Even though most of the cryptocurrency markets are still showing plenty of bearish signs, it seems to be a matter of time until things improve once again. Until that happens, this extensive bearish trend will need to be endured, unfortunately. When even the Binance Coin price is going down in value, one has to acknowledge this is not the best of times for this industry.

Binance Coin Price Trend isn’t Surprising

When looking at the big picture in terms of overall crypto market momentum, it is only normal to see all currencies, tokens, and assets in the red. That is except the coins which are going through what appears to be a pump cycle. Binance Coin is, for once not rising in value when Bitcoin’s value is in the red. That seems to confirm this token’s trend may have run its course, for a little while.

Over the past 24 hours, the Binance Coin price momentum has soured significantly. While some people may claim this coin will gain another 100% fairly soon, the current balance looks a bit different. A 2.76% loss in USD…

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Source: https://themerkle.com/binance-coin-price-dips-as-investors-question-the-current-business-model/