Price of Binance Coin Reaches New Highs as it Surges By 16,000% Since Launch

It appears things are going well once again for the cryptocurrency market. We can recall the recent issue with Bitcoin via BitStamp exchange that dragged down the prices of top digital assets within a matter of days. Even the price of market leader BTC lost at least $1000 at some point but later surged above the $7k mark again. Now, things are back on track overall.

Binance Coin Price Prediction: The Price of Binance Coin Puts it in a Good Position Against Competitors

The crypto market reportedly continued to register massive amounts of growth, as the price of the majority of the top cryptocurrencies soared. The top coins made gains. However, one token that made a late entry to the list of gainers, is Binance Coin. The price of Binance Coin has been impressive to the point that it began is posing tough competition for the other coins. The digital asset has so far improved in value by an impressive 16,000% after it registered new highs on the day.

BNB which became a part of the crypto market July of 2017, managed to breach its all-time high price. Now it is said to be trading at $28.79, as of press time according to data given by coin market cap. The coin will be looking forward to more gains in the near future as the long term forecast for the price of Binance Coin is bullish.

Binance Coin Price Prediction: Humble Beginnings for The Price of Binance Coin

BNB actually started its journey in the crypto market at a humble price position back in July 2017 when it was launched into the space. At the time it started trade at $0.1927 at the time (precisely in July 2017). The digital asset recorded its all-time high as of May 18 at the $31.91 mark per data seen on the Trading View chart that highlights the price of Binance Coin.

BNB recorded growth of 16,458.31% since its 2017 launch. However, until the start of this year, the price of Binance Coin was valued at $6.59. Following that the coin surged by 384.15% to peak at $31

Binance Coin Price Prediction: The Price of Binance Coin Has Gained 28.16% in May So Far

So far in the month of May, the price of Binance Coin has recorded a 28.16% growth. As of the time this content was published, the price of Binance Coin was valued at $28.66. The digital asset also had a market capitalization of $4.04 billion. BNB also had a 24-hour trade volume of $551 million. This current figures for trade volume has reportedly spiked by 10% in only one day. In the last seven days, the price of BNB grew by 35.97%. Although, it went on to slipped by 0.25% in one hour.

Binance Coin was actually highly traded on Binance exchange, via BNB/BTC and BNB/USDT. The BNB/BTC pair had a trading volume on Binance exchange of $140 million. On the other hand, the trading volume on BNB/USDT was $132 million. As for the number 3 position, this was taken by BKEX through the BNB/USDT pair. The pair registered a 24-hour trade volume of $72 million.

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

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