Binance Coin (BNB) has surpassed the $300 mark after its price surge over the week. The token was trading at around $274 per coin last Thursday and even threatened to fall lower as the week progressed. However, Tuesday saw the coin recover, adding around 5% profit to trade at $289.\u00a0<\/p>\n
It has been smooth sailing from then onward for BNB as it continues to climb higher in value. As of writing this article, BNB is currently trading at $313. BNB\u2019s $300-mark breakthrough comes at the same time popular meme coin Dogecoin adds over 90% value in a week. BNB is currently ranked the 4th largest cryptocurrency by market cap.<\/p>\n
The cryptocurrency market has seen a significant recovery this October. After several bearish weeks, the entire crypto market broke through its $1 trillion market-cap barrier earlier this week. This move acted as a catalyst for many cryptocurrencies to see massive gains. One such example is Binance Coin which surged more than 5% on Tuesday alone. It continued to rise throughout the week, adding a total of 15% to its value.\u00a0<\/p>\n
Binance coin had it rough on October 6th when the entire crypto market started a correction phase. Before the start of the correction, BNB was at $296 and on the verge of testing the $300 mark. However, it never got to that point as the bears took over, pushing the coin to a one-month low of $257. BNB\u2019s path to recovery was slow, with fluctuations in value between $266-$276.<\/p>\n
On Tuesday, we saw BNB break out of its consolidation range. It finally broke through the $300 mark yesterday and set a new monthly high of $318 today. Now, BNB is up nearly 5% against Bitcoin, and it seems like it will continue to grow as long as the overall market recovers.<\/p>\n
BNB\u2019s price is currently hovering at $312. | BNBUSD price chart from TradingView.com<\/a><\/p>\n TradingView\u2019s<\/a> data reveals that the BNB\/BTC exchange rate temporarily exceeded 0.15 BTC, reaching a record 0.15267 BTC. Binance\u2019s native coin, BNB, has increased in value by almost 10% over the previous three days. The token\u2019s strong performance followed news that it would help Twitter eliminate bots under Elon Musk\u2019s new administration.<\/p>\n Binance committed $500 million to Musk\u2019s acquisition of the social networking site. In a cryptic tweet, Binance CEO Changpeng \u201cCZ\u201d Zhao alluded to an interview he gave to crypto media company Decrypt. He said<\/a>, \u201cOur intern says we wired the $500 million 2 days ago, probably just as I was being asked about Elon\/Twitter.\u201d<\/p>\n CZ then tweeted \u201cLet\u2019s unleash the bird<\/a>\u201d and \u201cCrypto Twitter<\/a>,\u201d the former presumably a reply to Musk\u2019s \u201cthe bird is freed\u201d tweet. BNB reached a monthly high of $318.80 today, its highest level since mid-August. One more prominent cryptocurrency\u2019s recent outperformance may also be traced back to Musk. The DOGE\/USD pair touched its highest levels since April, following a price movement pattern that began with Musk\u2019s Twitter activity. DOGE, a Musk favorite, is still awaiting a wider usage application, potentially with his help.<\/p>\n Featured image from Pixabay and chart from TradingView.com<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Binance Coin (BNB) has surpassed the $300 mark after its price surge over the week. The token was trading at around $274 per coin last Thursday and even threatened to fall lower as the week progressed. However, Tuesday saw the coin recover, adding around 5% profit to trade at $289.\u00a0<\/p>\n It has been smooth sailing from then onward for BNB as it continues to climb higher in value. As of writing this article, BNB is currently trading at $313. BNB\u2019s $300-mark breakthrough comes at the same time popular meme coin Dogecoin adds over 90% value in a week. BNB is currently ranked the 4th largest cryptocurrency by market cap.<\/p>\n The cryptocurrency market has seen a significant recovery this October. After several bearish weeks, the entire crypto market broke through its $1 trillion market-cap barrier earlier this week. This move acted as a catalyst for many cryptocurrencies to see massive gains. One such example is Binance Coin which surged more than 5% on Tuesday alone. It continued to rise throughout the week, adding a total of 15% to its value.\u00a0<\/p>\n Binance coin had it rough on October 6th when the entire crypto market started a correction phase. Before the start of the correction, BNB was at $296 and on the verge of testing the $300 mark. However, it never got to that point as the bears took over, pushing the coin to a one-month low of $257. BNB\u2019s path to recovery was slow, with fluctuations in value between $266-$276.<\/p>\n On Tuesday, we saw BNB break out of its consolidation range. It finally broke through the $300 mark yesterday and set a new monthly high of $318 today. Now, BNB is up nearly 5% against Bitcoin, and it seems like it will continue to grow as long as the overall market recovers.<\/p>\n BNB\u2019s price is currently hovering at $312. | BNBUSD price chart from TradingView.com<\/a><\/p>\n TradingView\u2019s<\/a> data reveals that the BNB\/BTC exchange rate temporarily exceeded 0.15 BTC, reaching a record 0.15267 BTC. Binance\u2019s native coin, BNB, has increased in value by almost 10% over the previous three days. The token\u2019s strong performance followed news that it would help Twitter eliminate bots under Elon Musk\u2019s new administration.<\/p>\n Binance committed $500 million to Musk\u2019s acquisition of the social networking site. In a cryptic tweet, Binance CEO Changpeng \u201cCZ\u201d Zhao alluded to an interview he gave to crypto media company Decrypt. He said<\/a>, \u201cOur intern says we wired the $500 million 2 days ago, probably just as I was being asked about Elon\/Twitter.\u201d<\/p>\n CZ then tweeted \u201cLet\u2019s unleash the bird<\/a>\u201d and \u201cCrypto Twitter<\/a>,\u201d the former presumably a reply to Musk\u2019s \u201cthe bird is freed\u201d tweet. BNB reached a monthly high of $318.80 today, its highest level since mid-August. One more prominent cryptocurrency\u2019s recent outperformance may also be traced back to Musk. The DOGE\/USD pair touched its highest levels since April, following a price movement pattern that began with Musk\u2019s Twitter activity. DOGE, a Musk favorite, is still awaiting a wider usage application, potentially with his help.<\/p>\n Featured image from Pixabay and chart from TradingView.com<\/p>\n <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-10919","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/10919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=10919"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/10919\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=10919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=10919"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=10919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}BNB Establishes A New Benchmark Against BTC<\/h2>\n
BNB Soars As the Overall Crypto Market Recovers<\/h2>\n
BNB Establishes A New Benchmark Against BTC<\/h2>\n