Meet The Coin Setting A New All-Time High (ATH) In Price Every Other Week In 2019
The Coin That Sets A New All-Time High (ATH) Every Other Week
- Till date in 2019, the cryptoasset is up over 440%
Binance Coin, the native token of biggest cryptocurrency exchange Binance is the hottest cryptocurrency in the market not just today but has been since starting this year.
Launched in July 2017 as an ERC20 token based on the Ethereum blockchain, Binance raised more than $15 million in an initial coin offering (ICO). The exchange Binance launched in early 2017 and became the world’s largest cryptocurrency trading platform by trading volume by April 2018.
The native token of the exchange, BNB is used to pay for fees and services such as trading digital assets on Binance. To facilitate its usage, BNB users often get trader discounts over other payment methods. The pre-mined coin can be traded on other marketplaces as well.
As Binance exchange grows in size and popularity, BNB continues to be one of the most valuable cryptocurrencies.
A Stellar Performance: Up over 440% In 2019
Starting at around $0.1 in July 2017, BNB went above $2.50 in August, only to end the year at $7.86.
In the crypto winter of 2018, Binance Coin first made its all-time high at $22.96 on January 12 only to succumb to the pressure of the winter as it slid down to $5.59. From here, BNB continued to climb upwards reaching $16.97 on June 18, falling short of going to ATH.
Yet again, BNB declined to its yearly low at $4.63 in December just like Bitcoin and many other cryptos.
Moving into 2019, BNB climbed to the 7th spot by market cap of $4.5 billion. Till date, it is up over 444 percent.
Throughout 2019, BNB has seen a new ATH. First, in late April, it smashed through its previous high only to drop down to $18.93 on May 10. Last week, BNB first went to $24, then again at $26 and then on the weekend it climbed to $29. A new high has been apparently made every other week.
The latest peak of BNB is at $32.43 on May 21. At the time of writing, BNB has been trading at $31.53 with 24-hours gains of over 10 percent.
BNB Price chart, Source: Coinmarketcap
It’s not just BNB that is enjoying these gains, the tokens of the projects launched on Binance Launchpad such as Matic Network, BitTorrent among others, as we reported, have been enjoying substantial greens as well.
Binance has established itself as one of the most profitable and powerful cryptocurrency business that continues to keep the community hooked with its Binance Launchpad, Binance Chain, Binance DEX among other initiatives.