In the coming altcoin news, we are featuring the Binance Coin (BNB) altcoin which has had a stellar performance over the past week and year, surging by more than 315% since January 1st. The altcoin managed to surpass its all-time high values established on January 12th last year, becoming the first cryptocurrency with such performance.
Binance Coin (BNB) is right now trading at $24,47 and continuing to surge. Despite the recent correction, it is featured on many best cryptocurrency news sites as a true winner this month and the first token that managed to soar past its former ATH value against the USD achieved back in January 2019 right around the peak of the historic bull run of the market, when BNB was trading at $24.46.
Against Bitcoin, Binance Coin (BNB) is also doing great and surging to new levels. In the latest cryptocurrency news, analysts expect it to get over the $25 mark.
For that, it is definitely safe to say that there is more than just one reason for BNB’s strong performance throughout 2019.
Some of them are as following:
- Utility – The main purpose of the BNB coin was to allow traders to receive significant discounts on trading fees when using BNB to pay for them – with recurring discounts in regards to listing fees, withdrawal fees, exchange fees and other fees.
- BNB Burning – Binance Coin (BNB) had a limited supply of 200 million but the Malta-based exchange later said that it would leave just 100 million BNB in circulation.
- Binance Chain – This is another major development trending in the altcoin news section as one of the recent launches for the decentralized exchange Binance Chain.
- Changpeng Zhao (CZ) – Last but not the least is the boss of Binance, the popular CZ, who is behind the rise of Binance Coin (BNB) and constantly playing a role as a prominent individual in this market.
The above listed are only some of the reasons why Binance Coin (BNB) deserves to rise and why it has had such a strong performance. It is interesting to see whether the coin will maintain its steady course upwards.
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