Binance Coin (BNB) price explodes by 48% to new high above $190

2021-2-19 14:30

Binance Coin price shot 48% to a new all-time high of $196, with bulls likely to see $200 shortly

Binance Coin (BNB) has skyrocketed by 48% in the past 24 hours to trade at a new all-time high of $196. BNB price has increased by more than 330% this month, having traded for around $44 on 1 February. As per the fundamental and technical picture for BNB/USD, a brief breather could be followed by a spike above $200.

The native coin in the Binance ecosystem, including the Binance Smart Chain, is now the 4th largest cryptocurrency by market cap. According to CoinMarketCap, BNB’s cap now stands at $29.7 billion to put Binance Coin ahead of Polkadot (DOT), Cardano (ADA), and XRP.

Binance price rallies off strong Binance Smart Chain

As Santiment recently pointed out, BNB price has surged amid an increase in the number of addresses holding 100,000 or more tokens. For example, there were just 26 such addresses in August 2020 but that number rose to 48 in mid-January 2021. It is around this time that BNB price posted its “initial liftoff”.

Growth for Binance Smart Chain (BSC) looks to be another spark that has ignited BNB’s recent rally. Launched in September 2020, the decentralized finance (DeFi) venture has seen massive user uptake.

It now sees more daily transactions than what has been recorded on the Ethereum network and adoption is set to continue as the unique addresses metric rises.

Binance Smart Chain unique addresses chart. Source: Bscscan.com

On 16 February Binance CEO Changpeng Zhao posted the following regarding BSC.

“There are currently more daily transactions on #BSC than on ETH network. Soon, the total value transacted on #BSC will also surpass ETH. Just a matter of time now. #BNB (I am not against ETH. I support growth of both.)”

The Binance CEO now believes BSC adoption is just beginning.

“I believe #BSC has passed the tipping point. Now all the wallets and other tool makers will want have better and native support for #BSC, and not just a #ETH variant. Virtuous cycle now.”

Binance Coin price: what next?

BNB price is well above a bearish trend line that had capped its growth near $130. Price action on the 4-hour chart shows BNB/USD broke above multiple resistance levels on its way to the $196 high.

A new support level is at the 0.236 Fibonacci retracement level ($179.87), which could provide the springboard to higher prices. If bulls break above immediate resistance around $188, they can retest the intraday peak and even rally to a new record above $200.

Both the MACD and RSI on the 4-hour time frame support the potential for more gains.

BNB/USD 4-hour chart. Source: TradingView

On the downside, the short-term outlook suggests bulls have robust support at $165, the 0.5 Fibonacci level ($161.20), and the 0.618 Fib level ($152.85).  If there’s increased downward pressure in the short term, the BNB/USD pair could rely on strong support at the 20-EMA (4-hour), currently around $149.21.

The post Binance Coin (BNB) price explodes by 48% to new high above $190 appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Coin(O) (CNO) на Currencies.ru

$ 0.0003323 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0.0003323 - H: $0.0003323
Капитализация $35.041k Rank 99999
Доступно / Всего 105.462m CNO

coin high binance new price bnb above

Источник: coinjournal.net

coin high → Результатов: 126


Фото:

Where to buy Highstreet (HIGH) coin: it is rising after Binance NFT started accepting it

After a sharp drop since mid-December, the Highstreet (HIGH) coin has now started rising buoyed by today’s admission on the Binance NFT marketplace as an accepted mode of payment. To help investors and traders who are interested in the HIGH coin, Invezz has created a brief article to help with identifying the best places to […] The post Where to buy Highstreet (HIGH) coin: it is rising after Binance NFT started accepting it appeared first on Invezz.

2022-2-1 14:53


Binance Coin Explodes 45% on Heels of Bitcoin Bull Run; What’s Next

Binance Coin (BNB/USD) emerged as the best-performing asset among the top ten cryptocurrencies this week as traders measured its potential against a flurry of adoption-friendly updates. The fifth-largest cryptocurrency, which serves as a settlement token in the Binance exchange and its other ventures, surged to a new record high of $196.96 during the early European […]

2021-2-18 14:29


How BNB Went 3x In One Week (And Why This Probably Isn’t The Top Yet)

Binance Coin (BNB), the native token of Binance, just had its best week ever. On February 2, BNB hit $50 for the first time ever, which was its all-time high (ATH) back then. A week later, on February 10, the cryptocurrency grew to as high as $148, marking a rise of more than 150% for … Continued The post How BNB Went 3x In One Week (And Why This Probably Isn’t The Top Yet) appeared first on BeInCrypto.

2021-2-12 15:02


Фото:

Voyager Token (VGX) price goes up by more than 900%

Voyager cryptocurrency exchange recently saw its native coin, Voyager Token (VGX) price skyrocket by over 900%. The surge came rather suddenly, pushing the token to a new all-time high. Voyager Token price skyrockets Voyager Token, which is also known as BQX at some trading platforms, managed to surge as much as 620% recently, and its […] The post Voyager Token (VGX) price goes up by more than 900% appeared first on Invezz.

2021-1-26 15:34


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

BNB price prediction: here’s why the Binance Coin is surging

Binance Coin (BNB) has gone parabolic and surged to a record high. It has soared for five straight days and moved to a high of $712, giving it a market cap of over $104 billion. That makes it the fourth-biggest cryptocurrency in the world after Bitcoin, Ethereum, and Tether. Why BNB coin is soaring There […]