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Binance Coin price crossed the $ 100 mark for the first time

The BNB token of the Binance cryptocurrency exchange renewed its all-time high, breaking the $ 100 level.

The chart below shows the rise in the asset price, supported by increasing trading volumes.

Binance Hourly BNB / USDT Chart from TradingView.

At the time of writing, Binance Coin ranks seventh in the CoinGecko rankings, ahead of Litecoin, but behind XRP. BNB’s capitalization is $ 15.2 billion.

Data: CoinGecko.

Binance CEO Changpeng Zhao expressed confidence that $ 100 is just the beginning.

Trader Axel BitBlaze recalled that during the ICO in 2017, BNB was sold for 10 cents. Since that time, the token has grown 1000 times.

The growth of the asset over the last day was $ 40.7%, over seven days – 102%, over 30 days – 136%.

Recall that last fall, the Binance Chain platform launched the main Binance Smart Chain, which allows you to create smart contracts and make money on BNB staking.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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