The exceptional performance of Binance Coin (BNB) since the start of 2019 has had investors pay attention to the token. Several reasons could be attributed to the rise in the tokens price, including the launch of Binance Chain, Binance DEX, and token launches on Binance Launchpad.
Updated 2 days later. https://t.co/QEAwhc1cyi pic.twitter.com/MO5ZoiD5ih
— CZ Binance (@cz_binance) May 21, 2019
The latter is especially interesting, given that a number of tokens launched on Binance Launchpad have seen exceptional gains, including Bittorrent Token (BTT), Celer (CELER), and Matic (MATIC). Users who purchased MATIC would have seen a multiplier of 17.11x, a stunning profit.
Seeing that such profits are possible on the platform, it could be the case that investors are rushing to buy BNB tokens in the hope that more such profit potential is to be found in the near future.
Not all in the cryptocommunity are pleased with the development, however. Some users, posting on Twitter, have questioned the quality of these tokens and the need to highlight price over usage,
when the CEO himself promotes 'high returns' of shitcoins that used his centralized platform & token, you know they true scams that exist purely to raise capital. Good CEOs in this space don't talk about price, they focus on the tech and adoption
— Harry Papacharissiou (@pappas9999) May 21, 2019
Would much rather to see stats on their usecases and activy rather than price personally.
— xen 🏖️ – ⛓️Blockchain⛓️ (@xenzor1) May 21, 2019
Problem is that they are all shitcoins. People get in for the wrong reasons and this isnt why we should be in crypto… I find it a bit sad you are promoting this @cz_binance
— Rob Nguyen 🏆 NEXO (@robnguyen90) May 21, 2019
Binance itself has hit $32 after recently hitting an all-time high price, and has gained 10% over the last 25 hours. Unfazed by the recent $40 million hack, the trend looks to continue for the token.
