Binance coin [BNB] moves ahead of Nem [XEM] in the crypto market 15343
News
Ashmita Dutta
Jun 18, 2018 at 8:10 PM

Binance coin [BNB], the native digital currency of the international multilingual crypto platform, Binance is maintaining a positive momentum. Among the top 20 privacy coins, Binance coin [BNB] shows an upsurge, thereby, securing its position in the green zone. The green zone of Binance coin [BNB] suggests positive growth in terms of its daily and weekly price alterations. Recently, BCFocus has reported about Binance coin [BNB] soars up despite the bearish condition in the crypto market.

Quite astonishingly, the bearish nature of the crypto market dragged down the value of the top three virtual currencies as well. The price of Bitcoin [BTC] which occupies the first position has experienced a steep declination of 4.71%. In the second rank comes the Ethereum cryptocurrency [ETH] which has seen a depreciation of 6.38% and finally, the downfall of Ripple [XRP] is 10.55%.

Binance coin [BNB] in a very short period of time pulls itself up from rank 16 to the 15th position as per the ranking on CoinMarketCap. 12th June, 2018 marked the inclusion of two significant trading pairs Ethereum Classic [ETC]/ Tether [USDT] and Ethereum Classic [ETC]/ Binance coin [BNB]. This declaration provided an impetus to the price trend, thereby, making the valuation of Binance coin [BNB] go high.

In the price list, Binance coin [BNB] is immediately followed by NEM [XEM]. The current price of NEM [XEM] cryptocurrency is marked at 0.192117 whereas Binance coin [BNB] has the price value of 16.8962. The current level of downfall of the former is by 2.18% whereas the percentage rise of the latter is by 2.31%. This explicitly shows how Binance coin [BNB] manages to go ahead of NEM [XEM] crypto coin.

Recently, the co-founder of NEM [XEM] Erik Van Himbergen has made an announcement to join Tutellus in the designation of an advisor. Lately, NEM foundation came together with Tutellus and Cryptonomos for transforming the education sector, worldwide.

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