Binance Coin Update Today: BNB Skyrockets after Being Paired With Stellar Lumens (XLM) and Ripple (XRP)

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.

SEE ALSO:   Latest Cryptocurrency News: After SEC's Threats, John McAfee Says He’ll No Longer Pitch Initial Coin Offerings

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.

SEE ALSO:   IOTA Tangle Update: The Tangle System of IOTA (MIOTA) Will Now Be Used For Digital IDs

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.

loading...

Legal Disclaimer: The content of this website (smartereum.com) is intended to convey general information only. This website does not provide legal, investment, tax, etc advice. You should not treat any information on smartereum.com as a call to make any particular decision regarding cryptocurrency usage, legal matters, investments, taxes, cryptocurrency mining, exchange usage, wallet usage, initial coin offerings (ICO), etc. We strongly suggest seeking advice from your own financial, investment, tax, or legal adviser. Neither smartereum.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from smartereum.com.

SEE ALSO:   Cryptocurrency Price Analysis: Ethereum (ETH), Bitcoin (BTC), Ripple (XRP), Bitcoin Cash (BCH) and Others Are Heading North (Cryptocurrency News Today)

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get Smart About Crypto!


Promise we won’t spam you!

We Are Hiring

Click here if you would like to join one of the fastest growing blockchain news companies in the world!