Binance Coin (BNB) Reaches an All-time High of USD 25.54 with DEX; the Best is Yet to Come

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Binance, a term comprising of two words namely, Binary & Finance, is the largest global Cryptocurrency exchange. The team has recently launched a blockchain based distributed ledger, Binance Chain which is a decentralized exchange (DEX) allowing customers to trade more directly without any interference. BNB is the official coin of the system and is available on popular exchanges. With over 10 million users already registered with the platform, the crypto aims to further its community by leaps & bounds. Furthermore, according to Changpeng Zhao, CEO – Binance, the coin has just touched the tip of the iceberg and has a long way to go as it increases its user base and demand with the introduction of some state-of-the-art features.

Current Statistics:

Binance CoinAccording to the CoinMarketCap, Binance Coin is ranked at 7th position in the top 100 cryptocurrencies list trailing Litecoin & EOS. As on April 22, 2019 at 08:44:03 UTC, the Market Cap was recorded at $3,310,057,766 USD and 24 h volume stood at $274,948,348 USD. The price is trading at USD 23.45 and 0.004455 BTC. The ROI stands at >9000%. The circulating supply of the BNB coin is recorded at 141,175,490 BNB as against the total supply of 189,175,490 BNB.

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Comparison:

The coin had touched an all-time high very recently on April 20, 2019, when the price reached at USD 25.54. The price is surging at a faster pace. If we look at the 7 days highest, the highest was recorded at USD 25.53 and the lowest at USD 18.79. The 24 h high/low reached USD 24.51 and USD 22.79 respectively. As on March 25, 2019 at 06:49:04 UTC, the Market Cap stood at $2,443,497,805 USD, BNB price was trading at $17.31 USD & $0.004310 BTC and 24 h volume was over $322,019,407 USD. This reflects an upward trend of over 35% in the past 25 days, and it is going to increase further in the coming days.

Prediction:

Binance Coin made history by reaching an all-time high of USD 25.54 after the DEX launch. In fact, since the beginning of 2019, BNB has been making rounds for its bullish growth. The technological fundamentals of the core team are quite promising for traders who continue to invest in the crypto. The roadmap further involves the introduction of features increasing the usability of the coin at multiple levels which will provide a boost to its demand and worldwide acceptance. It is user-friendly, fast, secure and highly reliable which makes it the popular choice for many investors. The price can be expected to rise to USD 28 by the end of 2019 as the crypto market revives and can reach USD 40 by the end of 2022.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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