Binance Coin hits an all-time high at $55.
The popular crypto exchange, Binance‘s native token, Binance Coin, has seen its value surge to a new all-time high which culminated in its market cap overtaking that of Bitcoin Cash.
Binance’s native token, Binance Coin, has seen its value surge to a new all-time high which climaxed in its market cap surpassing that of Bitcoin Cash.
Data from TradingView has shown that BNB is now the ninth-largest cryptocurrency by market cap.
BNB and some altcoins record a surge in their value.
The coin hit a value of $55 before its value corrected to just lower than $54. The Binance trading platform itself has also seen a high volume of trading for it seems that the alt-season might be happening again.
Amidst this period, the value of Dogecoin rebounded after a tweet from the world’s richest man, Elon Musk, was a buy signal from traders. This came out in a massive purchase of the asset which increased the coin’s value by 50% again.
The CEO of the firm, Changpeng Zhao also reported that “isolated latencies” were being observed on their system. But Binance is not the only crypto exchange experiencing a surge in its traffic as other exchanges have reported an increase in theirs too. This can be linked to the bull run of the crypto industry and the attention the industry has been enjoying lately.
BNB’s victim of a new all-time high is Bitcoin Cash, which has now been relegated to the 10th position on the table of the ranking of the biggest crypto assets by market cap. Bitcoin Cash has been progressively endangered, as it can lose its status as being one of the top ten assets to the 11th placer Stellar Lumen which is only $700 million behind it.
Binance pay aids BNB and other crypto assets In some news, Binance pay is a new product of the crypto exchange that now supports BNB and other cryptocurrencies like Bitcoin, Binance USD, Ethereum, Euros, and Swipe Token. The platform launched its beta version early this week.
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