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‘What Dreams Are Made Of': Trader Who Nailed 2018 BTC Bottom Says Major Altcoin Flashing Top-Tier Bullish Signal


BNB Chart Looks Bullish on Weekly Time Frame
The Binance Coin (BNB) has been on a tear in recent weeks, following the overall uptrend in the cryptocurrency market. Bluntz notes that on the weekly chart, BNB has formed a "massive" bull flag pattern, which is a continuation pattern indicating that the uptrend is likely to continue. This is a positive sign for BNB investors and could signal further price increases in the near future.
Binance Launchpad and Token Burn Boosting BNB's Momentum
One of the key drivers behind BNB's recent price surge is the success of Binance Launchpad, the platform's token launch platform. Binance Launchpad has seen a string of successful projects, including the highly anticipated launch of the DeFi platform, Cream Finance. This has increased demand for BNB, as investors are required to hold BNB in order to participate in these token launches.
Furthermore, Binance recently announced another token burn event for BNB, where they will destroy a portion of the circulating supply, reducing the overall supply and potentially increasing the value of the remaining coins. This has caused a spike in interest and buying pressure for BNB, driving its price higher.
BNB Could be the Next Big Mover in the Crypto Market
Bluntz believes that BNB could be the next big mover in the crypto market, as it has all the necessary ingredients for a strong uptrend. With a solid chart pattern, a successful token launch platform, and a highly anticipated token burn event, BNB could see significant gains in the coming weeks and months.
Investors and traders are taking note, with BNB trending on social media platforms such as Twitter and Reddit. The crypto community is already using hashtags such as #BNB and #Binance to discuss the potential for further price increases. As the market continues to recover and gain momentum, BNB could be one of the top performers in the top-10 crypto assets by market cap.
Final Thoughts
In the volatile world of cryptocurrencies, it's always important to do your own research and make informed decisions about your investments. However, with a bullish chart pattern, strong fundamentals, and growing interest from the crypto community, BNB could be a top pick for investors looking to diversify their portfolios. Keep an eye on this top-10 crypto asset as it could be the next big mover in the market.


Sentiment Result : Positive

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