Binance Coin [BNB] has been the only token in the top 20 to maintain the green consistent growth in its hourly, daily and weekly price change. Bitcoin[BTC], Ethereum [ETH] and Ripple [XRP] the top three coins of the market are currently facing a low, it has seen a fall of 4.71%, 6.38% and 10.55% in the past week respectively at press time.
While the top coins are falling, BNB earlier ranked at #16 on CoinMarketCap and is now at #15 with this hike!
BNB was in the news last week and Ethereum Classic [ETC] is the only token along with BNB to see a positive spike on the board.
On 12th Binance added BNB and ETC trading pairs, for ETC/BNB and ETC/USDT trading pairs.
As observed, BNB and ETC had a mutual benefit through this listing. The coins were running red due to the pressure of the bearish market. The announcement of the trading pairs immediately changed the trend to a positive green.
Recently, NEXO, a Financial Technology group powered by Credissimo, announced that Binance Coin will be accepted as a collateral for the cryptocurrency backed up loans. A Quantitative data analyst, Ken Xuan of Fundstrat tweeted the launch of Fundstrat Weekly, also known as Benchmark Crypto Performance.
In his tweet, Xuan posted 3 charts showing analysis of sector/size, relative performance, and correlations through indices and graphs. In the top stood BNB, Binance’s native cryptocurrency!
Binance in the past week listed 3 coins which pumped up their prices. Binance listed SC, IOTX, and ICX. All the three coins experienced a hike in their price after the listing.
At the time of writing, Binance coin [BNB] ranks #15 on CoinMarketCap. BNB has a trading price of $16.95, it has a market cap of $1.9 billion. The coin has seen a rise of 1.09% in the past one hour, its daily price is at a plus percentage of 4.69 while its weekly price has a hike of 17.38%.
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