Binance Coin [BNB] gains over 50% in market cap in a week
Binance Coin [BNB] prices are witnessing a positive investor sentiment in the market. The cryptocurrency has been trading with a bullish momentum and has exhibited a steady increase in market value. The cryptocurrency’s market cap was under $900 million a week ago. However, the current market cap of BNB can be traced at $1.3 billion. The coin has broken into top ten cryptocurrencies and is one among the top gainers of the market today.
The cryptocurrency is on a steady rise today. The market remains bullish for the altcoin. The cryptocurrency found support at $9.32 and faced mild resistance at $9.5. The next resistance level for the crypto asset can be traced at $10. If the current bullish momentum continues the coin can retrace its path and begin trading around $16.
The MACD levels for the digital asset indicate that the crypto asset is trading with bullish momentum. The hourly RSI is brushing shoulders with the overbought levels. The 100 EMA line traced at $8.8 is signifying an uptrend for the digital asset. At press time, the crypto asset is exchanging hands at $9.6 and is rising against USD by 3.57%.
The virtual asset is rising against Bitcoin [BTC] by 3.81%. At the time of writing, on BNB is equivalent to around 0.0025 BTC.
Binance Latest Updates
- Binance recently enabled credit card payments for cryptocurrencies. The move is to drive widespread adoption of cryptocurrencies.
- Binance launched BitTorrent token [BTT], a TRC 20 token. BitTorrent, a peer to peer file sharing platform, is built on a blockchain to allow faster downloads of files.
- Binance has launched crypto to crypto over the counter [OTC] trading desk. According to the exchange’s blog, the OTC trading desk will allow the exchange’s customers to trade larger amounts of cryptocurrencies listed on the exchange.
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