How Binance Coin Bounced Back After the Recent Hack, Leads Altcoin Market Today

Binance Coin (BNB)

Many thought trading in the crypto market would go sideways after the recent Binance hack. However, the reverse seems to be the case. Binance – a US-based digital currency trading platform – was recently hacked. Hackers were able to find their way around the trading platform and made away with more than 7,000 Bitcoins, worth more than $40 million at the time of the hack. This was very sad crypto news and many digital asset investors expected the price of Binance Coin (BNB) to plunged deeply after that. Nevertheless, the price of Binance Coin (BNB) has been on an upward correction, surging higher as if nothing happened.

The recent price rally in the crypto market is pretty surprising to many digital asset investors, traders, and token holders. The prices of cryptos are on a rapid increase. The price of Bitcoin (BTC) – the largest cryptocurrency by market cap – is also in the moving train. BTC USD price is now over the $8k, and it is now heading for the $8,500 mark.

Binance Is able to Overcome The 7000 Bitcoin Hack – How Far Can the Price of Binance Coin (BNB) Go in the Coming Month?

The digital currency market was slightly affected by the Binance hack. Immediately after the announcement, the prices of digital currencies plunged a bit. However, after an array of open announcements by the firm, Binance Coin – the native coin of Binance – starting correcting higher. Binance is one of the few digital currency trading platforms that have issued its own cryptocurrency. The recent Binance hack is the sixth largest hack in the history of Bitcoin, according to a report.

After the hack, it was expected that many investors would turn their backs on the services of Binance and dump the native token of the platform. But from the recent price trend of Binance Coin (BNB), it is obvious that the opposite is the case. The acquisition of Binance Coin (BNB) is on the rise, as more digital asset investors continue to see great potentials in the coin. Many also see BNB as one of the best cryptocurrency to invest in 2019, this has also resulted in some bullish Binance Coin (BNB) price prediction.

Binance Coin (BNB) Leads the Altcoin Market with Gains of More than 16 Percent – Binance Coin News Today – Binance Price Forecast

Over the past twenty-four hours, Binance Coin (BNB) is one of the top gainers in the crypto market. Not only is it one of the top gainers, but it is also leading most of the altcoins in the market. According to data from CoinMarketCap, the price of Binance Coin (BNB) has increased by more than 16 percent over the past day, at the press time. The increase in the price of Binance Coin is even more than the increase in the price of Bitcoin (BTC). Over the past day, Bitcoin (BTC) price has surged by about 13 percent. The price of Ethereum (ETH) is up by about 7 percent, while that of Litecoin (LTC) is up by more than 5 percent.

Binance Coin (BNB) Price Today – BNB / USD

Name Price
bitcoin
Bitcoin
$10,319.300.357%
binance-coin
Binance Coin
$20.890.049%

At the press time, the BNB USD live price is $25.03 after an increase of more than 16 percent over the past twenty-four hours, according to CoinMarketCap. The market cap of Binance Coin (BNB) is $3.39 billion. The trading volume of the digital currency over the past twenty-four hours is $356.1 million.

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.

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