Binance Reports Seeing ATH in Terms of System Traffic, Higher than Dec 2017

By stevo muchoki | Crypto mind game | 17 Aug 2020


The largest crypto exchange in terms of traded volume has reported experiencing all time high in terms of system traffic. According to Binance CEO, Changepeng Zhao, the system is seeing traffic that is higher than Dec 2017.

“We are seeing ATH in terms of system traffic. Higher than Dec 2017. Should be interesting to see what happens next,” CZ tweeted.

Coincidentally, Bitcoin US dollar derivative has just broken $12k mark and seems ready to shoot higher. In addition, XRP, the third digital asset by market capitalization has broken above its multi year resistance and support level with the bulls in control.

At the time of reporting, Bitcoin was up over 4% , trading around $12,412. Ethereum ETH was up around 2% , trading at around $442. On the other hand, XRP was up slightly above 5.52% to trade around $0.322.

With Binance system traffic higher than 2017, high chances of the top three digital assets hitting ATH soon remains high. At the same time, the ROI based on the 2020 lows might be higher than that reported in 2017.

However, it may just be a normal spike in volatility. Perhaps there will be nothing huge coming, but the probability of high volatility remains extremely high.

Lets watch out what happens next!

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stevo muchoki
stevo muchoki

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