CAN THE BINANCE COIN SEE $ 19 AGAIN WITH THE LATEST DEVELOPMENT?

CAN THE BINANCE COIN SEE $ 19 AGAIN WITH THE LATEST DEVELOPMENT?

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How will Binance's new gospel affect the price of the Binance Coin? 

Changpeng Zhao, CEO of the Binance cryptocurrency exchange, shared a key clue to the stock market's new plan with a statement today morning. The Launchpad platform, which Binance began reusing in 2019, is seen as the perfect fit for Ieos. Binance made a lot of ieo with Launchpad in 2019, which allowed the BNB price to go up to $ 40.

The price of the Binance Coin, which broke the all-time record, continued to decline sharply and is trading at $ 17 as of the time this article was written. In a statement in the morning, CZ emphasized that they would start making IEO via Launchpad again, hinting that it was a surprise project.

Is The Rise Of The Binance Coin Finally Beginning?

Decentralized finance, one of the popular trends of recent days, may be the basis for the CEO of Binance's surprise. Binance will announce the New IEO very recently, and if this is a DeFi project as predicted, Binance Coin will be affected. The acceptance of only Binance Coin as payment in Binance Ieos brings a direct increase for the BNB.

If demand for the project is high, so are Binance Coin purchases. For the moment, the most important resistance point in front of the Binance Coin is known as 19 dollars. If Binance's surprise move can deliver the momentum BNB is looking for, it may be possible for the price to break $ 19 resistance and rise towards a record high.



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