Binance Coin (BN), the native token of the largest cryptocurrency exchange Binance is surging with over 6 percent growth within the last 24 hours. With such new figures, BNB stood as the hottest cryptocurrency among top 10 coins on the graph of Coinmarketcap.
Binance Coin (BN) Surging Again
Unlike the favorable market figures, this week in crypto offered mixed signals – in fact, today’s crypto index showed few cryptocurrencies gaining back the figures they lost earlier this week. At press time, Bitcoin (BTC), Bitcoin Cash (BCH), EOS, Binance Coin (BNB), Tether (USDT), and Cardano (ADA) are the well-performing coins wherein BNB sets itself apart as the hottest cryptocurrency.
According to the data provided by Coinmarketcap, Binance Coin (BNB) is stick to its 7th position and trading at the value $18.47 against US dollar. Consequently, the market cap is up with 6.78% over the past 24 hours and counts its trading volume as $2,607,445,276.
Following the spike, its highest trading volume can be seen on Binance exchange having BNB pairing with USDT. Moreover, other exchanges that have contributed massive volume are P2PB2B, LBank, Coinsbit, EXX, Bit-Z, Bit-Z, and BitMax. Beside USDT, other coins that BNB is paired among these exchanges are BTC, USD, and BTC.
Although observers are yet to identify what spikes BNB’s value today, Binance exchange is bullishly moving towards improving crypto-ecosystem. As such, Coingape reported Binance Labs decision of granting $15000 each to three startups working on open-source blockchain technologies.
Nevertheless, the exchange had announced its ‘fourth’ token sale on Binance launchpad on behalf of layer 2 scaling solution MATIC. After the successful completion of BitTorrent, Fetch.AI, Celer Network launchpad sale, Binance is rolling out MATIC launchpad sale on April 24, 2019, wherein the base token that every participant have to follow is BNB only.
All-in-all BNB today pops-up with remarkable growth accompanied by a couple of other cryptocurrencies. What do you think has influenced the value of Binance token (BNB)? Share your thoughts with us.
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Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com