BNB Flipped XRP
This is an important snapshot that I would like to share with you all, and I will explain why. I would like to bring your attention to a few coins, which are like BNB and xrp in the crypto market. You need to check for the 3rd slot and which coin is sitting there, and the coin which you can see in the slot is none other than BNB, which is a very popular coin in the crypto market this time.
Now XRP has been replaced by BNB officially, and currently the XRP rank is 5th, whereas the BNB is sitting at 3rd position, followed by USDT, which is a stablecoin, so there is nothing much to think about this. So we can say that BNB is the 3rd coin in the market after Bitcoin and Ethereum, and the current price for BNB is more than 1300 US dollars.
Binance's BNB knocked XRP out of the third spot by market cap. The token surged 30% in seven days to hit $1,326, adding $40 billion, while Bitcoin only managed a 5% bump. CZ posted on social media on Tuesday, encouraging builders to continue developing on BNB Chain.
I'm really surprised and amazed by the growth this coin had shown in the market because I have seen this coin for a value of $10 in 2017 and now just a year back approximately this coin was available around $200 and this time can be like one more year plus also because I'm not exactly sure well but it is surely not more than two years so in this short span of time this project has done tremendous growth in the market.
It looks promising even now. So I believe now is not the time to book profit, but it is the time when we need to be tracking the growth and keeping an eye on its price to see how things are going, because you never know. Holding for more time can be even more rewarding with BNB, looking at its overall potential and growth in the market.
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Wow. Great. Thanks for sharing.
Hope it will flipped much bigger coin.
hope so
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Good analysis, Okalok! Your BNB buying and selling XRP was a very informative and exciting post. You have also made a clear point on the fact that as BNB surged to over 1,300 and moved to the 3rd position in terms of market cap, this indicates the speed at which the Binance ecosystem is moving. The fact that the 2017 level of 10 is compared to the current growth in a growth-wise manner is simply an indication of how impressive the process has been.
Your reminder about long term holding was also something I liked as a sign of a mature command of crypto investing. Rather than pursuing the fast money, you concentrated on measuring the growth and possibility and that is a good piece of advice to readers.
On the whole, your post was well-crafted, factual, and compelling the ideal combination of a market insight and personal reflection. Continue to post such analyses containing valuable information to the Steem community! 🚀