cryptocurry

2019 FOR BITCOIN

The cryptocurrency industry performed nothing less than wonder in 2017. But, 2018 proved to be a troubling one for the industry of cryptocurrency. But regardless of the falls faced last year, we talked trust that 2019 is a promising year for the cryptocurrency sector.
Even though the presence of all the losses in this industry lead few to doubt the future promises of cryptocurrencies, the upcoming year is surely going to be one of the trends changing and up heading year for the industry of blockchain. Various factors related to cryptocurrencies are changing and these factors are promising a positive impact on the market in the upcoming year. So, let’s have a glance at the future predictions of cryptocurrency having a positive impact in 2019.

Expectations in 2019

Blockchain stocks did not’t appear to be doing well last year, The reason was the low interest of companies toward it. But by the end of last year, the situation changed dramatically. Nowadays, most of the companies are spending or budgeting huge amounts of money on blockchain initiatives, also, the amount and trend are continuously increasing. According to a survey, the demand related to blockchain services is expected to be around $1.7 billion in 2019 alone and by 2022, it could reach about $12 billion!
 

Recoveries

We believe bitcoin is heading for a major recovery
Generally, lots of analysts in the cryptocurrency space expect the correction of the asset class to be extended throughout the first half of this year. And it is no news that Since November 2017, Bitcoin has shown a lack of momentum, it has been struggling to break out of key resistance levels in the $5,000 – $6,000 range. But we strongly believe that it would surpass that this year.
Even if the price of Bitcoin and other crypto assets might continue to decline substantially in the first two quarters of 2019, crypto-enthusiasts see the market massively recovering by the end of 2019. The lack of strength in the short-term trend of the dominant cryptocurrency led other digital assets, especially cryptocurrencies with low market caps and volumes, to perform poorly against the U.S. dollar.
In the latter half of 2019, one crypto technical analyst said that based on the historical price movement of Bitcoin, the asset could demonstrate large gains in 10 to 12 months.
‘The future lies in the study of the past’ he says. “We are approaching the 420th day mark which ended the 2015 bear market and if history repeats itself, we will be moving toward several months of accumulation and a new bull cycle starting late 2019. From history, Bitcoin has taken on average a 62 weeks period to recover from an 85 percent correction throughout the past nine years. 15 months since the start of the bear market in January would be March of this year.
The normal trends of the crypto market continue, as institutional money will finally enter into cryptocurrency in this year. The sign of entrance of this money in the market began to be felt in the last months of 2018 and surely in 2019, this will take place. Various kind of cryptocurrency investment platform for institutional money is already present in the market whereas a huge number of such platforms are under development with additional features. Institutions seem to be more interested in cryptocurrencies rather than the retailers. However, they were not having a sufficient amount of efficient investments platforms to perform. The existing tools were not so good to meet their security expectations. While 2019 has already given birth to a lot of such platforms, the share of institutional money in the crypto industry is surely going to be a huge one. The no. of transactions in the crypto market is increasing considerably. The capable software developers are providing easier and secure platforms for these transactions. These signs altogether indicate that 2019 could be that year of entry of institutional money into the market and would ignite the down valued loss of the crypto industry that it faced in 2018. To wrap this all up, What few people fail to recognize is the fact that, thanks to the 2018 price declines, most of the weakest hands in the market have fallen off. Meanwhile, stronger believers have held firm and even accumulated more Bitcoin.
Moreso, Distributed Ledger Technology has continued to advance, as major progress was made in fixing known deficiencies in first-generation cryptos and overall, the groundwork was laid for a new bull market.
This simply means that in 2019, much as it did after prior bear markets, Bitcoin will again rise up and head for new all-time highs.

Detail Explanation of Binance coin(BNB) with its features and price chart

BNB stands for Binance coin which is the native token of the Binance exchange. Binance coin is issued by Binance with the symbol ‘BNB’. BNB or Binance coin is a coin which will help you to provide a discount on the fees such as Withdrawal fees, trade fees, and on many other fees if it is paid by BNB. In simple words, Binance coin is a digital currency which is mainly used to pay expenses on the Binance trade. Binance coin or BNB was founded in 2017 by the two people named Changpeng Zhao and Yi He.  The Chief executive officer of this Crypto exchange is Changpeng Zhao. As Binance coin is used to provide a discount on the fees but it goes on decreasing every year:
First Year: There will be a 50% fee discount
Second Year: There will be a 25% fee discount
Third Year: There will be 12.5% fee discount
Fourth Year: There will be 6.75% fee discount
Fifth Year: There will be a 0% fee discount
The discount rate keeps on decreasing, BNB will not be more useful for a longer time. It is said that BNB is planning to build a decentralized exchange and BNB may be used as a key base assets on the site.

It is necessary to buy BNB OR BINANCE COIN?

Many people are curious to know that it is necessary to buy Binance coin or not. Every people wants to know what benefit Binance coin provide. In today’s context we can find numerous coins present in the Crypto world but now let’s discuss the following two topics:

  1. Why you should buy Binance coin:

Binance coin helps you to provide a discount on various fees such as Withdrawal fees, trade fees, and so on. If you are a regular Binance user and you have to do a large trades or withdrawals then Binance coin will help you a lot. It will play a vital role in decreasing the fees by providing a satisfactory discount.

  1. Why you should not buy it?

As I told that Binance coin will help you to deduct fees by providing discount but it will not be useful for a long time. Let me explain you, the discount rate will keep on decreasing over time and it will not be effective before it’s all bought back.

How to trade BNB?

Most of the people don’t know to sell or trade Binance coin or BNB. It is simple, and very easy process, you should follow the below-mentioned points to trade Binance coin.

  1. At first, go to the exchange platform where you have your Binance coin. You can select a compatible exchange platform if you have BNB or Binance coin in a digital wallet.
  2. After that, you must follow the instruction to finish your sale or trade.

What is the future Planning or Partnership of BNB or Binance Coin?

As we know BNB or Binance coin is one of the largest Crypto exchange not in China but also in the whole world. This Crypto exchange is planning a lot for future partnership with other giant industry.  But now one of the most valuable partnerships done by this Crypto exchange is with the Neo smart economy which is an exciting blockchain project from China.

Features of BNB or Binance Coin:

  1. Offers Discount:

    One of the most interesting and eye-catching features of this Crypto exchange is that it allows a good discount to the users if the trade is done by the BNB or Binance coin.

  2. Low transaction fees:

    BNB or Binance coin has very low transaction fees compare to other Crypto exchange. The fees rate of other Crypto exchange mainly starts from 0.25% but BNB allows you to trade in just 0.10% trade fees.

  3. User-friendly interface:

    As we all users want a very easy, and simple interface to do a trade of cryptocurrencies. Hence, BNB or Binance coin has a simple, easy, and user-friendly interface which appears or looks good in all electronic devices.

  4. Security:

    When it comes to the security, Binance Crypto exchange is one of the most secured Crypto exchange in the world. It has a very clean record’s related to hacking and other malicious cyber activities. You do not need to be a worry while doing trading from this Crypto exchange.

  5. Huge Withdrawal Limits:

    In most of the Crypto exchange you are only allowed to withdraw somewhere around $2000. But in the case of Binance, it has a huge withdrawal limit. It will allow you to withdraw somewhere around $30000. This proves that why Binance or BNB is regarded as one of the top Crypto exchange in the world.

Therefore, above are some features of Binance coin. From the above features, we can conclude that Binance is not only good for long-term investment but also good for short-term investment. But one must have to do a detail investigation before purchasing or investing in Binance coin.

Price Chart of Binance Coin:

Now let’s discuss the Price chart of Binance Coin or BNB:

Exchange Today’s open 24 hour volume 24 hour high 24 hour low Market Cap: Supply:
Binance $9.69 $23.40 Million $9.76 $9.52 $1.12 Billion $117.44 Million

Therefore, the data presented above was of October 15, 2018, and the time was 3:43 AM GMT. From the above data, you can know the actual price chart of Binance coin but the data keeps on changing every minute, to gain the complete information about BNB price chart you must be updated.

Do you like to see the Market List of other Crypto exchange as well? Then here it is:

Exchanges Market Share Number of Trades 24 hour Volume USD  Last Updated
Bithumb 20% >109,101 $635,940,043 October-15
Bitfinex 5% >168,520 $162,583,274 October-15
LBank 5% >123,401 $159,759,231 October-15

In a conclusion, Binance coin is a coin which is issued by Binance and runs on the Ethereum Blockchain. BNB is one of the most secured Crypto exchange in the world which offers you a heavy discount. There are total 200 million BNBs tokens but let me tell you this is the deflationary currency and will automatically go down to a cap of 100 million over the course of 5 years.

【References】

Finder

BINANCE INFO

CoinGecko