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Binance Coin [BNB] Enjoys Weekend With Over 15% Growth – Will it Continue Next Week?


Binance Coin or BNB, the native token of the pioneer cryptocurrency exchange Binance is recording a new value – for the first time ever, BNB is trading at the value $25 against USD with the gain of over 15% within the last 24 hours.

Nevertheless, other cryptocurrencies on the chart of Coinmaketcap are also performing quite significant – as such, the ruling cryptocurrency Bitcoin gains near 2 percent and other altcoins follows the similar uptrend.

Image source – Coinmarketcap 

While other coins are relatively up with 2 or 3 percent since the last 24 hours, BNB appears as the hottest player with an eminent figure of 15.72 percent among the top 10 cryptocurrencies. At the moment, the BNB strongly holds its 7th spot in terms of market capitalization which significantly counts at $3,535,789,126 USD.

Image source – Coinmarketcap 

A closer at BNB’s trending trading volume indicates that the coin is majorly trading at its parent company, Binance. Binance exchange is contributing the highest trading volume to BNB in two different pairs – one is BNB/USDT and another is BNB/BTC. Besides Binance, other largest exchanges that contribute significant trading volume are Bit-Z, LBank, P2pB2B, BitMax, Coinsbit, Bit-Z and EXX.


Image source – Coinmarketcap 

At the time of finishing the writing– BNB quickly jumps over $25 from $24 (at the start of reporting) and up with 15.72% from 14% within an hour.

Nevertheless to note that Binance exchange has recently altered one clause from BNB’s whitepaper – as Coingape reported it has removed ‘BNB repurchase’ clause to ‘BNB burn’ clause with a vision to ensure Binance users understand how exchange undertake Coin burn program.

Binance change its whitepaperImage source – TheBlockCrypto

What do you think has influenced the value of Binance token.? Let us know in the comment.

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