Why is it that BNB (Binance coin) went up so quick?
Was it the token burn or something else? BNB looks one or the most promising investments even at current price and I think that it has the potential to be worth more than $100 one day soon. I want to know what were the fundamentals that took it so high in just a few days. More than 2x in just a few days shows how much faith everyone has in this coin.
Binance Coin [BNB] continued its bullish swing by overtaking TRON [TRX], in terms of market capitalization. The coin is now placed ninth on CoinMarketCap, three spots higher than its position a month ago. Good thing also that I'm currently in my research about the upcoming cryptoexchange platform named Bitrus, which aims to operate remittances through their system. Anyway, Binance Coin was once again, one of the biggest gainers in the top 10, gaining against the US dollar by a mere 0.43 percent. It was trading at $11.02, a massive 66.96 percent price increase compared to its price a month ago, which stood at $6.60. At press time, the coin’s total market cap was at $1.55 billion. Furthermore, if BNB’s bullish rise persists, Stellar Lumens [XLM] could also be trailing BNB as XLM is just $60 million ahead of a rising Binance Coin in terms of market cap. Binance took the top spot in terms of BNB trading volume via the BNB/USDT and BNB/BTC trading pairs, each accounting for 36.67 percent and 29.47 percent of the trading volume. Hopefully this surge of BNB will continue on... Was it the token burn or something else? BNB looks one or the most promising investments even at current price and I think that it has the potential to be worth more than $100 one day soon. I want to know what were the fundamentals that took it so high in just a few days. More than 2x in just a few days shows how much faith everyone has in this coin.
