sion of CMC @cz_binance ? CMC has been shady on several topics. You guys should be in everything, which appears to be your goal. Sure hope so b/c I’m long (heavily) on $BNB
The cryptocurrency market saw a massive crash on January 10 and most of the major cryptocurrencies suffered heavy losses, and even on January 11, the market does not seem to be in a good shape. The top losers in the bear attack are currently Bitcoin Cash [BCH], followed by EOS and Tron [TRX].
Bitcoin Cash, at the time of press, was valued at $131.20, with a market cap of $2 billion. The coin registered a 24-hour trade volume of $357 million. The coin recorded a huge 18.71% slip in the past day, and has seen an overall dip of 19.35% in the past week. The coin is slowing recovering as it noted a rise of 0.19% in the past hour.
The fourth-largest coin was highly traded on Huobi, with $50 million in trading volume with the BCH/USDT pair. Huobi was followed by LBank, which registered a trading volume of $32 million with the BCH/BTC pair. Upbit, in the third place, noted a volume of $25 million with the BCH/KRW pair.
As per the CoinMarketCap chart, EOS recorded a loss of 17.57% over the past day and had a market cap $2 billion. The coin registered a 24-hour trade volume of $1 billion and made a recovery of 0.38% over the past hour. The coin saw a dip of 10.54% over the past week.
The coin was highly traded on OKEx, with a trading volume of $159 million with the EOS/USDT pair. The second place was taken by Bibox, which registered a volume of $95 million with the EOS/ETH pair. Bibox was followed by Bitz, which traded $91 million volume of the coin with the EOS/USDT pair.
TRX was pumping for the past few weeks, but this pump was suddenly restricted on January 10. At the time of press, the coin was valued at $0.0266, with a market cap of $1.7 billion. The 24-hour trading volume of the coin was $1 billion, with a fall of 16.95% over the past day. The coin registered an overall growth of 31.45% and is seen to be making a recovery with a 0.80% growth in the past hour.
The coin was highly traded on Upbit, with a trading volume of $176 million with the TRX/KRW pair. The exchange that reported the second-highest trade volume was Binance, with $141 million with the TRX/USDT pair. Binance followed itself as it registered a volume of $110 million with the TRX/BTC pair.
Binance Coin Price Targets $16 as Slow Uptrend Begins to Materialize
When Bitcoin goes in the green again, most of the alternative markets will follow suit pretty quickly. Today is no exception in this regard, although it would appear as if there is still some uncertainty across the markets as well. The Binance Coin price is moving up nicely, although it is taking a slow and steady approach first and foremost.
Binance Coin Price Tries to hit $16 Again
It is evident the cryptocurrency industry is still in a good place right now, especially with most of the top markets shifting into the green zone again. While some stability would also be appreciated, most traders prefer to see some gains at any given time. It appears Binance Coinhas users covered in this regard, primarily because it tends to note some gains in quick succession at all times. Today is no different in that regard, albeit the market isn’t moving up as swiftly as people expected.
15,84 USD (1,76%)
$2,24 B USD
$150,12 M USD
Over the past 24 hours, the Binance Coin price has risen by 1% in USD and ETH value, and 0.77% in Bitcoin value. While all of these trends are somewhat promising in their own regard, it remains to be seen if they can be sustained for very long. As the value approaches $15.9 again, a push to $16 again is not entirely out of the question. Considering how the trading volume is still relatively low, however, that may require a bit of extra effort first and foremost.
On social media, there are many different discussions pertaining to BNB. Some users would love to see Binance build a better Coinmarketcap, as that site has gotten a lot of flack in the past twelve months. It now seems something will need to change in this regard, although it is unclear what role BNB would play in that regard. There are plenty of CMC alternatives out there already, although some of those still derive incorrect market data from that site in the end.
When it comes to the current price charts, however, it remains to be seen what will happen next. CryptoandChill expects BNB to pull back to $12 in the coming days, which would require a very bearish turn of events all of a sudden. It is not entirely impossible this market would lose 25% in value for no apparent reason, but at this time, that scenario seems implausible.
Depending on how far one would zoom out on the chart, it quickly becomes apparent BNB is still mega bullish. Any level of resistance to date has been wiped out pretty quickly, although there is still a good chance this last set of green candles will be undone in quick succession. Although Binance Coin tends to do its own thing first and foremost, there is no market which rises in value for an extended period of time without facing price drop.
All of the signs seem to indicate things will get very interesting for all top cryptocurrencies, tokens, and assets. Although Binance Coin is gaining a lot less value than one might assume, there is nothing to be overly concerned about as of right now. This current uptrend should not face too many problems as long as Bitcoin remains in the green. However, anything can happen in this volatile industry.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.
Is Binance Coin on its way to the top 5? BNB flips Tether with 15% gains
This week has seen Binance coin (BNB) breach into the top 10 flipping Tron (TRX) Stellar (XLM) and now Tether, but can it continue this rally all the way into the top 5?
Currently citing gains of over 15%, and at a price of $15.46, BNB has decidedly continued on its rally, now responsible for leading the path for the rest of the top 100.
With 150% gains since the start of 2019, 50% of which was accumulated over the past 7 days, BNB looks poised to attempt to flip Bitcoin cash (BCH) for 6th position.
In comparison, BCH has had a fairly poor run this week citing a negligible +0.5% gain. Its current market cap sits at around $233 million compared to BNB which is at a tantalizingly close $231 million, making it almost certain that BNB will flip BCH, imminently.
The community reaction to this BNB run has been varied, with a few people rallying behind the cryptocurrency:
Binance just took the # 7 spot now.
Wait until the next wave of new users come on board in year 2020. Many of them will sign up with Binance and make it the clear leader in the exchange market.#BNB is 🔥🔥🔥 Up over 85% in the past 30 days now.@cz_binance @binance $BNB pic.twitter.com/fGDPzNZhYB
— Tommy Mustache (@MustacheTommy) March 6, 2019
$BNB up 40%+ since the last tweet, this almost felt like a free trade? because of the reasons I listed before
Binance DEX hasn't even launched yet
When top 5? pic.twitter.com/4R5m18NnqR
— Moon Overlord (@MoonOverlord) March 6, 2019
whispers ᶜᵒᵘˡᵈ ᴮᴺᴮ ᶠˡᶦᵖ ᴱᵀᴴ
— Moon Overlord (@MoonOverlord) March 6, 2019
However, one user posited that BNB was close to its high, advising investors to stay away:
Just by reading the tweets I can tell that $BNB is really close to the euphoria phase, if not already there. Smh
I can easily see now how guys that were here before me are so good at spotting top/bottoms without a single chart…
— Mitoshi Kaku 👨🏻🚀 (@CryptoSays) March 6, 2019
Despite the sheer momentum driving BNB right now, it seems as if BCH will be the last positive flip we see from the cryptocurrency for a while.
Litecoin (LTC) currently guards entry to the top 5, with a massive market cap of over $2 billion, compared to BNB’s $231 million. BNB would have to gain more than +800% in order to get close to the top 5. But anything can happen, this is crypto, after all.
Binance Coin (BNB) Breaks The All-Time High Following a 9% Surge – Price Analysis Mar.1
Binance continues to storm ahead following breaking up above the $10 mark and retesting the 2019 highs. The market has increased a further 9% over the past 24 hours, sending the BNB price up to $11.30 at the time of writing. Against Bitcoin, BNB had recently marked a new all-time high at current level.
Binance is currently ranked in the 9th position as it holds a $1.6 billion market cap value, the highest position for the coin on the top cryptos by market cap.
Looking at the BNB/USD 1-Day Chart:
- Immediately following our previous BNB analysis, we can see that the market had continued to drop to retest support level around $9.30. This area of support includes the significant 21-day EMA.
- Price action has since bounced back and has managed to surge above $10 (again) up to resistance at the short term 1.272 Fibonacci Extension level at $11 (marked in orange).
- From above: If the bulls continue higher above $11.00, the next levels of resistance lie at the $11.27 (current level and medium term 1.618 Fib) and $11.55 (short term 1.414 Fib) resistance levels. Further resistance above is located at $12.00 followed by $12.35 (short term 1.618 Fib).
- From below: The closest support lies at $10.38 and $10.00. Below $10.00 the next support is located at $9.30 and $9.00, as well as the .382 Fibonacci Retracement level at $8.55 (drawn in green).
- The RSI has broken back up above the bullish 50 zone.
- The trading volume has remained consistently high.
Looking at the BNB/BTC 1-Day Chart:
- BNB/BTC had fallen into support around the short term .382 Fibonacci Retracement level at 0.0024409 BTC (drawn in green), following our previous analysis.
- The coin has rebounded from there and managed to break above the previous resistance at the short term 1.414 Fibonacci Extension level located at 0.00280 BTC to its new all-time high.
- From above: The next resistance lies at the 0.0030 BTC level. A break-up can send BNB to higher resistance at the 0.0031 BTC level followed by resistance at the 1.618 Fibonacci Extension level at 0.003260 BTC (drawn in orange).
- From below: The closest support lies at resistance turned support 0.0029 BTC, 0.002687 BTC and 0.00258 BTC. Further support beneath lies at 0.002452 BTC and 0.0023 BTC.
- The RSI is bullish territory above 50.
- The trading volume is relatively high.