The unfortunate hack on Binance led many holders and traders fell into the controversial debate. This buzz had an adverse effect on Binance official coin, Binance coin/BNB during the last week but the currency has kick-started the new week with over 10 percent growth.
At the time of reporting, Binance coin/BNB is up with 10.14% percent within past 24 hours which made it trade at the value $23.12 against US Dollar. Nevertheless, last week, the price of one BNB saw a steep decline of $18 which led it fell down to the 8th spot on coinmarketcap in terms of market capitalizations.
Fortunately, on May 13, 2019, BNB is again available on its previous position and can be seen as the 7th largest cryptocurrency in terms of the average trading volume. By snatching its long-standing position from Tether (USDT), BNB’s market capitalization today counts at $3,263,765,935 USD which is majorly spat on its parent exchange, Binance, in trading pairs of USDT and BTC.
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