Binance Coin (BNB) – a multi-language digital currency that is traded on a global scale has its price rocketed from the low of $12.63 to the high of $17.29 last week. The value of the digital currency was as low as $12.63 on the 30th of May and got to as low as $12.29 on that same day.
The Upward Trend
On the 31st of May (which is the next day), there was a little increase in the value of the coin to $13 and it later surged to $14.12 that same day – the second highest value of the digital currency that week. The value of the digital currency was hovering around the $15 mark which was its resistance level and the closest touchdown was at the $14.94 level on the 3rd of June.
The Resistance
The digital currency broke its resistance level at $15.00 on the 15th of June and increased to $15.13. After a couple of minor fluctuations, the curve kept moving upwards until the value of the coin got to $15.98. After a couple of hours, the digital currency got to its peak at $17.39 after which the value reduced by $1.11 and declined to the $16.63 level.
The Listings of Binance
All through this week, Binance (one of the top digital currency exchange platforms) has listed SingularityNET (AGI), QuarkChain (QKC), IoTex (IOTX), and Nexus (NXS) and there are a lot of speculations that these listings are the major reasons for the continuous increase in the value of BNB.
The trading platform has also listed new trading pair including XRP/BNB, XLM/USDT, IOTA/USDT, and TUSD/USDT, enhancing the possibilities and chances to trade Binance Coin (BNB) on a larger scale. Bitcoin earlier made an announcement about listing QKC, and since the digital currency was not listed on coinmarketcap.com, users mistakenly invested in QRK.
Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.
