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Binance [BNB] Coin Nears its All-Time High; What’s Really Going On?


Binance [BNB] has risen by more than 200% since the beginning of the year. Binance has also recovered around 80% value from it’s All-Time High (ATH). The All-time High (ATH) value of BNB is $26.5.

Binance [BNB] coin registered at a high of above $22 on 1st and 2nd April 2019. BNB is currently placed ranked 7th wr.t. total market capitalization with above $2 billion valuations.

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BNB/USD 1-D Chart on TradingView

The RSI on the daily scale w.r.t USD is poised between over-bought and the over-sold region at around 50. Furthermore, BNB registered it’s ATH w.r.t Bitcoin [BTC]  on 1st April 2019 at 0.0044225 BTC. The RSI on the daily w.r.t. BTC is further lower.

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BNB/BTC 1-D Chart on Binance (TradingView)

7th Binance Coin Burn

Binance recently reduced its total supply by performing a ‘coin burn.’ Binance removed 829,888 BNB coins from circulation forever in its 7th coin burn event. Totally more than 10 million BNB coins have been burned. Hence, as the circulating supply is decreased, it has…



Read Full Story : Coingape

2019-04-17 03:35:19

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