Leading Crypto Altcoin May Drop 40% If Support Fails
Although has had a stellar year thus far, 2019 has not been a strong year for the altcoin market. Only two out of the thousands of altcoins on the crypto market were able to outperform Bitcoin over the first half of the year.
However, one of those top performers is in trouble of retracing much of the gains it experienced this year, falling as much as 40% if the next support level fails, according to one crypto analyst.
Crypto Analyst: Binance Coin at Risk of a 40% Drop
2019 has been the year of , but also the year of . Or at least the first half of the year was.
During the first half of 2019, Binance made announcement after announcement, debuted a DEX, launched margin trading, and so much more. Between the constant positive media attention, and the utilizing the native crypto token of the exchange, driving up demand, the altcoin called Binance Coin’s value skyrocketed as a result.
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