The Price of Binance Coin (BNB) Already on Course to Reach All Time Highs Following DEX Launch

Binance Coin (BNB)

Since April 2 crypto bull run there has been several pullbacks and partial bull runs. It is clear that the overall crypto market has dropped today following yesterday’s drive to a total market cap of $180 billion. The digital asset market has settled into a range-bound pattern. Analysts believe the cryptos have continued their consolidation. Today is red for cryptos despite the fact that the price movement has been upwards in recent days.

In the turmoil, there’s being one exception and that’s the price of Binance Coin. The price of BNB is gaining despite the general downturn. The digital asset has accumulated 6% today and is now trading above $22. It is set to approach a new all-time high in the coming days. This isn’t strange considering the fact that the Price of Binance Coin gained momentum following the launch of Binance Chain mainnet.

Additionally, the revelation of BNB swap off the Ethereum network by the exchange has set the Price of Binance Coin on an ascending trajectory. Does this place Binance Coin as the best cryptocurrency to invest in 2019? Investors will definitely believe this.

Bitcoin (BTC) Price Today – BTC / USD

Name Price
bitcoin
Bitcoin
$9,983.07-6.55%

Binance Coin Price Prediction: Positive News Has Helped Push the Price of Binance Coin

Binance is offering the crypto space and BNB investors a constant stream of positive news. The news like its DEX launch and more have impressed many in the space. This has set the price of BNB back on course to reach its previously established highs and even beat that and set new positions. As of press time according to data given by CoinMarketCap, the price of Binance Coin stood at $21.71 with a market cap of $3,065,451,104 and total market volume of $328,744,195. Hopefully, the recent happenings within Binance will breathe life into the dwindling digital asset market.

BNB Price Prediction: Investors and Crypto Community Optimistic Following News About Binance and BNB Coin

The new blockchain, plus the launch of Binance’s decentralized exchange, has reportedly sparked excitement among investors and the crypto space as a whole. This is proof that crypto-focused firms can advance regardless of market conditions.

Additionally, Binance exchange announced that it would launch a fiat-to-BTC exchange in Singapore next week. This report according to Cointelegraph was another positive news that has pushed the price of Binance Coin higher in the last 24 hours. This has brought joy to the hearts of Binance advocates and investors alike.

Binance Coin Price Prediction: Binance Looking to Execute Mainnet Swap Following Binance Chain Launch

Via a tweet on April 18, Binance DEX announced that now that Binance Chain mainnet has launched, it will be looking to execute their Mainnet Swap later this month. April 23 is the date scheduled for the exercise. The exchange noted:

“After the launch of Binance Chain mainnet, we are planning to execute our Mainnet Swap on Apr 23.”

Binance has revealed that it will be releasing more BEP2 tokens as users convert their ERC-20 Binance Coin to its native BEP2 BNB. The proportional sum of the ERC20 BNB is going to be burned. Although the “total supply in both networks will be constant.” The exchange has announced that it will not be listing any initial trading pairs unless the first batch of BNB has been converted.

Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.

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