Wider Crypto Market recovers with Binance Coin

Binance Coin (BNB) became the third digital currency in the world to reach a market capital of $50 billion after BNB jumped nearly 30% in the last 7 days of trade. As of writing, BNB is trading near $375 with a market cap more than $55 billion.

Responding to the Cryptocurrency’s latest performance, Binance founder and CEO, Chanpeng Zhao (CZ), had seemingly nonchalant response “Its look like BNB made an ATH (All-Time High) earlier today before previous tweet. My bad”

With the BNB’s positive momentum, the entire crypto market gains uptrend momentum once again. At press time, BNB is setting around $375, Bitcoin (BTC) $59100, ETH $2110 , ADA $1.205 , HOT (HOLO) $0.031 , WIN (Wink) $0.00227 (Both HOT and WIN assets are available in Binance platform for trade), DOGECOIN $0.0579 , STMX (StormX) $0.091, XRP (Ripple) $0.79.

Binance Coin (BNB) is launched in July 2017 by the World’s largest Crypto exchange by volume, Binance. Originally an ERC-20 token, BNB later swapped to the BEP-2 standard, after the successful launch of Binance Smart Coin (BSC), the exchange’s blockchain ecosystem.

BNB started this year at a price level of approximately $37. Several Crypto organizations around the world are accepting BNB as a payment method. Binance exchange users can stake the native currency to earn rewards or participate in exclusive token listing through Binance Launchpool. Users can also pay trading fees in BNB at a significantly reduced cost. Recently, Binance offer subscription buying for it’s 17th launchpool listing of Indonesia’s leading Crypto Exchange- Tokocrypto (TKO). The final token distribution will be generated on April 7, 2021.

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The author Kunal

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