- Robinhood and Coinbase stocks have surged following the recent election win.
- Binance Coin’s stagnant performance raises speculation about a potential breakout.
- Investor sentiment around the U.S.-based crypto platforms remain optimistic, with a close watch on BNB.
In the highly disputed patriarchal societies, it is evidenced that after the recent win by Donald Trump, the market for companies dealing with crypto such as Robinhood (HOOD) and Coinbase (COIN) have received huge boosts. This post-election momentum has not yet applied pressure on Binance Coin (BNB) in this regard, so investors naturally start wondering whether BNB may join the trend soon. The past activity of HOOD and COIN shows increasing investors’ attention to crypto assets and firms connected with the U.S. markets.
Robinhood and Coinbase Stocks Show Positive Response
This is evident after the election results when shares in Robinhood and Coinbase went high. A clear up move was obvious in the revenue generating stock $HOOD with the closing price indicating $29.85. Likewise, COIN kicked past $250 and reached $254.30, a new record for the ecommerce for cryptocurrencies.
These positive signals demonstrate optimism from investors into crypto based platforms and financial services based in the United States after the election assuming that the new political circumstances may usher in favorable regulation or, at worst, recognition of cryptos in America.
The enhancement of stock prices in HOOD and COIN could be a sign of positive expectations for all businesses within the United States market especially those associated with crypto frat. This optimism could be as a result of the increased regulatory reform or increased awareness from the public towards investment in cryptos after the political change.
Binance Coin: A Potential Breakout Awaits?
Still, Binance Coin ($BNB) itself has not followed the rising stock prices of companies like Robinhood and Coinbase. Needless to say, BNB did not seem to accumulate as much value as btc or eth, for example, closing at $596.33.
There are some analysts who could now theorize that the current position of BNB might be in a retracement level before entering an upward movement or a ‘breakout.’ This lag could open up an opportunity for BNB to experience an upward trend if there is or if the perception towards the token and cryptocurrencies strengthens.
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
