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Binance Coin .. BNB .. What are the reasons for the rise of the currency

2019-03-14 02:41 pm | Resource: Crypto Section | No Views : 232

Binance Coin .. BNB .. What are the reasons for the rise of the currency BINB Coin, a digital currency symbolized by the BNB, was launched in 2017 and, although it has become one of the top 10 digital currencies in the market, according to the market value of this market, , And to what extent to compete in this market, this is talked about in today's digital currency lesson, presented to you by Tradingpeek.

What is Binance Coin?

Binance Coin is the platform for Binance, one of the largest digital exchanges in the market in terms of daily volume.
The exchange uses 20% of its profits to buy BNB for burning, which helps keep the value of the digital currency always high.
What is Binance Coin?
The word Biennance is derived into two parts: Binary and Binary. Finance is the second, and when the two words are combined we realize that the meaning is to integrate digital technology and finance.
The currency was launched in 2017, and despite this modernity, it has proved itself in the digital currency market. It has also managed to be firmly in the top 10 digital currencies in the world by market value, ranking eighth in the race.

Reasons for Rising Binance Coin?

One of the reasons for the rise in Binary Coin is the Binance Launchpad, the largest recently held ICO in the digital currency market, with sales of its distinctive symbols of $ 7.2 million in just 15 minutes, increasing investor appetite for more.
Currency Burning One of the reasons why the currency has soared in recent times, as the digital currency exchange, allocates 20% of its profits, to buy BNB for burning, which helps keep the value of the digital currency always high.

Uses of Binance Coin

Dear reader can use the currency in a lot of things, including the following:
Uses of Binance Coin
  • Payment of Binance trading fees, as well as draw and draw fees.
  • Invest in Launchpad to support ICO.

Features of Binance Coin

Currency is characterized by:
Features of Binance Coin
  • Rapid growth.
  • Motivate users to use the Binance Stock Exchange.
  • Payment of fees for the trading platform, with the exchange offering discounts to users when paying BNB.
  • It is widely distributed in many countries of the world. Although it is provided to investors in China in the first place, copies are translated in English, Korean, French, Spanish, Russian and Japanese, making it easy to spread.

Binance Coin value

Binance Coin value
The price of BNB at the press time for writing the report, at coinmarketcap, was $ 14.91, equivalent to 0.0038 BTC and 0.1112 ETH.
As for BNB's market capitalization, it was able to reach $ 2.10 billion in its market capitalization, equivalent to 536,531 BTC and 15,700,356 ETH at the time of the press.

Binance Coin and competition with other digital currencies

Binance Coin and competition with other digital currencies
Binance Coin, despite its short time in the digital currency market, managed to be among the top 10 currencies in the market in terms of market capitalization.
Currently the digital currency comes in eighth place of the ranking conflict, while Stellar came in seventh, and Tether in ninth place, the currency is expected to continue to climb, it is able in terms of market value to compete with the strongest current digital currencies.

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