Justin Sun Shows Extreme Affection Towards Binance Coin's BNB Spike Hailing It As A New Bitcoin

BNB Sees 141% Jump In Price After Launch Of Binance DEX, Leading Justin Sun To Proclaim It “A New Bitcoin”

Binance has earned a place as the largest cryptocurrency exchange in the world right now, and the launch of its Binance Coin has secured a place as one of the top 10 cryptocurrencies by market cap. Upon registering, it already reached the #8 spot, and even Forbes took note of the performance that the BNB has seen, which CEO Changpeng Zhao of Binance quickly shared on Twitter.

https://twitter.com/cz_binance/status/1102868538383974400

As a result of jumping in price by 141% in that time, the CEO and founder of Tron, Justin Sun, immediately put the token at the same level at Bitcoin.

https://twitter.com/justinsuntron/status/1103017067475693568

Binance’s major popularity in the market has been recognized by many, including Mati Greenspan of eToro. Speaking on the industry dominance of the exchange, Greenspan pointed out that BNB has been predominantly purchased as a way for investors to speculate on the market. With such a big share of the volumes traded, Greenspan adds that their information at least shows that people are willing to trade the token and pursue more growth in the market.

Much of the credit for the rise is being attributed to Binance DEX, the new decentralized exchange, which has BNB as a base pair. Public testing is now an option, and the entire exchange runs on a custom blockchain by Binance called Binance Chain.

Zhao has continually stated that BNB has more use cases than any other asset on the crypto market, and he’s aggressively pushed for mainstream adoption. It seems that the rest of the industry is responding in a positive way, considering the many platforms that have already announced and provided support over the last few months.

https://twitter.com/binance/status/1059158908705550336

Presently, BNB is valued at $15.54 and has even surpassed Tether by market cap, moving up to the #8 spot. In the last 24 hours alone, it has gained 11.8% and is showing a market cap of $2.19 billion. This follows a rise of 37.7% in the last week and includes $277.21 million in trading volume.

Today's Top Coin Market Price Prediction: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Litecoin (LTC)

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Krystle M
Krystle is an American cryptocurrency blogger that wants to see the future of crypto and blockchain technology evolve. She has been writing about cryptocurrency for about a year, with a special interest in blockchain technology and regulatory measures around the world. While away from writing and learning about the changes in the cryptocurrency industry, she likes to indulge in science fiction novels and further her experience in playing both guitar and piano.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,440FansLike
2,795FollowersFollow
4,189FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

China’s Largest Mining Chip Maker, SMIC, Gains Regulator’s Approval On $2.8B IPO

One of China’s biggest semiconductor manufacturer, SMIC, announces plans to raise a $2.8 billion public sale IPO on the Sci-Tech Board of the...

Bitcoin Flash Crashes to $8,600 with BitMEX Shenanigans at Play Again

Bitcoin doing bitcoin things! Today, Bitcoin had yet another moment like March 12, although the price didn’t crash that low. https://twitter.com/100trillionUSD/status/1267835341987340288 Yesterday, Bitcoin jumped as high as...

AVA Labs Integrates Chainlink’s Decentralized Oracles to Improve DeFi Dapps Development

AVA blockchain, becomes the latest platform to add Chainlink, a decentralized oracle system to its platform. The integration of Chainlink to the Dapp blockchain...

Binance Korea to Improve KYC/AML Framework With Coinfirm's Compliance Solution

Binance South Korea unveiled a unique partnership with Blockchain analytics firm, Coinfirm that will help Binance remain compliant with the strict AML framework...

2nd Largest BTC Mining Pool, Poolin, Collabs With BlockFi, To Boost Crypto Lending Service

Poolin and BlockFi have formed a partnership as the latter aims to extend loans to the mining pool. Bitcoin (BTC) and mining equipment...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today