Early May Update: Technicals
BNBUSDT makes up 46% of Binance coin trading and the daily chart looks good for BNB. The ascending trendline is still respected with possible pennant pattern formation crystallizing on the chart. Combined with lots of fundamental price drivers brewing in the pipeline, BNB is bound to leap upwards in similar fashion like in Q1 of 2019.
BNB’s sentiment score, measured by the market analytics firm Predicoin, paints a very positive picture.
wraps its analysis up into a single simple indicator known as the SentScore, which
is formed from the combination of five different verticals:
the SentScore’s scale:
- 0 to
2.5: very negative
to 4.0: somewhat negative zone
to 6.0: neutral zone
to 7.5: somewhat positive zone
to 10: very positive
Tron currently has a Sentscore of 6.1, with Twitter, Reddit and even search engine queries all trending upwards for BNB.
Early May Update: Fundamentals
- Last week news broke that Binance has launched its own Binance Chain as a precursor to the unveiling of its decentralized exchange, the BinanceDEX. The launch of Binance chain sets the stage for the transition of Binance from being a company into becoming a community.
- Binance delisted Bitcoin Satoshi’s Vision (BSV) following Craig Wright drama.
- Binance Coin is among 16 default cryptocurrencies supported by Samsung Galaxy S10.
Below is our long-term forecast where we cover general market movements and sentiment shifts before delving deeper into the specific predictions for BNB.
Binance Coin Intro
Binance exchange was launched much later than it competitors but the team behind charismatic CEO CZ, swept the market and its competitors and won the hears…