Binance Coin Proves The Alt Winter And The Bear Market Doesn't Have To Determine The Price Of Your Coin

So I came to a realisation the other day that might have you rethink how the alt season is impacting the market. I am not going to deny that we are in an alt winter and that things will be much easier for coins when the market turns but the bear market is not the only factor that is stopping coins from succeeding. Any coin can be doing well in this market if you are running a proper business and this has been proven by the binance coin.

If you look at their char on coinmarketcap.com you will see that they had a run-up and crash like every other coin around the dec/jan 2018 time frame. But then the price goes back up. Not only does it go up it passes ATH. The price of the Binance coin has almost doubled what it was at the peak of the "bubble".

This means if one coin can do it any coin can. And it also means this idea that there was this crazy bubble of prices we will not see again doesn't pan out. The truth is the market doesn't need to control the price of your coin and if you have a good business plan than you can succeed.

The truth is a lot of crypto projects are not bringing in USD or running a business and are relying on the value of the coin alone. We saw this with steem and how it took them years to run ads and bring money into the project and value of the coin.

Sure your business isn't going to be as big as an exchange but it doesn't have to be. Look at how much money popular social media makes without crypto. If you have a successful business and are using those funds properly you do not have to wait for alt season to start.

Here look for yourself:
https://coinmarketcap.com/currencies/binance-coin/