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UnknownUnicorn1163721
Jun 12, 2018 10:02 PM

Binance Coin price is immune to BTC dips before coin burn dates. Long

Binance Coin / BitcoinBinance

Description

Thought I would plot both prices on the same graph to see if BNB price is affected by BTC price dips before coin burn dates. It seems completely immune, unlike almost every other alt, which drop when BTC drops. Quite surprised by this discovery. Could be quite important as we go forward to the next coin burn on July 15, with BTC dropping again.
Comments
clutterbilly
I don't think that has that much to do with the coinburn though, this coin just runs up and I think it's creator CZ wants it to be a winner...remember that Binance also spends 20% of their profit by buying BNB back at market value after a coin burn.
UnitedFreedomJapan
@clutterbilly, buy back is the coin burn... Also, a lot of people use BNB pair to trade when bitcoin is going down.
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