Binance Coin (BNB) Price Surges By 6% after Binance Labs Gives Grant of $45k to 3 Startups

Binance Coin (BNB)

Binance Coin (BNB) has been trending in the crypto space recently. The digital currency has been at the forefront of every massive crypto bull run. BNB has a lot of support and great momentum behind it. It is one of the hottest cryptos among the top ten coins in the market. As such, some digital asset investors consider it as the best cryptocurrency to invest in 2019.

Binance Coin (BNB) is the native token of Binance – the largest digital currency trading platform in the world. Binance delisting and listing mean a lot to the crypto industry. Whenever Binance adds a coin to its platform, that coin will experience a massive increase in price. The reverse is the case when Binance delisting occurs. Binance delisting usually has a drastic impact on the value of a coin.

Binance Labs Awards Three Blockchain Startups a Grant of $45,000

The Binance Labs is the investment sector of Binance. Recently, Binance Labs gave out a total of $45k as grants to three startups. The startups are creating open-source blockchain technologies and they all received $15k each from the investment arm of Binance. The startups that received the grants are HOPR (privacy-oriented messaging protocol), Ironbelly (a mobile wallet for Grin/MimbleWimble), and an upgradeable on-chain wallet – Kitsune Wallet.

Binance Labs tagged its grant program “Fellowship program.” The program has been on for a while and these three startups are not the first to benefit from it. In a statement, the director of Binance Labs – Flora Sun said:

Our part is to support early-stage projects that are helping to create the building blocks and infrastructure for larger utility and enabling growth in the blockchain market.”

Binance Coin Is the Best Performer among the Top Ten Cryptos over the Past Day

Over the past twenty-four hours, Binance Coin (BNB) is the hottest digital currency among the top ten coins in the market. Binance Coin is the highest gainer so far. Over the past day, the price of Binance Coin has increased by more than 6 percent. Is BNB the best cryptocurrency to invest in 2019? Will crypto ever recover?

Digital currencies in the market showed a lot of mixed signals this week. However, crypto price today shows that the market is gradually regaining all it lost earlier this week. At the moment, the top performers in the market are XRP (XRP), Bitcoin Cash (BCH), Tron (TRX), Bitcoin SV, and COSMOS. Bitcoin SV price is up by about three percent. The price of Bitcoin SV looks set for more gains. However, for Bitcoin SV price to surge higher, it needs to break over the $74.5 resistance level.

Binance Coin is now at the 8th position on the list of top digital currencies according to CoinMarketCap. The digital currency has also seen a significant increase in its daily trading volume. The majority of its trading volume is seen on Binance exchange, with BNB/USDT pairing.

Binance Coin (BNB) Price Today – BNB / USD

Name Price24H (%)
Bitcoin (BTC)
$9,259.00
0.88%
Binance Coin (BNB)
$34.77
-0.27%

At the time of writing, the price of Binance Coin (BNB) is up by more than 6 percent. The digital currency is now trading at $18.24 according to CoinMarketCap. The current market cap of the digital currency is $2.64 billion. The trading volume of Binance Coin (BNB) over the past twenty-four hours is $219.48 million.

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