Binance’s BNB Coin Surpasses $300 Mark Amidst Market Recovery
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. 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’s $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....
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Dogecoin price has continued to consolidate. However, the coin showed signs of recovery on its one-day chart. Over the last 24 hours, the coin hasn’t made much progress. In the past week, Dogecoin price just moved up by 0.4%, which indicates that the coin is still in a consolidated price range. The technical outlook for Dogecoin indicated that buyers were not in control of the market at press time. This meant that Dogecoin price was still experiencing bearish pressure. For Dogecoin to be able to regain the bulls back, it is important that the meme-coin breaks past its immediate price....
Bitcoin price continues to witness strong resistance around the $19,400 mark. Over the last 24 hours, the coin depreciated by 2.9%. At the beginning of this month, Bitcoin price had staged a brief recovery but it was met with selling pressure. After the coin started hovering near the $18,000 price mark, this level attracted buyers on the chart. Soon after that, BTC moved up on its chart two weeks ago. The technical outlook of the coin indicated that the bears hadn’t given up yet. The bulls could return to the chart if the coin broke past its immediate resistance mark. Buying strength....
The price of Bitcoin has hit an all-time-high once again today, surpassing the $400 mark at Mt. Gox. In fact, at the time of this writing, the price is past the $420 mark, to much fanfare. We'll be surprised if the price keeps it up, but this is certainly yet another great milestone in the story that is Bitcoin, In other news, Bitcoin's market cap has surpassed the $4.5 billion mark, just days after passing $3 billion.
Polkadot price had touched the $8 price level before the bulls lost steam and fell on the one-day chart. DOT travelled 3.6% lower in the last 24 hours on its chart. Over the past week, DOT had gained some value, but most of that was nullified at press time. The Polkadot price was making a recovery over the last two days as it had declined before that. Buyers had stepped in during the recovery period. At the time of writing, however, buyers had exited the market again. The technical outlook for the coin was bearish, with sellers taking over the market. The support zone for Polkadot price....
Binance’s BNB token has struggled to keep gains amidst a bearish-looking crypto market. The 4th largest crypto by market cap has kept over 15% profit in the last 7 days. This comes when other top tokens, including Bitcoin, struggle to trade in the green zone. As of writing, BNB has also recorded quite a fair amount of gains against Bitcoin and Ethereum. Specifically, the token has garnered around 5.02% over BTC and 5.71% over Ethereum. The coin is also on its way to retouching its 24-hour high of $340 as it trades at $336, press time. Related Reading: These Key Factors Might Push Ethereum....