Binance Coin (BNB) Price Prediction Today: Overwhelmingly Positive Levels – Eyeing $21.00

Traders to expect the sideways trading to culminate in an upward move past $20.00.
The reaction to the inverted head-and-shoulders pattern is the strongest trend indicator.

BNB/USD has a looming upside breakout on Wednesday following the formation of an inverted head-and-shoulders pattern. The formation of this pattern indicates a trend continuation, in this case, Binance Coin is likely to extend the gains above $20.00. The gains come after a trend reversal occurred when the price fails to make any significant movement past $20.50 in the first week of April. The price dipped under both the 12 exponential moving average (EMA) 4-hour and the 26 EMA 4-hour.
Chart Source: TradingView
A bottom was formed marginally above $16.50 giving way for a rebound and the completion of the head formation of the pattern. A correction to the upside pulled above the 12 EMA and 26 EMA. This move saw the bulls’ confidence increase as they took more positions. BNB/USD touched $20.00 before reversing slightly to the region above $18.50. The price is currently sitting comfortably above the EMAs while trading at $19.75.
The reaction to the inverted head-and-shoulders pattern is the strongest trend indicator the traders need to look out for. However, they must watch for a sustained breakout above $20.00 before they can get confident that the move will test $21.00.
Also Read: Bitcoin [BTC] Price Analysis: Bitcoin to Re-test $5546 Level One Final Time?
Considering other indicators like the moving average convergence divergence (MACD) show that BNB/USD will continue with the current sideways trading in the coming sessions. The indicator signal at +0.28 is horizontal while the divergence is constant.
Binance Coin [BNB] Key Technical Indicators
12 EMA 4-hour: 19.55
26 EMA 4-hour: 19.28
MACD 4-hour: +0.28
Path of least resistance: Upwards
Resistance 1: $20.00
Resistance 2: $20.50
Resistance 3: $21.00
Support 1: $19.50
Support 2: $18.50
Support 3: $16.50
BNB Price Prediction: Traders to expect the sideways trading to culminate in an upward move past $20.00 and even correct to $21.00. Binance Coin is among the few coins that are likely to break above its all-time high.
The post Binance Coin (BNB) Price Prediction Today: Overwhelmingly Positive Levels – Eyeing $21.00 appeared first on Coingape.
Source: CoinGape

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.
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.
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 a positive effect on the price.
The total supply of Binance is 189,175,490 BNB. It has been reduced by more than 5% from its original supply of 200,000,000 BNB. Eventually, only 100,000,000 BNB or 50% of the supply will exist after all coin burn events are conducted.
Binance Launchpad
Binance Exchange sprang out of no-where in 2017, eventually became the largest Exchange in the world in terms of the trading volume. The Binance [BNB] coin trading pairs are popular within the exchange and the cryptocurrency is both fast and efficient as well. Moreover, Binance also added more utility to the Binance [BNB] Coin by introducing the Binance Launchpad. Three projects have been released and one more is underway.
“Binance is a successful case study of fundraising on the blockchain” Binance CFO Wei Zhou, said at the Paris Blockchain Conference Organised by the French Ministry of Economics and Finance.
However, the latest token is to be launched on 24th April for which the Binance Lottery System has been implemented which might be influencing the price currently. The final snapshot of the BNB balance to assign the lottery tickets respectively ends on 24th April as well. Hence, a drop can be expected in the coming week after the utility of the coin is reduced temporarily.
The price of Binance [BNB] coin at 3: 30 Hours UTC on 17th April 2019 is 19.73. It is trading 3.52% higher on a daily scale.
Do you think that the upside to Binance [BNB] coin will continue and it will register new an ATH? Please share your analysis with us. 
The post Binance [BNB] Coin Nears its All-Time High; What’s Really Going On? appeared first on Coingape.
Source: CoinGape

Binance Coin (BNB) is Only $6 Short From Retesting Historical High

Binance is turning into the most profitable crypto venture for otherwise bearish ICO investors.
The Chinese-turned-Maltese cryptocurrency firm recently noted its native token BNB’s market capitalization reaching $2.7 billion. At the same time, the BNB’s per token value touched $19.66, which was circa $6 less than its historical high from January 12, 2018.
Binance Coin YTD Price Chart | Source: CMC
Coin Burn on April 15
The BNB’s latest buying wave came ahead of its quarterly token burning event. In retrospective, Binance uses 20 percent of its fiscal quarter profits to buyback BNB tokens. Upon the purchase, the exchange sends the tokens to a non-retrievable ERC20 wallet. The move removes those BNB coins from circulation, thus reducing its overall supply. So far, Binance has performed token burn events six times, burning 5.41 percent of its total supply rate. The last coin burn took place on January 15, 2019.
Binance Coin Bull Weeks | Source: TradingView.com
Binance will continue burning BNB every quarter until it has destroyed half of its total 200 million units. Investors took it as a cue to strengthen their bullish bias, believing a depleting BNB supply would eventually surpass an increasing demand. As a result, BNB emerged as one of the most bullish cryptocurrencies. The coin’s market witnessed eleven consecutive weeks in green since February 4, 2019, and a 239 percent surge on a 90-day timeframe.
The next BNB token burn event is today, which is likely to extend the coin’s upside bias in the coming weeks. The market could see the price reclaiming $26 before correcting lower to neutralize the Relative Strength Index sentiment (overbought on the weekly charts). But to some, BNB’s long-term bullish target could be $100.
The $100 BNB Case
Binance is one of the most-talked-about cryptocurrency companies in both the mainstream and the crypto media. Its popularity serves as a crucial fundamental factor for BNB. What traders see the most trust the greatest. And Binance leaves no-stones unturned when it comes to announcing new service and geographical expansions every once a while.
Binance CEO, Changpeng Zhao, said last week that they would launch two new platforms by the end of April 2019. That includes a decentralized cryptocurrency exchange powered by Binance’s native blockchain and a traditional fiat-enabled trading platform in Singapore. Zhao stated that they would also introduce a BNB-enabled staking service, which would allow the token holders to earn an annual interest.

Binance Coin dominating today!
With $BNB Coin burn tomorrow, and Binance Chain Mainnet and the Dex launch around the corner, I think we soon will see BNB at $25 beating its old ATH of $24.
Longer term I am sure we will see BNB reaching at least $100! #Binance $BTC $ETH pic.twitter.com/1nFnAI71jj
— CryptosBatman (@CryptosBatman) April 14, 2019

Such fundamentals are no less bullish than those associated with Uber’s IPO and Amazon’s robotics. Binance will be attempting to make the most out of the ongoing cryptocurrency hype, majorly benefitting should the cryptocurrency space – especially bitcoin – keep recovering to the upside.
Binance continues to hold the top position when it comes to posting maximum annual revenues. The firm has opened new verticals in the blockchain research and development and is actively participating in startup incubation across the world. Factors such as these could easily sustain investors’ bullish perspective towards BNB. A $100 token will only be a beginning.
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Breaking: Binance Will Delist Bitcoin SV (BCHSV) on April 22

Coinspeaker
Breaking: Binance Will Delist Bitcoin SV (BCHSV) on April 22
Binance exchange has decided to delist and cease trading on all trading pairs for Bitcoin SV (BCHSV) starting from April 22nd, 2019.
Breaking: Binance Will Delist Bitcoin SV (BCHSV) on April 22

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Source: CoinSpeaker

Crypto Market Wrap: Consolidation Continues, When Can We Expect a Breakout?

Crypto markets lethargic on lazy Sunday; Bitcoin Cash. Litecoin and IOTA falling back again, BNB holding.
Market Wrap
There has been little movement on crypto markets over the weekend. Gains have largely held though there have been more sellers than buyers for most of the coins. Total market capitalization has remained above $170 but could well drop back if the bears maintain their presence.
Bitcoin dropped to an intraday low of $5,060 a few hours ago before recovering back to over $5,100 where is has been for most of the weekend. Volume is back at $10 billion which indicates that the bulls could be running out of steam. BTC is down a little on last weekend’s prices but has held gains made over the month and is still on the path to the ‘golden cross’ which is a bullish sign.
Ethereum is slowly weakening also and is now back below $165 again. With no further bullish action markets are consolidating at this level but slowly trending downwards again. Without another big push by Bitcoin, Ethereum and the rest will continue to weaken as volumes decline.
The top ten is all red again today as altcoins start to slide during the Asian trading session. Bitcoin Cash and Litecoin have lost the most at around 3% falling back to $275 and $77 respectively. BCH has held on to fourth spot over EOS but only just. Binance Coin is the only one not to lose out at the moment as it adds a percent or so reaching $18.60.
The top twenty is also awash with red at the time of writing with largest losses happening at IOTA which has dumped 6.5% on the day. NEO, Ontology and Maker have all lost over 3% today and Bitcoin SV is not far behind.
FOMO: REPO Pumps Again
Today’s top performing altcoin in the top one hundred is Repo as it gets another pump of 30%. There appears to be nothing fundamentally driving momentum for this altcoin which is up and down on a daily basis. Following days of dumping Maximine Coin is finally recovering a little with a 20% pump today. Enjin Coin is also adding to yesterday’s gains with a further 12% today.
There is only one double digit dumper today and that is yesterday’s fomo coin, TrueChain, which has lost 10% on the day. WaykiChain continues to slide with 7% dropped and IOTA is also in pain at the moment.
Total market capitalization 24 hours. Coinmarketcap.com
Total crypto market capitalization has not moved a lot over the past 24 hours. A lazy Sunday appears to be in store as markets remain range bound at $172 billion, down $2 billion from the same time yesterday. Daily volume is diminishing and has dropped back to $35 billion as the consolidation continues.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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Source: New feedNewsBTC.com

Binance Coin [BNB] Becomes Hottest Crypto With Over 6% Spike

Binance Coin (BN), the native token of the largest cryptocurrency exchange Binance is surging with over 6 percent growth within the last 24 hours. With such new figures, BNB stood as the hottest cryptocurrency among top 10 coins on the graph of Coinmarketcap.
Binance Coin (BN) Surging Again
Unlike the favorable market figures, this week in crypto offered mixed signals – in fact, today’s crypto index showed few cryptocurrencies gaining back the figures they lost earlier this week. At press time, Bitcoin (BTC), Bitcoin Cash (BCH), EOS, Binance Coin (BNB), Tether (USDT), and Cardano (ADA) are the well-performing coins wherein BNB sets itself apart as the hottest cryptocurrency.
Source: Coinmarketcap
According to the data provided by Coinmarketcap, Binance Coin (BNB) is stick to its 7th position and trading at the value $18.47 against US dollar. Consequently, the market cap is up with 6.78% over the past 24 hours and counts its trading volume as $2,607,445,276.
Source: Coinmarketcap
Following the spike, its highest trading volume can be seen on Binance exchange having BNB pairing with USDT. Moreover, other exchanges that have contributed massive volume are P2PB2B, LBank, Coinsbit, EXX, Bit-Z, Bit-Z, and BitMax. Beside USDT, other coins that BNB is paired among these exchanges are BTC, USD, and BTC.

Although observers are yet to identify what spikes BNB’s value today, Binance exchange is bullishly moving towards improving crypto-ecosystem. As such, Coingape reported Binance Labs decision of granting $15000 each to three startups working on open-source blockchain technologies.
Nevertheless, the exchange had announced its ‘fourth’ token sale on Binance launchpad on behalf of layer 2 scaling solution MATIC. After the successful completion of BitTorrent, Fetch.AI, Celer Network launchpad sale, Binance is rolling out MATIC launchpad sale on April 24, 2019, wherein the base token that every participant have to follow is BNB only.
All-in-all BNB today pops-up with remarkable growth accompanied by a couple of other cryptocurrencies. What do you think has influenced the value of Binance token (BNB)? Share your thoughts with us.
The post Binance Coin [BNB] Becomes Hottest Crypto With Over 6% Spike appeared first on Coingape.
Source: CoinGape

Crypto Market Starts Corrective Decrease: Litecoin, Bitcoin Cash, TRX, BNB Analysis

The total crypto market cap failed again to clear the $178.5B resistance and declined recently.
Binance coin (BNB) price is down around 4% and it could test the $17.40 support level.
Litecoin (LTC) price is slowly moving lower and it may revisit the $82 support area.
Bitcoin cash price retreated from the $300 resistance and it tested the $285 support area.
Tron (TRX) price is down more than 7% and it is approaching the $0.0270 support level.

The crypto market corrected lower recently, with bearish moves in bitcoin (BTC) and Ethereum (ETH). Litecoin, ripple, bitcoin cash, TRX, XLM and EOS are correcting lower towards supports.
Bitcoin Cash Price Analysis
Bitcoin cash price revisited the $300 resistance area recently against the US Dollar. The BCH/USD pair faced a strong selling interest near $300 and later started a downside correction. It declined below the $290 support and tested the $285 support.
The next key supports are at $280 and $282, where buyers are likely to take a stand. On the upside, the previous support near $295 may act as a solid resistance, followed by $300.
Binance Coin (BNB), Litecoin (LTC) and Tron (TRX) Price Analysis
Binance coin (BNB) price remained confined in a range below the $18.50 resistance. Recently, BNB price faced an increase in selling pressure, resulting in a downside reaction below the $18.00 support. The price is currently trading near $17.70 and it may continue to drop towards the $17.50 and $17.40 support levels. On the upside, the main resistances are $18.00 and $18.50.
Litecoin price struggled to stay above the $90.00 support and it recently corrected lower. LTC price is down around 3% and it may continue to move down towards the $82.00 support level. The main support is at $80.00, below which the price may head towards the $75.00 support area.
Tron price failed to settle above the $0.0300 resistance level and it recently declined sharply. TRX price is down more than 7% and it broke the $0.0285 and $0.0280 support levels. The next support is at $0.0270 level, where buyers are likely to appear.

Looking at the total cryptocurrency market cap hourly chart, there was another attempt to surpass the $178.5B resistance level. The market cap failed to stay above $178.5B, formed a high at $179.9B and later declined sharply. It broke the $172.0B support area and a connecting bullish trend line on the same chart. It has opened the doors for more downsides towards the $160.0B support area. However, there are many supports on the downside, which is why bitcoin, Ethereum, EOS, litecoin, ripple, BNB, BCH, TRX, ICX, XLM and other altcoins are likely to bounce back in the near term.
The post Crypto Market Starts Corrective Decrease: Litecoin, Bitcoin Cash, TRX, BNB Analysis appeared first on NewsBTC.
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Crypto Market Wrap: $6 Billion Retreat From 2019 High, How Low Will it Go?

Crypto markets retreat after yesterday’s high; Binance Coin, Cardano, BSV, NEO, Ethereum Classic and Maker dumping, Tron survives.
Market Wrap
Crypto markets are starting to correct as $6 billion gets dumped and traders take profits. The move was not unexpected as many had predicted a pullback for Bitcoin as it approached heavy resistance. The day after reaching a new 2019 total market capitalization has dropped back below $180 billion again.
Bitcoin hit an intraday high of $5,300 a few hours ago but could not break above it. It had recovered strongly from a low point of $5,150 during US trading the previous day but now appears to be correcting again as BTC falls back to $5,200. Big resistance looms ahead and the pullback has been predicted.
Ethereum has lost 3% on the day falling back to $176 from a 2019 high on Monday. ETH appears to have hit pivotal resistance at the 200 day moving average yesterday which it failed to overcome. If Bitcoin fails to hold above $5k, Ethereum will also fall along with the rest of the markets.
The top ten is a sea of red at the time of writing. Altcoins are starting to dump with the biggest losses suffered by Binance Coin and Cardano, both dropping 6% on the day. Bitcoin Cash and Litecoin have lost 4% as BCH flips LTC for fourth spot. XRP and XLM are about 3% down as the sellers gather momentum in fear of a big dump.
Top twenty losses are even greater with Bitcoin SV, NEO and Ethereum Classic dropping 7 percent a piece. Even a listing on Coinbase Pro could not prevent Maker dumping 7 percent today too. The only altcoin in the green in the top thirty right now is Tron which has made over 3% on the day as Justin Sun launches his own network;

Weekly Report1. Developments on SUN NETWORK.2. 40+exchanges support #BTT.3. #USDT–#TRON successfully tested airdrop on test network.4. @TRONSCAN_ORG showed new transactions records.5. @justinsuntron donated to HUPAN University established by Jack Ma.https://t.co/upp4neCcAQ
— TRON Foundation (@Tronfoundation) April 8, 2019

FOMO: REPO Dumping and Pumping
The top performing altcoin in the top one hundred right now is REPO up a whopping 90% following a dump of a similar amount yesterday. The extremely erratic price movements of this altcoin make it proper P&D material with very little fundamental basis. There are no other altcoins pumping at the moment although WaykiChain is up 9% on the day.
VestChain, having been reported as a scam coin, has dumped 46% over the past few hours. Maximine Coin continues to get battered losing another 15% today and Dogecoin is back in the doldrums with a 13% dump.
Total market capitalization 24 hours. Coinmarketcap.com
Total market capitalization has lost $6 billion over the past 24 hours as it retreats from a new yearly high to $179 billion. The 3% loss has not been unforeseen as corrections following new highs are inevitable. Altcoins appear to be leading the slide at the moment however as Bitcoin’s dominance climbs back over 51%.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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Binance Announces Binance Charity Foundation Programs to 10 More Ugandan Schools

A non-profit organization of Binance crypto exchange is now available across 10 more schools in Uganda. Binance Charity Foundation recently revealed that they have expanded lunch for Children program to support 3747 students and staff among 10 schools located in Jinja and Kampala in Uganda.
Binance Charity Foundation or BCF is a philanthropic arm of Binance exchange launched earlier this year. However, they began a charity program with a pilot project in February at Jolly Mercy Learning Centre in Kampala, Uganda to serve free meals to over 200 students and school staff. Following the pilot project, the platform has announced its expansion to 10 more schools on April 04, 2019.
Consequently, the beneficiary of this program will be receiving an account with Trust Wallet wherein BCF donating $0.030 BNB for their lunch for a full year. Accumulate donation value for 10 additional schools comes around US$236,061. Such donated funds will then be sent to vetted supplier’s crypto wallet who regularly deliver lunch to these schools every day. Upon receiving donated funds, suppliers can visit Binance Uganda (fiat-to crypto exchange branch by Binance located in Uganda) and then, he can redeem BNB tokens to Uganda Shillings. Nevertheless, the announcement reads;
The donation for these 10 new schools, totaling in US$236,061, was made possible by Binance and BCF’s sponsors, as well as TRON, IOST, and a Binance VIP customer, with the distribution of delivery, separated within 3 tranches for the current timeline.
Do you think the initiative should run across the whole world by other market players as well? What’s your stake on blockchain-based charity program initiated by Binance exchange? Let us know your thoughts.
The post Binance Announces Binance Charity Foundation Programs to 10 More Ugandan Schools appeared first on Coingape.
Source: CoinGape

Bitcoin Price Jumps Over $4600 as Cryptocurrency Market Adds $15 Billion in a Single Day

Coinspeaker
Bitcoin Price Jumps Over $4600 as Cryptocurrency Market Adds $15 Billion in a Single Day
On Tuesday, Bitcoin price jumped nearly 20% in just under an hour registering massive recovery after heavy consolidation. Along with Bitcoin, altcoins too have joined the bull show.
Bitcoin Price Jumps Over $4600 as Cryptocurrency Market Adds $15 Billion in a Single Day

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Source: CoinSpeaker

Binance Launchpad Introduced Matic Network (MATIC) Token Sale

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Binance Launchpad Introduced Matic Network (MATIC) Token Sale
Binance today announced the next project on Binance Launchpad – Matic Network (MATIC). The MATIC token sale will follow a new lottery format, using the new rules previously announced by Binance.
Binance Launchpad Introduced Matic Network (MATIC) Token Sale

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Source: CoinSpeaker

Crypto Market Report: Bitcoin and Altcoins Fared Will in Q1 2019: LTC and BNB Gains Over 100%

Bitcoin and the cryptocurrency market entered 2019 taking the maximum brunt of bear pressure of 2018 with it. The irony with Bitcoin (BTC) traders is that they are long on Bitcoin massively. However, TA also suggests that fear of a bottom isn’t behind us.
The fears of a new bottom in Bitcoin [BTC] has kept the traders guessing the direction of Bitcoin for three months now. While regulatory progress has been slow, it has been mostly positive. However, the cryptocurrency projects and Exchanges are reeling under a massive liquidity crisis. While QuadrigaCX Exchange baffled the crypto-community as cryptocurrency worth $190 million went missing, Mt. Gox Exchange issue finally met its end after five years.
The 60-Day estimate of the volatility on Bitcoin is 2.20%. The monthly volatility index is even lower at 1.33% as Bitcoin primarily traded on the $3850-$4000 range.
The dominance of Bitcoin [BTC] at the beginning of the year was 51.7. During the second week of February, it reached a yearly high of 53.5%. However, it is down to 50.2% on 31st March 2019.
2019 Q1 High: $4186
2019 Q1 Low: $3401
Q1 Gain/Loss Percentage: 8.8% Gain
BTC/USD 2019 Q1 Chart on Coinmarketcap.com
Litecoin (LTC)
Litecoin [LTC] is one of the most preferred cryptocurrencies as a medium of payment. This is primarily because of Litecoin [LTC] being completely decentralized and its efficiency as a payment system. As Charlie Lee, the lead spokesperson of the Litecoin Foundation marked the end of the scalability debate, Litecoin [LTC] embarked upon a new journey to add fungibility to the ‘digital silver’ protocol.
Charlie Tweeted on 28th January 2019
“Fungibility is the only property of sound money that is missing from Bitcoin & Litecoin. Now that the scaling debate is behind us, the next battleground will be on fungibility and privacy. I am now focused on making Litecoin more fungible by adding Confidential Transactions.”
2019 Q1 High: $63
2019 Q1 Low: $30
Q1 Gain/Loss Percentage: 99.1% Gain
LTC/USD 2019 Q1 Chart on Coinmarketcap.com
Ethereum (ETH)
Ethereum had lost its second position w.r.t market capitalization to XRP in late 2018. However, with the resurrection of the updates on Ethereum towards Proof of Stake (PoS) and Plasma implementation with the Constantinople update revied the investor confidence in Ethereum (ETH) again. Ethereum is ranked second with a total market capitalization of $14.8 billion.
2019 Q1 High: $165
2019 Q1 Low: $103
Q1 Gain/Loss Percentage: 5.9% Gain
While Tron (TRX) and EOS are ranked above Ethereum (ETH) is many surveys by technology and feature. EOS gained nearly 100% of the value since the beginning of the year. It was recently ranked number one cryptocurrency in two independent pieces of research on cryptocurrencies. Tron (TRX) has been quiet in terms of price in 2019, trading primarily in the $0.022-0.027 range.
ETH/USD 2019 Q1 Chart on coinmarketcap.com
XRP (XRP)
The trading on XRP has subsidized considerably since the beginning of 2019. Moreover, XRP has lost 12.2% of its value since the beginning of the year.
The volatility index of XPR is, however, trading has been mostly concentrated in the range of $0.299 and $0.33 since the second week of January. It can mainly be attributed to the fact that Ripple’s partnerships and diversification now have little effect on XRP. However, it remains to be the most popular cryptocurrency backed by a centralized institution and over 200 banks.
2019 Q1 High: $0.378
2019 Q1 Low: $0.288
Q1 Gain/Loss Percentage: 11.7% Loss
XRP/USD 2019 Q1 Chart on coinmarketcap
Bitcoin Cash (BCH)
Bitcoin Cash has been one of the most volatile cryptocurrencies in the top ten market cap in 2019 in terms of direction. The price of Bitcoin Cash (BCH) has both bottomed at $108 and again attained a value of $170 after the increase started from the second of March 2019 from $120 range.
2019 Q1 High: $173
2019 Q1 Low: $108
Q1 Gain/Loss Percentage: 6.36% Gain
BCH/USD 2019 Q1 chart on coinmarketcap
Total Market Capitalization
Stellar Lumens (XLM)
Stellar Lumens (XLM) attained a low of $0.0737 during February as the bottoming fear in Bitcoin, and the entire cryptocurrency increased considerably. However, the market sentiments for Stellar Lumens (XLM) improved significantly after the announcement of wide-scale implementation in IBM’s world wire which has initiated partnerships with 72 banks in more than 40 countries.
XLM/USD 2019 Q1 Chart on coinmarketcap.com
Stellar Lumens High: 0.117 in March (Post IBM announcement), $0.128 in January
2019 Q1 Low: $0.0737
Q1 Gain/Loss Percentage: 2.5% Loss
Final Market Updates
Binance (BNB) Coin was trading at $6.10 at the beginning of the year. The price of Binance (BNB) coin on 31st March 2019 was $16.93. Hence, a rise of almost 180% was recorded in three months. The other popular Exchange based cryptocurrency, Huobi Token (HT) also gained over 175% in the same period. The price of Huobi Token (HT) on January 1, 2019, was $1.07 which increased to about 2.74 on 21st March 2019. The cost of HT on 31st March was $2.54.
Some of the other top performing cryptocurrencies were Basic Attention Token (BAT), Crypto.com chain (CRO), Enjin (ENJ) Coin, Raven coin and Tezos (XTZ) with maximum gains.
The total market capitalization of the Bitcoin market attained at low of $111.86 billion.
Moreover, it has gained 13.9% since the beginning of the year. The total market capitalization of the cryptocurrency markets on 31st March 2019 was $144.2 billion.
The post Crypto Market Report: Bitcoin and Altcoins Fared Will in Q1 2019: LTC and BNB Gains Over 100% appeared first on Coingape.
Source: CoinGape

Binance’s BNB Leads Top Ten Cryptos in Q1 2019, Rises 185%

Binance Coin (BNB) has led the top ten cryptocurrencies in terms of quarter performance.
The Binance crypto exchange’s native asset surged 185 percent in the first quarter of 2019, jumping from $6.069 to $17.335, according to data provided by Messari. On the whole, BNB was the sixth largest gainer in the said period, beaten only by PCHAIN’s PI (+787%), Ravencoin’s RVN (+337%), Everex’s EVX (+313%), Enjin Coin’s ENJ (+287%), and Numeraire’s NMR (234%). None of these cryptocurrencies were in the top ten list.
BNB Q1 2019 Performance | Source: Messari
The three-month long bullish performance followed a considerable debacle last year, which saw BNB’s market capitalization dropping by over 75-percent from its historic high. Part of the collapse was due to crypto market’s overvaluation, which saw some major bearish corrections throughout the top and tail coins. However, almost all the significant cryptocurrencies seemed to have established their bottom levels, which somewhat explains why BNB had an impressive fiscal quarter.
Fundamentally Strong
Binance Coin (BNB) remained one of the few coins that traders included in their crypto portfolio. What backed it through the rough waters, and eventually to a decent recovery, is reputation. Binance’s success as a cryptocurrency spot exchange helped BNB attaining more legitimacy as a well-backed token. Binance ventured into other business territories that hinted more demand for BNB tokens in real-time, which included a decentralized exchange and token launchpad for blockchain projects.

Looks like continuation to me.$BNB pic.twitter.com/2P8dJ3FHbJ
— The Crypto Dog (@TheCryptoDog) March 31, 2019

While on one hand, Binance promised more demand for BNB, on the other it kept reducing the token’s supply rate.
In retrospect, Binance spends 20-percent of its profits every quarter to buyback BNB tokens for destruction. That systematically reduces the supply rate of BNB tokens, leading investors to remain bullish based on the classic more-demand-less-supply scenario.
What’s Next for BNB?
Technically, the BNB price is now close to testing a crucial resistance area. Have a look:
BNB Price Technical Analysis | Source: TradingView.com
The area near $353 has historically capped the BNB upside action from maturing any further. The price is once again testing the same level, supported by a moderate trading volume on the daily chart. If the BNB/USD rate manages to break through $353, then it could allow the pair to extend its bullish momentum further towards $400, a psychological resistance level.
If BNB/USD fails to spark a breakout action, then the pair could see a sharp pullback towards the 50-day exponential moving average. This MA has lately provided support to the ongoing BNB uptrend.
The Relative Strength Index, which indicates the asset’s momentum, is close to entering the overbought area, which means the ongoing uptrend might exhaust for a short time. There is momentum support at 96.82 that could allow BNB to bounce back and continue its uptrend as before.
The post Binance’s BNB Leads Top Ten Cryptos in Q1 2019, Rises 185% appeared first on NewsBTC.
Source: New feedNewsBTC.com

Bitrue adds BNB/XRP, BNB/BTC and BNB/USDT trading pairs

Bitrue, a Singapore-based cryptocurrency exchange, announced the launch of three trading pairs for Binance coin [BNB] on 26 March. The cryptocurrency exchange added BNB/XRP, BNB/BTC, and BNB/USDT.
The news came after Bitrue added four new XRP-based pairs,  ZIL/XRP, IOST/XRP, GNT/XRP, and ICX/XRP. Bitrue had already listed 35 XRP-based pairs and the addition of BNB/XRP has pushed the total number of XRP-based pairs to 36.
The addition of Binance Coin trading pairs to the exchange is a move aimed at gauging some attention from the Binance community. Bitrue and Binance are two popular crypto-exchanges enjoying equal support from the XRP community. This listing is also unusual because of the fact that hardly any exchange adds a coin native to a competing exchange.
A member of the XRP community @Akasost had asked Bitrue for a BNB/XRP pairs on 27 March,
“Hey @BitrueOfficial @Curis_Wang and @binance fans. Who wants to see @BitrueOfficial add an XRP-BNB @binance coin base pair? #xrpcommunity #bnb #xrp #xrpthebase #XRPTheStandard”
Bitrue CEO Curis Wang responded, with Binance’s Chagpeng Zhao, tweeting,
“Careful what you wish for ”
After Bitrue added BNB/XRP pair, the Twitter user responded,
“Geez that was quick. XRP base pair with @binance BNB coin, I only asked a few days ago. Those irons must have been in the filings nice works once again @BitrueOfficial quickly becoming my favourite exchange #xrpcommunity #XrpTheBase #ripple”
CZ also replied to his tweet, stating that they do listen to crypto-users.
The post Bitrue adds BNB/XRP, BNB/BTC and BNB/USDT trading pairs appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Market Correcting Gains: BNB, Bitcoin Cash, EOS, TRX Price Analysis

The total crypto market cap jumped to a new weekly high at $136.4B and later corrected lower.
EOS price rallied sharply and broke the $4.00 and $4.10 resistance levels.
Binance Coin (BNB) seems to be consolidating above the $16.50 and $16.20 support levels.
Bitcoin cash price gained nicely and it recently moved above the $170 resistance.
Tron (TRX) price is currently trading in a tight range above the $0.0230 support level.

The crypto market extended gains before starting a downside correction. Dips in bitcoin (BTC), Ethereum (ETH), binance coin (BNB), BCH, ripple, EOS, TRX and ADA remain supported.
Bitcoin Cash Price Analysis
Bitcoin cash price traded higher steadily after it cleared the $155 and $160 resistance levels against the US Dollar. The BCH/USD pair broke the $165 resistance and it slowly moved above the $170 level. The price is currently consolidating above the $170 level and it may continue to rise towards the $175 level.
On the other hand, if there is a downside correction, the price is likely to trade below the $170 and $168 support levels. The main support is $165, where buyers are likely to emerge.
EOS, Tron (TRX) and BNB Price Analysis
EOS price performed really well and climbed above the $4.00 barrier. Buyers were in full control and they succeeded in clearing the $4.10 and $4.20 resistance levels. The current price action is such that the price may even climb above the $4.30 resistance level in the coming sessions.
Tron price managed to stay above the $0.0220 and $0.0222 support levels. TRX price recently climbed above the $0.0230 resistance and traded above $0.0232. The next stop could be $0.0235. The main hurdle for buyers is near the $0.0240 level, where sellers might take a stand.
Binance coin (BNB) remained well bid after it broke the $16.00 resistance level. BNB price even spiked above the $17.00 level before starting a downside correction. The price is currently consolidating in a range, with an immediate support at $16.50. The main support on the downside is near the $16.00 level.

Looking at the total cryptocurrency market cap hourly chart, there was a solid upward move above the $130.0B and $132.5B resistance levels. The market cap even broke the $135.0B resistance and traded to a new weekly high at $136.4B. Later, it started a downside correction and moved below the $135.5B support and a bullish trend line on the same chart. However, there is a strong support on the downside near the $134.0B level. Therefore, if there is a downside correction in bitcoin, ETH, TRX, LTC, EOS, BNB, ripple, ADA, XLM, WAN, BCH, XMR and other altcoins, buyers are likely to take a stand.
The post Crypto Market Correcting Gains: BNB, Bitcoin Cash, EOS, TRX Price Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com