News Binance coin (BNB) rises 11% ahead of Binance.US opening

Binance coin (BNB) rises 11% ahead of Binance.US opening

-

- Advertisment -

The price of the crypto exchange Binance’s native cryptocurrency Binance Coin rose 11% today, ahead of the launch of the Binance.US registrations page.

But once registrations started, the price of Binance Coin dropped from highs of $22.89 to its current value of $22.05. Clearly traders “bought the rumor, sold the news” as the phrase goes.

The initial rally may have been caused because, despite previous announcements, Binance.US is listing Binance Coin from the outset. Initially, the coin was on a list of potential assets (out of 40) but was left off the list of six confirmed coins. But a trader pointed out today that BNB will be present, which Binance CEO Changpeng Zhao then confirmed.

Across the first half of 2019, Binance Coin (BNB) performed well, rising from a low of $6 to highs of $39 in June. The coin’s price then fell massively, hitting lows of $19.80 on Sept 12. The recent uptick in prices is a positive sign for the coin, alongside a surge in its daily trading volume to $155 million.

Of this $155 million, around $70 million is traded on the exchange’s own order books—making up around 5% of the company’s daily trading volume. Binance’s aggressive growth strategy will likely increase the usage of the coin. With its rapid expansion plans—and ideas to provide more use-cases for BNB—Binance is full steam ahead.



Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Facebook’s Digital Wallet Name is Changing – From Calibra becomes Novi

The renaming of its digital wallet, from Calibra to Novi, was decided by Facebook, almost a year...

What is the Mysterious Pi that Doesn’t Belong to Cryptocurrencies?

Rarely do cryptocurrency websites refer to anything other than bitcoin. According to experts, the main reasons are...

To Kill A Dragon – How To Build An Honest Alternative To Sharing Economy Industry

The sharing economy is big business. Platforms like AirBnB, Uber, WeWork, Upwork, and others in the industry...

3 Beginner Friendly Ways to Make Money with Cryptocurrency 2020

In this article, we will explain how to make money with cryptocurrency in 2020. These methods are...
- Advertisement -Binance coin (BNB) rises 11% ahead of Binance.US opening

Blockchain, Bitcoin, and Mashed Potatoes

According to studies, over the next 5 years, many of the major supermarkets are expected to...

Different Facets of Biometric Authentication and How They Are Making A Difference in The Financial Sector

When we think of authentication in the true sense, then we find ourselves amid the different proven...

Must read

What is the Mysterious Pi that Doesn’t Belong to Cryptocurrencies?

Rarely do cryptocurrency websites refer to anything...
- Advertisement -

You might also likeRELATED
Recommended to you