12/02/19 06:00 UTC-4

The Binance Coin token rose by 35%, setting a record high paired with Bitcoin

CryptocurrencyBinance Coin rose in price by 35% and showed maximum results in a pair with Bitcoin
Binance Coin rose in price by 35% and showed maximum results in a pair with Bitcoin

Binance Coin cryptocurrency (BNB), a tokenToken
– is an accounting unit that is used to represent a digital balance in an asset.Details
issued by the Binance exchange, set a new record value in Bitcoins – as reported by the CoinDesk news agency.

The token of one of the largest crypto-exchanges, BNB, on average, is sold at 0.002619 BTC (which is equivalent to $ 9.60). But on January 11, on Monday, the price reached its maximum level in the entire history of the coin – 0.002688 BTC (at 10:00 UTC).

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Binance Coin (BNB) – token development

Token has existed for more than a year and a half, but in all this time it has never shown such high results. Recall that Binance first registered a BNB coin for tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details
on July 14, 2017. After registering in the listing of several large stock-exchanges, the token reached almost 9,600% of the return on investment, compared to the initial price of placing the coins in December 2017 – $ 0.10.

At the same time, the token has significantly decreased in price compared to the dollar. Current figures show a price almost 57% lower than in January 2018, when the coin was sold at $ 22.5. (information on course changes from the OnchainFX analytical portal).

According to experts, the record maximum in the BTC-BNB pair is a consequence of the depreciation of the first cryptocurrency. According to OnchainFX infographics, the BNB token has surpassed “digital gold” several times over the past 3 months. Over the past week, BNB showed a sharp rise of 35%, by comparison, Bitcoin grew only by 5%.

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The rapid growth of the BNB token has led to the fact that it has become the 10th largest cryptocurrency in the world. The market capitalization figures for the coin have now stepped over a $ 1.33 billion barrier (according to Coinmarketcap.com).

The Binance Coin token has risen in price by 35% and set its maximum paired with Bitcoin. The statistics of the OnchainFX agency shows that there are three cryptocurrencies that have surpassed the BNB over the past seven days. Among the cryptocurrencies that hit records last week were the ARK, Dentacoin tokens and Theta Token, which posted a growth of 35%, 43% and 43%, respectively (statistics against the US dollar).

Editor: Yuliya Soroka

See also: "Travel by public transport in Argentina can be paid for by Bitcoins"

#cryptocurrency #exchange #Bitcoin #OnchainFX #analytics #BNB #BinanceCoin #stockexchange #Binance

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