Cryptocurrency market immediately reacted to the news about the opening of trading on Binance, after hacking and theft of 7000 BTC. It is interesting to note that the value of Bitcoins during this time showed a drop, while Binance Coin grew by almost 13%.
The fall in the value of BNB was observed immediately after news of the burglary on may 8. Binance Coin was trading at $21,82, and then fell to $19,89. A few hours after news coin recovered quickly, but its price has returned to $21,24.
Last week, when Binance were not working and restored its security, the coin BNB remained fairly stable, trading in the range of $19 — $24. Now, after the official news on the re-opening of trading on Binance, tokens, BNB saw an almost instant jump from $23.62 in up to $25,70. At this time growth continues and according to the latest data token BNB at the present time rose by 12.66% and trading at $27,14 at the time of this writing.
The confidence of traders in the sustainability of BNB increases
BNB noted some level of movement before the opening. As soon as Changpeng Zhao has announced that trading will resume Binane Coin saw a natural surge, as traders sought to obtain additional profits on the recent price increase of Bitcoin.
A few traders on Twitter shared their price forecasts for the BNB, after the opening exchanges, considering that the tokens will increase prices to new historic highs over the next 24 hours.
I think $BNB is going to enter price discovery (new all time highs) in the next 24 hours.#ihaveabag pic.twitter.com/2vDF6cc6AU
— The Crypto Dog📈 (@TheCryptoDog) May 15, 2019
A similar view was expressed by other traders. Which turned out to be right.
$BNB is the one that will fly true the roof after @binance will open trading again. $btc
— GKasp (@GKasputis) May 15, 2019
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Tags: Binance BNB