Analyst Josh Rager: in the future, Binance Coin can wait for a "bloody correction"

Josh Rager, a crypto trader and a popular analyst, believes that Binance Coin (BNB), the native token of the Binance Crypto Exchange, is waiting for a “bloody correction” if something goes wrong with the margin trading proposal – the company’s intention to provide its users of this tool became known recently.

Despite the fact that over the past year, the crypto community has watched the incredible growth of the BNB rate – the token managed to break from the 49th position in terms of market capitalization on the 7th, and its rate recently exceeded $ 30, there is an assumption that Binance Coin, like other cryptocurrencies, a significant correction cannot be avoided. The increase in the price of Binance Coin was influenced by such events as the launch of the Binance Jersey trading platform, which allows trading in the direction of “crypto-Fiat” (BTC / EUR, BTC / GBP, ETH / EUR, ETH / GBP).

In addition, among the achievements of Binance is the launch of the decentralized platform Binance DEX, which provided customers with the opportunity to trade using crypto-wallets. Currently, Trust Wallet from Binance and Ledger Nano S are fully integrated with Binance DEX, and other wallets will be supported in the future.

$ BNB – I'll care about you

There is a possibility of a red line correction in the future.

Don't fool yourself all markets correct

I will buy pic.twitter.com/7ka3oD2oUg

Josh Rager ? (@Josh_Rager) May 24, 2019

In one of his Twitter publications, Josh Rager said that the Binance decision to provide users with access to margin trading should have a great effect on the growth of the BNB rate, but if something goes wrong, then Rager advises not to be deceived and rely on "bloody correction" .