volume profile bulge, which shows the third
busiest period of trading for the year, is slightly more problematic for those with
a bias to a bullish prognosis. It shows sellers and buyers initially balanced
but with sellers starting to nudge out buyers at those price points.

But the bullish trend line has not been broken, so makes the
breakout above $8,200 look firmer.

Bitcoin at $10,000 coming into view

Then we come to the shaded light blue area which is an area
of resistance, the top of which can be drawn from the March 2018 price at $11,459.
The lower part of the band  is the July
2018 high at $8,600 , that roughly lines up with where we are now.

But there is an undoubted weakening of interest seen in the
volume profile as the price moves through the gears to $10,000, with a
significant fall-off above $11,400.

That doesn’t mean that $10,000 is not attainable but rather
that the price could get there very quickly indeed.

We might also infer that above $10,000 it is retail buying
that starts to pick up, with institutional buying seen in our three previously identified
volume profile bell curves.

Finally, volume profile by session volume provides a clearer
view of possible support and resistance when it is extended to the right (red
lines).

There’s plenty of support below current price levels – between $8,100 and $7,700.

(chart courtesy TradingView)

Gary is the cryptocurrency analyst at interactive investor, the UK’s second-largest investment platform and his contributions are written in a personal capacity.

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Binance Coin (BNB) Price Jumps Following Screenshot of Margin Trading

Binance Coin BNB Margin Trading

Binance Coin (BNB) continues to be one of the top earning cryptocurrencies in 2019. Since the start of the year, the native token to the leading cryptocurrency exchange Binance is up over 460 percent, with little halt in sight as the crypto markets turn even more bullish.

As previously reported by EWN, the rumor mill has been hinting at a forthcoming integration of margin trading on Binance. Speaking to community members earlier in the week, Changpeng Zhao confirmed that margin trading was being tested, but did not give a specific timeline on its release.

In a Twitter post published on May 24, the Binance team further added fuel to the speculative fire, with a series of screenshots that seem to all but confirm margin trading is coming in the very near future. While the post was making a tongue-in-cheek reference to their “dark mode/light mode feature,” the screenshot clearly displays the option for margin trading–a feature which is not currently available to traders.

“Dark mode 🌚 or Light mode 🌝? #Binance”

BNB responded in price to the news, jumping 9 percent as of writing and outpacing the gains of Bitcoin and most other top ten cryptocurrencies. While Binance is still not giving an exact date on when margin trading will hit the exchange, Changpeng Zhao claimed it would occur “very, very soon,” with the caveat that large-volume traders will have first access.

Despite suffering a $40 million hack in early May, Binance has continued to be a leader in the space of cryptocurrency exchanges and has paved the altcoin market valuation with the gains of BNB. While some have taken fault with the exchange’s handling of the hack, they remained transparent through the process of their security upgrades and were quick to notify investors that losts BTC would be covered via the #SAFU Fund.

Binance has also made a strong effort to boost the intrinsic valuation of their native token, at least in the eyes of investors looking to find fundamentals in the cryptocurrency market. While crypto may act more akin to a volatile currency than an actual digital asset, Binance has done its part to provide reason for traders to invest in BNB. The currency provides a discount on trading fees and is also required–in an increasingly large amount at today’s price–to participate in the Binance Launchpad lottery.

Given the trajectory of the exchange’s decisions to date, it’s possible margin trading will somehow feature into the use of Binance Coin. While the exchange has yet to make any statement on user access, it could require an account minimum of BNB, similar to the exchange’s requirements for Launchpad. Such a move would likely take the price of BNB even higher, although the exchange would have to contend with a realistic BNB holding at its current valuation.

Already investors are required to have 500 BNB valued at $17k, in order to receive the maximum amount of lottery tickets and insure their highest chance of Launchpad buy-in. If the price of Binance Coin continues to climb, Binance could buffer all but the highest-capital investors.

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EOS, BNB and TRON (TRX) Will Rise Over 400% By The End of 2019, Panel of Experts Predicts

2019 will be a bullish year and most analysts and experts in cryptocurrencies seem to agree. After presenting important indications of growth, many experts declared the beginning of Alt Season. This, of course, increased optimism and expectations of investors and crypto enthusiasts around the world.

A study by Finder contrasted the perceptions of a panel of 10 experts who analyzed the performance of 13 leading altcoins, in order to give their predictions.

While all altcoins appear to be bullish (Bitcoin too, read the full story here) the panel of experts believes that Tron (TRX), EOS and BNB will close the year with the most profits. The worst performers (although bullish) will be BSV, Monero (XMR) and XRP.

EOS Will be The most Bullish Crypto According to the Experts

The panel of experts was extremely bullish about EOS. On average, they expect the crypto to reach a price close to $18.7 which would represent an increase of 727% over the beginning of the year.

EOS could be the most bullish crypto according to experts

Binance Coin (BNB)

Binance’s native token will be the second most profitable cryptocurrency, with an expected growth of 450% by the end of December 2019. Experts predict that the token will go from 6.24 USD to approximately 34.9 USD.

Binance (BNB) Will remain strong

TRON (TRX)

The blockchain promoted by Justin Sun remains in third position, very close to the BNB. Experts say each token should reach about $0.15 for a growth of about 449%.

Tron (TRX) will be one of the best perdorming cryptos

XRP Will Perform Fine… Just Not That Fine

Ripple’s token is at the bottom of the list with a 49% increase. While it is well below the 727% obtained by EOS, it is also much stronger and more optimistic than the better forecast of other financial instruments such as the SP500 or the Nasdaq. Experts believe the token will close the year at least near $0.44 per token.

XRP will not be as bullish as its army expects

Monero (XMR)

The privacy coin seems to be a little underground since 2017. According to tech experts, after overcoming a bearish streak, the token will end the year with a value of 68.5 USD, which represents a 57% increase in its value.

Monero could increase its value by 57% according to the panel of experts

BSV

The token sponsored by Craig Wright (famous for his claims of being Satoshi Nakamoto) could rise above $605 which translates into a positive performance of 60%.

Bitcoin SV will have a poor (but bullish) performance according to the experts

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Binance Coin (BNB) Price Climb Continues, Hits New All-Time High

Binance Coin Price Analysis 2019

The unreal price climb for Binance Coin (BNB), the seventh largest cryptocurrency by market capitalization, has continued into the fifth month of the year.

On January 1, 2019, Binance Coin was trading for $6–down from the currency’s all-time high of $24.50 just a year before. While BNB had fallen more than 75 percent in value over the course of 12 months, the coin was largely suffering from a similar fate as the broader cryptocurrency markets. After one of the most epic bull runs to conclude 2017, the entire cryptocurrency marketplace collapsed in a downward spiraling for price that would last throughout the year. Traders began referring to 2018 as the “crypto winter” for Bitcoin and altcoins, with assets across the board falling 90 percent or more in value.

Binance Coin (BNB) Hits New All-Time High

On May 19, Binance Coin crossed the $29 mark, establishing a new all time high for the cryptocurrency and increasing its gains to more than 380 percent since the start of the year. While 2019 has been a profitable year for all of cryptocurrency, particularly since the start of April, Binance Coin has continued toa outpace the pack in returns and gives some indication of the investment mindset for traders entering the market.

Image Courtesy of CoinMarketCap

Binance Coin may lack the flashy quality and household name status of Bitcoin, but the currency is providing investors will a feeling of utility that extends outside of price speculation. Ironically–given the it’s roots in leading cryptocurrency exchange Binance–BNB is becoming one of the premier coins on the market, with the digital asset benefiting from the actions of Binance CEO Changpeng Zhao and his team.

Plotting Binance Coin Growth

Compared to other cryptocurrencies, which function largely at the behest of small development teams and the decentralized communities they engender, Binance Coin has the exposure of the millions of traders utilizing the exchange. In addition, Binance has been clever over the last year in implementing programs to increase the intrinsic value of traders to not only invest in Binance Coin, but also hold the currency long-term, thereby driving up the price demand.

Not only does paying in BNB offer Binance users a discount on trading fees, but the currency can be exchanged for small amounts of leftover coins through the “dust” program. The tiny fractions of cryptocurrency accumulated in incomplete market trades can be swept, like dust, into a pool redeemable for Binance Coin. Therefore more traders accumulate BNB, at times unknowingly, while creating a process that contributes to the purchasing demand for the currency.

Binance also revamped its launchpad service to heavily favor the long-term purchase and holding of BNB. Compared to its previous model, where investors in new coin launches were able to buy on a first-come, first-served basis, Binance has now implemented a lottery system utilizing BNB. For every 100 BNB a trader holds in their account, they are a eligible for one lottery ticket which can be wagered in the purchase of new coin launches (up to a maximum of 500 BNB, or five tickets). However, would-be investors are required to have the requisite amount of Binance Coin in their account wallet during the 20 days leading up to the lottery–thereby preventing boom and bust cycles to acquire tickets.

The end result has been a substantial increase in demand for Binance Coin, in addition to creating a feedback cycle that has the currency featured–on one of the world’s leading exchanges–as a regularly top performing cryptocurrency.

Disclaimer: Investing in cryptocurrency is inherently risky.

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eBay to Start Accepting Crypto? Community Stirred by Unconfirmed Twitter Rumours

Photos have leaked from preparations for the coming Consensus 2019 conference that eBay, one of the sponsors, might hint that the company plans to start accepting crypto soon and it will not be Bitcoin

eBay is one of the sponsors of the upcoming Consensus conference that is to take place in New York on May 15. Along with eBay, the event will be sponsored by such companies as ConsenSys, Ledger, Tron, Microsoft, BitGo and others.

eBay is rumoured to start
taking crypto payments soon

These advert photos, which have leaked into the web, have sparked a massive speculation on Twitter. Users are curious whether the world-famous e-commerce platform is headed towards crypto payments in the near future.

Should this be true, eBay, which is one of the largest market places on the planet with 180 mln regular users, will give cryptocurrency a major push towards global adoption.

The rumours have it that the crypto eBay is allegedly eying is Binance Coin (BNB).

Some in the crypto community are pointing out to the fact that a former executive of PayPal and eBay, Sanja Kon, already works for the UTRUST crypto payments service and is in charge of Global Partnerships. Quite possibly that Kon would try to get eBay as a strategic partner.

Just recently, Kon worked as Head of Marketplaces and Large Enterprise Partnerships at PayPal and before that she had spent five years working for eBay.

eBay has been eying BTC for a while, PayPal declines it

Two years ago, the Senior VP for eBay, Scott Cutler, shared with Yahoo Finance that the e-commerce giant is mulling starting to accept Bitcoin for its goods.

Last week, the CFO of PayPal publicly said that it is too early for PayPal to start using BTC transactions due to the high volatility of the market. Besides, he added that the top management team is more excited by blockchain itself rather than Bitcoin.

‘Virtual Currencies’ already exists on eBay

The pictures featured in the tweets above could be about a totally different thing, though. “Virtual Currency. It’s happening on eBay” – this could refer to the category titled ‘Virtual Currency’ that allows platform users to trade crypto against fiat anonymously. If that is the case, then the community is jumping to conclusions way too fast.

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Binance Coin (BNB) Continues to Fall as Bitcoin Breaks $6000

Binance Coin Price Exchange Hack 2019

Binance Coin started 2019 with a strong rally over the previous year, with the coin rising 300 percent through the first four months.

While other cryptocurrencies benefited from the market rally at the beginning of April, BNB continued to outpace the rest, eclipsing its previous all-time high price of $24.50 established in January 2018. However, the price of the currency took a plummeted earlier in the week, as investors responded to news a massive hack impacting the cryptocurrency exchange. The coin has since continued to fall with the broader altcoin market, as BTC surges past $6000 and seeks to further consolidate market dominance.

Binance Coin’s situation makes for an interesting case-study into cryptocurrency. While the currency has become massively popular thanks to its issuance and close-relationship with the world’s leading cryptocurrency exchange, it’s also beholden to sudden turn-of-events such as the most recent hack.

Binance was quick to update investors and traders on the status of the security breach, but reported losing 7000 in BTC in addition to a substantial amount of user data siphoned.

We have discovered a large scale security breach today, May 7, 2019 at 17:15:24 (UTC). Hackers were able to obtain a large number of user API keys, 2FA codes, and potentially other info. The hackers used a variety of techniques, including phishing, viruses and other attacks. We are still concluding all possible methods used. There may also be additional affected accounts that have not been identified yet.

Binance claims that the stolen funds were taken only from their ‘hot wallet,’ thereby sparing the bulk of investor funds, but amounted to 2 percent of the exchange’s entire BTC holding. However, the exchange was quick to clarify that the comically self-referential #SAFU Fund will cover losses related to the hack, meaning no trader will lose money because of the most recent security breach.

Nonetheless, investors appear wary to trade in BNB as they were just a week ago. Binance Coin may have led the marketplace in price gains since the start of the year, but is now looking at a potentially severe correction as the exchange’s security reputation takes a hit.

Exchange hacks may be a dime-a-dozen in cryptocurrency, but investors are still struggling with the idea of putting money into BNB given its close relationship to Binance. It is worth noting that the currency is capable of operating independent of the exchange–like all cryptocurrencies–but denotes a substantial amount of its value from the activity generated by Binance.

Binance has managed to generate intrinsic value for BNB, particularly to users of the exchange, by offering trading fee discounts. In addition, the exchange requires investors to hold a substantial amount of BNB in order to participate in Launchpad coin offerings, again blurring the line between the centralization of the cryptocurrency and its use as a tool on the exchange.

As of writing, BNB is down over 8 percent on the day, with the price slipping to $19.25. The majority of the altcoin market has also experienced a price retraction, with BTC dominance approaching its highest point since December 2017.

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Weiss Ratings Suggests Binance Coin (BNB) Could be the Next Bitcoin

Binance Coin BNB Weiss Ratings 2019

While the entire market of cryptocurrency has had a strong 2019, one coin in particular has managed to post 300 percent gains since the start of the year. Binance Coin (BNB), the native currency to the world’s leading crypto exchange by volume, has outpaced both Bitcoin and the market with its massive gains over the last month. Given how Binance Coin has, in part, taken the reins of market movement, analytics firm Weiss Ratings is now asking the question: Is BNB the new Bitcoin?

Binance Coin is capable of operating as a standalone, decentralized currency, albeit with a fair amount of influence from its parent company exchange. However, it would be remiss not to point out that the price of BNB has largely benefited from its direct association with the exchange, as opposed to the utility or merits of the coin itself. For one,

Binance incentivizes users to purchase and hold a sum of BNB through several of its programs. Investors can receive a discount on trading fees if they pay with BNB, which is automatically deducted from a users wallet. Binance’s updated launchpad service is also driving the demand for BNB and, by proxy, its price. In order to participate in ICO token sales on Launchpad, investors must purchase–and hold for 20 days prior to the launch–a minimum of 100 BNB. At current market prices that equates to $2300 in BNB. However, investors adamant on participating in Launchpad sales are encouraged to buy and hold 500 BNB to receive the greatest chance of being drawn in the lottery, an amount that would come to $11,500 (about the cost of two BTC).

All of this, in conjunction with the price of BNB rising 300 percent since the beginning of 2019, has led Weiss Ratings to question, via Twitter, if the currency can replace Bitcoin as a market leader. Before today’s BTC price rally, which saw altcoins across the board drop as Bitcoin improved in dominance, Binance Coin appeared to be dictating the direction of the market. BNB posted several consecutive days of double-digit price gains, bringing both renewed interest and investment into the space of cryptocurrency.

As Forbes points out, Weiss has given BNB the same rating as some of the industry’s most prolific cryptocurrency. Ripple’s XRP, EOS, Bitcoin and Binance Coin are the top four cryptocurrencies as evaluated by Weiss, and the only currencies to receive a grading of B-. Even Ethereum, which has been the darling of the industry for several years, scored lower than BNB with a grade of C+.

Binance Coin, seemingly defying odds, has climbed into the top ten of cryptocurrency by market capitalization and is threatening Litecoin for the sixth overall position. The coin commands $3.2 billion in market capitalization, and has room to grow with a circulating supply of 141 million BNB–far less than other coins such as XRP and EOS.

In the end, BNB’s strong ties to Binance may continue to provide enough incentive for investors to take interest in the asset, even at the exclusion of market leaders like Bitcoin. While Binance Coin may not fit the traditional mold of cryptocurrency, or even be the most representative coin for the industry, it does offer traders utility that is hard to come by in other currencies.

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Binance Coin (BNB) Price Defies Odds, Up 300 Percent in 2019

Binance Coin BNB 300 Percent 2019

Binance Coin, the native currency to the world’s leading cryptocurrency by exchange, Binance, has continued to defy odds in its double digit price rally.

While Bitcoin made a strong push throughout the week to close at above $5300, BNB has been the standout cryptocurrency in terms of price movement. The majority of altcoins are experiencing a price regression, giving some indication that Bitcoin may be about to take off. Historically, the interim following industry-wide bull runs, such as the gains created throughout April have turned out favorable for the price of BTC. Investors, rather than cashing out in fiat or transferring to a stablecoin, instead flip their profits into Bitcoin.

However, Binance Coin has continued to gain value, moving against the trend of price consolidation impacting the majority of the market. On April 19, BNB closed on double digit price gains, and is up 4 percent as of writing.

Why Has BNB Price Continued to Rise?

Compared to most of the market, Binance Coin has managed to create a fair bit of utility that extends beyond price speculation. Ironically, the coin that is synonymous with the world’s leading cryptocurrency exchange has managed to generate what the majority of the industry is searching for: a reason to invest in and use outside of anticipated price gains.

Binance and CEO Changpeng Zhao have put together a series of programs that incentivize not only investing in BNB, but holding for longer periods of time. Not only can users conveniently “sweep” left-over and small amounts of currency into BNB, but the coin offers investors a discount on trading fees. The end result is that nearly every investor on BNB has ownership in or incentive to own BNB, increasing the familiarity and liquidity of the coin.

Binance has also instituted a new lottery program for its ICO Launchpad service, which features BNB prominently. As opposed to the old first-come, first-served model that Binance previously employed, the lottery relies upon users being issued tickets in proportion with the amount of Binace Coin they hold. However, investors hoping to participate in the lottery must keep the requisite amount of BNB in their account–as opposed to buying and then dumping the coin in short order–creating an artificial demand on the supply of Binance Coin.

Even without the most recent price rally for cryptocurrency, Binance has created conditions for their native exchange currency that has investors banking on future promotions. Much of the current investment into BNB driving up the price is anticipation that the exchange will continue to find ways to add value to the coin. Given the direction of cryptocurrency adoption, which has been positive and upward throughout 2019 and looking to turn exponential, current investors are looking to the flood of new traders that will enter the industry over the coming years.

Assuming Binance can maintain its position as the world’s leading cryptocurrency exchange, BNB is likely to become more valuable as an increasing number of investors participate on the exchange. While BNB is already up 300 percent since the start of the year, investors believe that number will continue to climb with overall industry adoption.

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Binance Adds 10 New Ugandan Schools to Its ‘Lunch for Children’ Program

Binance Charity Foundation expands the number of schools it works with in Uganda, providing their pupils with free lunches.

Binance Charity Foundation (BCF) is a blockchain-powered branch of the Binance crypto exchange that deals with charity. On Thursday, April 4, it has published a post in its official blog that 10 new schools in Uganda have been added to the ‘Lunch for Children’ program.

Donations in BNB

The pilot of this program started in late winter. The first educational organization BCF began to support was the Jolly Mercy Centre in Kampala.

Now, Binance is adding ten more schools to
that with nearly 4,000 students and staff members in 10 schools around Uganda.

Every school within the charity program receives an account with Trust Wallet. Then on a daily basis they receive $0.30 in BNB to use on their school lunches for the full year.

The funds donated equal $236,061 in Binance Coin. This was achieved with the help of the sponsors, among which are the Tron Foundation, IOST and a V.I.P. customer of Binance.

The donated BNB coins return to Binance

BCF will transfer the money in three parts to
the schools’ wallets. The staff then will buy lunches for their students.

Food supplying companies of those schools will then convert the BNB into the local fiat currency via the Binance Uganda exchange that works both with fiat and crypto.

BCF’s donations let the children continue learning

Attracted by the idea of a charity fund built on blockchain, over 10 companies have decided to join Binance’s BCF. Five of them have already transferred their donations.

A volunteer, working with the program, wrote on social media that when he arrived at a school BCF is working with, he saw happy children and even happy cooks making lunches. The latter were happy to be back there, since apparently they were afraid of losing their jobs for lack of funds at the school.

When in the summer 2018, Binance’s CEO, Changpeng Zhao (CZ), set up the Blockchain Charity Foundation, he stated that donations on blockchain make the whole process entirely transparent.

Anyone can see on the public ledger where donations are going. Back then, CZ in cooperation with Tron’s Justin Sun collected donations for the victims of the floods in Japan. The donations were also sent to the beneficiaries in BNB.

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BNB To Reach 100X and XTZ Up To 10X, “The Don” Predicts

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 alts trading, a phenomenon that has strongly increased over the past few weeks.

Some well-known analysts such as eToro’s Mati Greenspan 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 BNB, the native cryptocurrency of Binance, which is also the most popular and important exchange in the ecosystem by trading volume. The token even ranked in the top 10 of the global marketcap, growing 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 cryptocurrency and compared BNB to the online shopping giant Amazon.

Likewise, in a demonstration of euphoria, the popular CT
influencer commented that the token has the potential to grow up to 100X in the
future.

CZ, Binance’s CEO, answered with several emojis representing the strength that the token is gaining in the cryptomarket and that its trading is currently “on fire.”

To put things in perspective, Bitcoin 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 token, it is currently priced at around $18.4, which in itself represents a growth of 300%.

Monthly evolution of BNB against BTC

In another tweet, The Don also spoke of XTZ, mentioning that it could have a positive performance that would raise its value by 10x during 2019.

Tezos (XTZ) is another altcoin that has shown a great performance over the last month. The token 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:

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