Binance Coin (BNB) Price Hits New All-Time High Following Crypto Exchange Upgrade
Following the security breach that led to the loss of over $4 million in Bitcoins, Binance announced that it has upgraded its platform with better security. This announcement hasn’t only assured existing Binance users of higher security but has also possibly attracted new ones.
This may be the case because Binance’s native token Binance Coin (BNB) just hit a new all-time high since the upgrade announcement. The coin reached a new all-time high of $29.80 on CryptoCompare today and is currently trading at $29.19 at press time. This is coming just three days after the coin reach another all-time high.
2019 Crypto Returns…
Binance Coin: +300%
Bitcoin Cash: +136%
Ethereum Classic: +14%
— Charlie Bilello (@charliebilello) May 14, 2019
Most of the gains recorded by BNB so far came since March following token sales for Tron (TRX) and BNB which only lasted for only 15 minutes. Since then, BNB has skyrocketed, to the point that it was referred to as the new Bitcoin.
The upcoming public sale of the Harmony (ONE) token announced on 16 May by Binance could have also contributed to the all-time highs and could still lead to a new all-time high. The token sale which is to come up on Monday May 27 by 06:00 UTC is the fifth project that is launching on Binance’s Launchpad platform.
BNB has however lost well over 5% on Cryptocompare at press time although it is on the green side on Coin Market Cap at +5.62%. As the Harmony (ONE) token sale draws closer, some more changes on the positive side could be in stock and better days could be coming.
Meanwhile the cryptocurrency market is on another growth after the short stagnation for a few days. The leading cryptocurrency Bitcoin has risen above $8,000 and analysts think it could be seeing a great bullish move this week if it with the rise. The entire market could be doing same as altcoins are also surging at the moment.
Three altcoins I am extremely bullish on the next 12 months:
(BNB as long as no interference from governments or major scandals pop)
— Nick Core 🏆 (@Crypto_Core) May 14, 2019