Ethereum Classic [ETC] and Binance Coin [BNB] are the only coins of the top 20 on CoinMarketCap to have green signs in their 24-hour cap.
Earlier this week, Binance announced the opening of trading for ETC/BNB and ETC/USDT trading pairs at 2018/06/12 2:30 AM [UTC]. It was speculated that the announcement of trading pairs had given BNB and ETC a hike in their prices.
As per observance, BNB and ETC had a mutual benefit through this listing. The coins were running low due to the bearish market. The announcement of the trading pairs turned the coin caps green. This seemed to be a mutual benefit for BNB as well as ETC. The coins decided to be traded together at the time of a bearish market. While the top 10 coins still had their weekly cap running in red, BNB & ETC were running green!
Today, as noticed on CoinMarketCap, BNB is running green in it weekly and 24-hour cap with a hike of 4.20% and 0.33% respectively. Additionally, BNB shows a rise of 3.91% in its weekly cap as well as a hike of 0.61% in its 24-hour cap.
ETC over the week had a few activities running in, ETC faced a surge of 25% hike due to the announcements of Coinbase and Binance listing. The coin also gained popularity due to the fame earned by announcements on two largest trading platforms.
Binance in the past week listed SC, IOTX, and ICX. All the three coins experienced a hike in their price after the listing. Quantitative data analyst, Ken Xuan of Fundstrat tweeted the launch of Fundstrat Weekly, also known as Benchmark Crypto Performance. In its first ranking, Binance’s native coin BNB was impressively on top. None of the big cryptocurrencies made it to the top three; however, Ripple managed to fall to the 4th place.
Both the coins have been doing well, lately. At the time of writing, ETC ranks #18 and BNB ranks #16 on CoinMarketCap. ETC is traded for the price of $14.46 while BNB is traded for the price of $15.49. The market cap of ETC is $1.4 billion while BNB stands at $1.7 billion as its market cap.
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