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Binance Coin [BNB] pumps by over 7% in an hour as market actively supports altcoin

The cryptocurrency market has been on a rollercoaster ride over the past few days, with market surges at one moment and an immediate correction shortly after. Binance Coin [BNB], which was the only coin surging during the bear market, fell following the attack on its exchange. However, BNB on May 17 spiked and noted a growth over 7% in an hour.

Source: Trading view

Source: TradingView

According to the Trading View chart for BNB, the coin spiked by a massive 7.95% over the past hour. The coin faced a tremendous fall on May 16, after which it has now started to recover. Over the past seven days, it fell by 30.29% and was falling by 6.72% over the past day. It was valued at $25.06, with a market cap of $3.53 billion. It noted a 24-hour trading volume of $333 million.

The DEX launch has proven to be fruitful for the coin as market sentiment has positively impacted the price of the coin. The CEO of Binance, Changpeng Zhao AKA CZ, also announced Binance’s resumption of services recently. The coin was highly traded on Binance exchange, the coin’s native exchange.

The first place was taken by the BNB/USDT pair on Binance with $98 million in volume. The second spot was taken by the BNB/BTC pair with $63 million in trading volume. EXX took the third place with the BNB/BTC pair and a volume of $24 million.

Source/ambcrypto

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