Binance coin (BNB) pairs up with Ripple (XRP)- 2018 expects growth surge 11182
News
Ashmita Dutta
Jun 1, 2018 at 7:29 PM

Binance coin (BNB) is pairing up with Ripple (XRP) as per the recent announcement made by Binance. This declaration pertaning Binance coin made no impact on the Ripple price. The trading pairs of Binance have previously been briefly reported by BCFocus.

Yet, the crypto investors welcomed this crypto news with great excitement. The investors have a notion that this pairing would supplement to the Binance coin valuation. The coin experienced a significant upsurge in February, 2018. This event occurred prior to this declaration made by Binance. This was the period when cryptocurrencies experienced a steep downfall in the price.

 

 

Binance coin (BNB) has become prominent in the course of time being the native currency of Binance, the largest cryptocurrency exchange. Binance records $2billion or exceeding volume each day. It is popular among crypto traders and investors due to the security provided by it. Consequently, BNB is ought to have a significant value in the market space.

Uniqueness of Binance coin

Binance coin (BNB) does not follow the behavioural pattern of other cryptocurrencies in the market. The volatile nature of bitcoin leading to price fluctuation impacts the market value of other digital currencies. However, a contradictory behaviour is seen in terms of this coin. The price of this coin is controlled by the reliability Binance crypto exchange maintains. The launch of True USD has increased the customer base of Binance, thereby, providing impetus to BNB valuation.

There is, indeed, another factor that positively impacts the price of this coin. The fact that the supply of Binance coin (BNB) will diminish in the future times leads to price rise. Presently, the coin is in high demand since the investors are aware that future dearth in supply.

This would be beneficial for long term growth in terms of value. The price would reach as high as $100 if the current trajectory of growth is sustained. In critical times, Binance coin (BNB) happens to be highly recommended and the best coin to be held.

It has the potential to offer special privileges which coins like USDT with stability fails to provide. Binance coin (BNB) is for those investors seeking stable growth over higher returns.

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