Crypto Market Wrap: What Caused VeChain to Make a Comeback as Markets Cool?

Crypto markets slowly starting to correct; VeChain and BNB going strong, Stellar, ADA and NEO dropping fastest.
Market Wrap
Yesterday’s minor movement did not last and crypto markets have fallen back a little as we end the week. The week-long rally looks like it is about to run out of steam as resistance is hit for the big cap cryptos. Total market capitalization has held though and is still above $134 billion for the time being.
Total market cap, 24 hours.
Yet again Bitcoin hit resistance at $4,000 and failed to break through. The longer this happens the less likely there will be a break to the upside. BTC is trading down marginally on yesterday’s levels but it still holding around $3,970 at the moment, volume is slowly shrinking however.
Ethereum is holding $147 for now but it too has failed to break resistance at $150 so further losses could be on the cards. XRP is falling back and has lost 2% on the day dropping it to $0.322. This has widened the gap between it and ETH to $2.1 billion.
The top ten is all red during Friday’s Asian trading session aside from Binance Coin which is back up again while others are falling. BNB has made over 3% on the day taking it to $10.90. The biggest drop in the top ten is Stellar losing 3% but remaining above Tron for now.
The top twenty is awash with red at the time of writing. Cardano and NEO are dropping the most with 4% losses each. The rest are dumping between 1 and 3 percent as markets correct from three days of buying pressure.
QASH has surged back into the top one hundred with a fomo pump of 33% but today’s surprise mover is VeChain which has made 12% over the past 24 hours. Daily volume has almost quadrupled from $5.7 million to almost $20 million, over half of it traded on Binance. The recent blockchain integration with Amazon Web Services appears to be driving momentum;

AWS services enable one-click VeChainThor Blockchain deployment for enterprises.
Original: https://t.co/qIWZVS9mbR
English: https://t.co/lBtB6T5vCZ
— VeChain Foundation (@vechainofficial) February 18, 2019

Total market capitalization has cooled off and settled at $134 billion, down 1.5% from yesterday’s levels. Daily volume continues to dwindle and is now $10 billion less that it was a couple of days ago at $25 billion. It has been a strong week for crypto markets which are still up 10% on the same time last week.
Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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Crypto Market Wrap: EOS Spikes 16% in 48 Hours as Digital Assets Regain Momentum

Crypto markets marching upwards again; EOS and Litecoin leading the charge, BNB cools off. EOS up 16% from $3.3 to $3.83 in 48 hours.
Market Wrap
Momentum is gaining once again on crypto markets following a little cooling off yesterday. Most cryptocurrencies are in the green at the moment and total market capitalization has topped $135 billion for the first time in six weeks.
Bitcoin hit resistance again at $4,000 twice in the past day but it has not fallen back and is holding there at the time of writing. It is currently up 1.3% from yesterday’s minor correction but has failed to break this crucial level. The next move for BTC is likely to be a big one.
Ethereum has regained momentum and has moved up a further 3% on the day to reach $148. ETH remains well supported and the next resistance level is at $150. The gap to XRP is almost $2 billion again as the Ripple token makes minimal progress today.
The top ten is green once again and EOS is the day’s leader with a gain of 8% taking it to $3.90. Litecoin has also had a very strong few hours with 7% added increasing its market cap over $3 billion and breaking through a crucial psychological resistance level of $50. Stellar has also shifted gear today with a 6% rise as it pulls away from Tron.
EOS Surges 16%, Source: TradingView
The top twenty is equally buoyant during Asian trading today with everything bar Binance Coin in the green. Maker is yet again the top performer in this section with another 5.5% added on the day. Most other coins here are making 2-3 percent as the rally pushes slowly higher.
REPO and Crypto.com’s MCO token are getting a dose of FOMO at the moment as they both have risen by 20%. There are no big dumps currently but Revain is currently the top one hundred’s worst performer losing almost 5% on the day.
Source: Coinmarketcap.com
Total crypto market capitalization is still moving up and has retained momentum. It is currently 2.2% higher on the day as it pushes through a six week high of $136 billion. Daily volume has fallen back below $30 billion though but it has maintained strong levels. Since last Thursday markets have made over 12% and hopes are that this will continue.
Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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A Successful Binance DEX Mainnet Could See Binance Coin (BNB) Prices Double

 

Binance coin up 17.1 percent in the last week

Testnet launch live, users free to test the DEX and Binance chain explorer

Transactional volumes double from Dec 2018

 
BNB is back to the top 10, and with increasing volumes and DEX and explorer test net, coin holders are likely to reap big profits. So far, Binance coin is up 17.1 percent and back to the top 10.
Binance Coin (BNB) Price Analysis
Fundamentals
Like Ethereum’s ETH, Binance Coin is a utility token in the Binance chain network. It is a tool for incentivizing use and so far, the coin is rallying. Perhaps induced by the overly successful BitTorrent’s BTT ICO, the currency is retesting key resistance levels of 2018.
Adding to the bullish impetus is news that both the Binance Coin and the Bitcoin DEX testnet is now open to the public. The new release will allow testing of the Binance Coin chain explorer as well as the Web Wallet. Binance said this about the new testnet:
“Binance Chain is a new blockchain developed and released by Binance. Binance DEX is a high performance and user-friendly platform built on top of Binance Chain, where users can create, issue and trade digital assets.”
To get started in what Binance describes as a standard for DEXs, all a user needs to do is set up a new wallet, unlock the wallet, transfer assets and place orders right away.
The eventual launch of the mainnet will be very bullish for Binance coin as users of the Binance DEX will have to pay for gas to power transactions. Gas and fees are quoted in BNB only and assuming there is an immediate shift from centralized exchanges to unhackable Binance DEX–with better liquidity and UIs, then BNB holders stand to benefit.
Candlestick Arrangements

Thus far, the coin is up 17.1 percent in the last week. Aside from favorable candlestick arrangement, the sole reason behind this week’s expansion may be because of DEX testnet. As we said, Binance is yet to announce the mainnet launch, but from the chart, the path of least resistance is upwards.
A simple Fibonacci retracement tool between the BNB’s high low show that prices are finding support off the 78.6 percent level and with increasing volumes, bulls are back. Technically and when we draw guidance from Fibonacci retracement rules, the reaction at 78.6 percent level often leads to a retest of recent highs and in that case ideal targets may be 2017 highs of $26. All the same, before BNB explode, modest targets will be at Q2 2018 highs of $18.
Technical Indicators
 
Week ending Feb 10 bull bar reversed losses of the week ending Nov 25. Accompanying these upswings are increasing average volumes–7 million to 15 million and wide trade ranges which is bullish. Although we expect prices to cool off, ideal reversal zones will be at around last week’s lows of $8.5. However, such deep corrections are unlikely. Sellers may drive prices back to the $10 level before bull trend resume.
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Binance CEO announces launch of its first Decentralized Exchange Testnet

In a recent interview with cryptocurrency and blockchain enthusiast, Ivan Liljeqvist, Changpeng Zhao aka CZ, the founder and CEO of Binance, spoke about listing and delisting coins on its platform, the standards to be met and above all, the launch of DEX.
Binance, which is essentially a centralized entity, is all set to step its toes into the DEX space after releasing its first version. Talking about supporting decentralized exchange without even being one, CZ said:
“I think we have listed no less than seven decentralized exchange coins”
CZ also admitted that any one of them could easily disrupt the centralized system run by them. He highlighted the aspects of security, ease of use and freedom rather than setting decentralization, as the goal of his work.
Talking about DEX’s profitability, CZ asserted:
“DEX may not generate a lot of revenue for Binance.com because the nodes will be decentralized and we don’t own most of them. But it is likely to increase utility and hence the value of the Binance coin and we still have decent number of Binance coin ourselves.”
CZ further said that DEX, which is a unique offering of the centralized exchange, is technically fully decentralized. He said:
“Users hold their own private key and the network never has access to the key.”
He also revealed that the mainnet runners for the DEX have not been decided yet. However for the testnet, all the nodes will be run by them in order to understand its workings.
The all-new DEX will be using Binance Chain to render instant transaction confirmation for a similar trading volume.
Earlier, the exchange had announced that their native Binance coin [BNB] will be moved to the Binance Chain, which was previously trading on the Ethereum blockchain.
Subsequently, other tokens might also move into the chain. Speaking further about the process, CZ stated:
“You can issue token, you can trade them, submit your proposals to get your coin listed on the DEX and the nodes will vote for you.”
Over 8 tokens have confirmed their migration into the Binance Chain from ERC 20.
Binance CEO CZ has previously been criticized by the community for removing coins from the exchange. To this, CZ responded by saying:
“Because we are centralized we will have to take on the responsibility of selecting projects and working with projects to list them. Basically, we want a listing of projects with a large number of users, good products, good communication with the community, consistent improvements and active developments.”
Other reasons for delisting include limited technical resources and security issues, said CZ. He finally concluded by saying that he believes that listing more coins for an exchange ‘is not the best market strategy’.
The post Binance CEO announces launch of its first Decentralized Exchange Testnet appeared first on AMBCrypto.
Source: AMB Crypto

You Can Now Check Out Binance’s New Decentralized Trading Platform as Public Testing Goes Live

CoinSpeaker

You Can Now Check Out Binance’s New Decentralized Trading Platform as Public Testing Goes Live

Binance launched its much expected decentralized exchange (DEX) to increase security and efficiency of its services and the markets love it with the BNB coin appreciating by over 75% within days.

You Can Now Check Out Binance’s New Decentralized Trading Platform as Public Testing Goes Live

Continue reading at Coinspeaker
Source: CoinSpeaker

Binance DEX Testnet Launched, BNB Breaks into a New ATH in BTC Market

“Fast and secure decentralized digital asset exchange. The new cryptocurrency trading standard is here,” states the website of the brand new launched Binance DEX.
The much anticipated Decentralized exchange (DEX) of the world’s largest cryptocurrency exchange Binance has finally launched its testnet for public testing. Binance DEX aims to bring the best of its centralized exchange’s features in a decentralized setting.

As Binance CEO, Changpeng Zhao better known as CZ has pointed out previously, the focus of the DEX would be on security, user-friendliness, and speed. Recently, in an interview, he had shared,
“The user interface on Binance DEX is similar to the interface of Binance.com. Fast, secure and user-friendly. We envision the Binance Chain to help grow the community and further crypto adoption and accessibility.”
Recently, in a blog post, Binance had shared that the common problem that exiting DEXs face is in the form of difficulty in attracting the users which is due to less intuitive user experience, speed, and liquidity issues.
But Binance is all set to tackle this issue of reaching a wider user base head-on as they are in a “unique position” to run a secure exchange platform that processes billions of attractions with speed as it’s all about “replicating” the success of its market-leading centralized exchange into the decentralized realm.
No doubt, Binance is best suited for this challenge. Even despite the demand from the users, existing DEXs haven’t been able to live up to their expectations, however, Binance DEX is hitting just the ‘pain point’ of the users by offering this community initiative with low trading fees, user-friendly, and a safe and secure platform. Apart from near-instant transactions finality with an order matching engine, it allows its users to hold their own keys.
Binance DEX Hit the Right Chords for BNB Price
“BNB, currently an Ethereum ERC20 token, will be migrated to Binance Chain to become the native asset of the new blockchain,” mentions the official BInance DEX website.
In the past 24-hours, BNB has taken a hike of more than 15 percent at $$11.16. In the BTC and ETH market as well, it is up by 14 and 17 percent respectively, according to the data provided by Coinmarketcap.

        BNB Price Chart, Source: Coinmarketcap
Since mid-December, Binance’s native currency BNB has been on an upward movement and now the launch of Binance DEX has given the 10th largest cryptocurrency another boost. As a result, BNB has made a new all-time high (ATH) in the BTC market.
The post Binance DEX Testnet Launched, BNB Breaks into a New ATH in BTC Market appeared first on Coingape.
Source: CoinGape

Binance Coin Controversy: Love it or Hate it BNB Keeps Climbing

As expected when a two day rally occurs on crypto markets there is the inevitable correction. Total market capitalization and daily volume has fallen back as day traders take profits and top performing crypto assets start to cool off and fall back. There are a couple however that are defying this much repeated market movement and continuing to climb at the moment.
Binance Coin Crushing the Competition
The crypto asset holding above the rest and continuing to surge at the time of writing is Binance Coin. In less than a week BNB has made and held an epic 30% climbing from less than $8.50 last week to $11 before dropping a little to today’s price just below it. On the day BNB is up 13.5% as it outshines every other altcoin in the top fifty.

Binance Coin: Which bear market?
New ATH while everybody else is scraping the bottom. Have to say I missed on this one, mostly because I was listening too much FUD. $BNB pic.twitter.com/eG5rEGzEWF
— johnyqi (@JohnyQi) February 19, 2019

Daily volume has surged from $80 million to over $134 million, most of that over the past 12 hours. With Binance being the top exchange it stands to reason that BNB would possibly act like a stablecoin when traders are taking profits. If their trades are taken in BNB pairs, its volume and price will increase when they’re pulling out of other coins, which is what has been happening over the past few hours. Some have tried to decipher the controversy surrounding BNB with lengthy tweets;

0/ There has been a lot of controversy and confusion around $BNB (Binance Coin) recently. This isn't unwarranted considering it doesn't look like traditional tokens/financial instruments. In this thread, I will attempt to elucidate
— Andrew Kang (@Rewkang) February 17, 2019

Not all are convinced about Binance Coin though with some observers calling it a ‘manipulated Ponzi scheme controlled by one man’ on twitter. Others are equally critical of BNB labeling it as a centralized security token;

Reminder that BNB is a centralized security token for an exchange that is actively breaking US laws. You also have to trust that binance is reporting their financials accurately.
BNB could become worthless without warning due to gov action, exit scam, fraud, or theft.
— Matt Odell (@matt_odell) February 13, 2019

Either way Binance Coin is one of today’s top performers and since the beginning of the year has made a staggering 83% gain.
Stellar Flips Tron Showing Small Gains
Stellar has been losing momentum for quite a while now as it slipped down the market cap charts. Today however it has regained a place, flipping Tron for eighth spot at the time of writing.

With a further 5% gained on the day XLM has reached $0.088 with a market cap of around $1.68 billion, enough to pass TRX which is currently on $1.65 billion as it loses 1.5% in the correction. Tron has enjoyed a lot of momentum recently and has been one of the top performing altcoins this year with a gain of over 30% since January first. Stellar on the other had has been in decline, losing 22% in the same period. Stellar has a strong dev team with a lot of project updates so the lack of momentum recently is a little perplexing.
Maker is the other crypto asset that has shown impressive gains in recent weeks, climbing a further 10% on the day and 23% since the same time last week.
Image from Shutterstock
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Binance Coin [BNB] biggest gainer in the top 10 as Stellar Lumens [XLM] overtakes Tron [TRX]

The cryptocurrency market saw a massive pump on 19 February, with over $10 billion added to the collective market cap and coins like Ethereum [ETH], EOS and Bitcoin Cash [BSH] skyrocketing ahead. The top cryptocurrency Bitcoin also surged past the $3,900 mark for the first time since January. However, as the bulls began to subside and the correction ensued, only a few coins managed to ride the green wave and among them, were Binance Coin [BNB] and Stellar Lumens [XLM].
A new entrant into the top 10, Binance Coin has yet again surged ahead, just two weeks after another isolated rise saw it overtake Bitcoin SV [BSV] to break into the elites.
Binance Coin is currently trading at $10.81, a whopping 17.21 percent increase compared to its price at the beginning of the week. This price bump is not a recent phenomenon for the coin, as BNB’s price has been on a strict uptrend since the beginning of the month when it was priced at $6.19. Since the start of February, the coin has been riding a bullish wave surpassing heavyweight coins like Cardano [ADA], Monero [XMR] and Bitcoin SV [BSV].
In terms of market capitalization, the coin has seen a massive uptick since the month began. On February 1, BNB’s market cap was valued at just under $800 million and within six days, the coin broke past the elusive $1 billion mark. Since then, the coin has managed to add over $500 million to its market cap. At press time, the market cap of the coin stands at $1.52 billion.
Binance Coin finds the majority of its trading volume on its native exchange Binance, via the following trading pairs, BNB/USDT and BNB/BTC, accounting for $54.81 million or 10.82 percent and $33.34 or 24.71 percent BNB trade volume respectively. Taking the third and fourth spots is P2PB2B, via the trading pairs, BNB/BTC and BNB/USD.
Source: Trading View
Stellar Lumens has also managed to make significant strides in the market. The coin saw its worst decline for over a year at the end of January when the market cap slipped down to $1.59 billion and the price fell by over 31.26 percent in just one month. Following its recent surge, however, Stellar Lumens has overtaken Tron [TRX] to take the eighth spot on the market as the latter declined against the US dollar by 1.42 percent. The gulf in terms of the market cap between the two coins currently stands at just above $30 million.
XLM is still recovering from the January low but has managed to keep its head above the water as surrounding coins begin to drown. The coin has risen against the US dollar by 5.23 percent, second only to the aforementioned Binance Coin. Stellar Lumens is currently trading at $0.0883, a massive 11.6 percent price increase since the beginning of the week.
The market cap of the coin has surged to $1.69 billion. However, the signs are not all positive for Stellar Lumens as market movements point to a bearish wave with the market cap falling from an earlier high of $1.73 billion.
Source: Trading View
The post Binance Coin [BNB] biggest gainer in the top 10 as Stellar Lumens [XLM] overtakes Tron [TRX] appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Market Wrap: A Few Survivors As Markets Correct

Market Wrap
Crypto markets starting to pullback; BNB, Maker and Stellar are keeping in the green, BCH, and Ethereum starting to slide.
Crypto markets have started to correct as expected after a two day buying bonanza. Volume and market capitalization has pulled back a little as traders start taking profits. The next few days will be crucial in determining if recent gains can hold.
Bitcoin hit resistance in an intraday high at $4,010 a few hours ago and, as predicted, pulled back to $3,940 where it currently trades. This is pretty much where BTC was yesterday after testing the same resistance level indicating further losses could be coming soon.
Ethereum, after a very strong rally, has dropped 3% on the day as it corrects. ETH is currently trading at $142 and the gap to third has decreased back to $1.6 billion. XRP has remained stable on the day and is still at $0.323.
In the top ten, Binance Coin is running away with it as a further 12% is added on the day. BNB touched $11 before falling back to $10.80 where it currently trades. The only other altcoin defying the pullback is Stellar which has made 4% enabling XLM to flip Tron for eighth place. The rest are in decline with Bitcoin Cash dropping the most at 4%, back to just above $140.
Most altcoins are also correcting in the top twenty during today’s Asian trading session. One making an opposite move is Maker which has had a lot of positive momentum lately. MKR has added a further 8% on the day moving ahead of NEO in sixteenth to trade at $620. Everything else is dropping a percent or two.
Storj has entered the top one hundred with a fomo driven pump of 15% at the time of writing. WAX is up and down like a yoyo, today pumping again with 13%. Binance Coin is the other top performer at the moment. There is only one double digit dump with REPO dropping 11% at the messy end of the table. ODEM is also having a bad day with a 9% dump.

Total crypto market capitalization is holding above $130 billion but falling back slowly. After hitting a peak of $136 billion markets are now in decline as volume shrinks back to $30 billion during the selloff. Since last Wednesday markets have made 9% but the big question now is will these gains hold or is a big dump about to start again.
Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals
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Crypto Market Eyes Additional Gains: BNB, EOS, Bitcoin Cash, Tron (TRX) Analysis

The total crypto market cap traded towards the $132.5B level and later corrected lower.
EOS price traded above the $3.50 resistance and it is currently consolidating gains.
Binance Coin (BNB) rallied more than 10% and broke the $10.00 resistance area.
Bitcoin cash price is placed nicely above the $140 support, with a bullish bias.
Tron (TRX) price failed to stay above the $0.0250 support and later declined.

The crypto market started a downside correction, but it remains supported. Dips in bitcoin (BTC), Ethereum (ETH), Binance coin (BNB), BCH, ripple, EOS, TRX and ADA are likely to find buyers.
Bitcoin Cash Price Analysis
Bitcoin cash price gained traction recently and broke the $135 and $140 resistances against the US Dollar. The BCH/USD pair even traded above the $145 level and later started a downside correction. On the downside, the key supports are near $142 and $140, below which the price might test the $135 support.
On the upside, an initial resistance is near the $145 level, above which the next hurdle for buyers is at $148 and $150. In the short term, there could be range moves, but the price is likely to gain further above $145.
EOS, Tron (TRX) and BNB Price Analysis
EOS price gained a strong bullish momentum above the $3.00 resistance area. It broke the $3.25 and $3.50 resistance levels to register heavy gains. At the moment, the price is consolidating above the $3.50 support, with resistances near the $3.62 and $3.70 levels.
Tron price moved above the $0.0250 resistance level, but it failed to hold gains. TRX price topped below the $0.0255 resistance and later declined below the $0.0250 support. The price is down more than 2% and it seems like it could retest the $0.0245 support area in the near term.
Binance coin (BNB) rallied recently above the $9.50 and $10.00 resistance levels. BNB price gained more than 10% and even surpassed the $10.50 resistance. The next major hurdle for buyers is near the $11.00 level, above which the price might eye a test of the $12.00 level.

Looking at the total cryptocurrency market cap hourly chart, there was a strong upward move above the $120.0B and $125.0B resistance levels. The market cap even broke the $130.0B resistance level and tested the $132.5B level, where it faced resistance. Later, it started a downside correction and declined below $130.0B. However, there are many supports near $126.0B, $125.0B, and a bullish trend line on the same chart. Therefore, as long as the market cap is above $125.0B, dips in bitcoin, ETH, tron, litecoin, EOS, ripple, ADA, stellar, BNB, BCH, XMR and other altcoins remain supported in the coming sessions.
The post Crypto Market Eyes Additional Gains: BNB, EOS, Bitcoin Cash, Tron (TRX) Analysis appeared first on NewsBTC.
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Ethereum Price Jumps More Than 10% on All-Green Crypto Monday

CoinSpeaker

Ethereum Price Jumps More Than 10% on All-Green Crypto Monday

The overall cryptocurrency market posts steady recover on Monday with Ethereum taking the lead by surging over 10%. Take a look if today’s surge sets up the base for the long term recovery.

Ethereum Price Jumps More Than 10% on All-Green Crypto Monday

Continue reading at Coinspeaker
Source: CoinSpeaker

The “Secret” of Binance’s Success and What makes BNB a “Hot” Investment even at ATH: Crypto Analysts share

Launched in July 2017, Binance is the biggest cryptocurrency exchange today. According to the Coinmarketcap, in the past 24-hours it has been managing the daily trading volume of $554 million. Though the trading volume has dropped in response to the ongoing crypto winter, Binance is still maintaining its first place. But how?

It is definitely “Buidl” as Binance CEO, Changpeng Zhao has emphasized on every occasion and this time was no different, “Not humbly, luck, and a LOT of hard work, by the whole team (CEO still working 1:30 AM on a Sun morning, and the team is online), Binance Angels (pure volunteers, not paid), and supporters like the commenters in your tweet…”
However, the crypto community further elaborated on the factors that make Binance so likable among the crypto space.
One Binance enthusiast said in part, “to answer your question on a personal level, Binance released a version of their app that affected color blind people like me. I tweeted to them, they listened and released another version 48 hours later,” which is impressive, to say the least.
Binance CEO himself plays an important role in this as he is the main force behind this exchange along with the team that as he says together focuses on customer services, funds safety or SAFU, and a long list that crypto trader Alex Kruger further shares.

What makes BNB a “Hot” Investment even at AT
It’s not only Binance that is defying the bears of the market as we reported recently rather the native currency of the exchange is making equally impact and gains. Recently, the 10th largest cryptocurrency, BNB reached its all-time high (ATH) against BTC a few days back at $0.0026.

BNB price chart, Source: Coinmarketcap
Since mid-December, Binance Coin (BNB) has been on a rise reaching from $4.52 to $9.58 but is still over 60 percent down from its all-time high in the USD market. But it could be expected that BNB would reach another peak before any other cryptocurrency in the market in the light of various developments going on as pointed out by crypto trader Moon Overlord.

I can’t really recommend buying at an ATH but $BNB might be a rare exception.
– Binance launchpad ICOs are only contribuable in $BNB
– $BNB launching it’s own chain soon (moving off $ETH / ERC20)
– Binance DEX launching soon
– Binance DEX listing fee, yep you guessed it – $BNB pic.twitter.com/TasQCHWrjl
— Moon Overlord (@MoonOverlord) February 16, 2019

Binance Launchpad has already taken a flight with the sale of BitTorrent (BTT) while Binance DEX is scheduled for public testing on February 20th as we reported with $20,000 as a listing fee that would be in BNB.
The post The “Secret” of Binance’s Success and What makes BNB a “Hot” Investment even at ATH: Crypto Analysts share appeared first on Coingape.
Source: CoinGape

Binance Coin [BNB] pumps by over 6% as most other top-10 tokens face slump

The cryptocurrency bear market is stronger this time as most of the major coins are undergoing major changes almost every day. However, Binance Coin has taken advantage of the bear’s lose grip and has jumped by over 6%.
Source: Trading view
At the press time, BNB, was valued at $9.47, with a market cap of $1.3 billion. The coin registered a 24-hour trading volume of $85 million while registering 6.80% growth over the past day. The coin, however, has fallen by 0.25% after surging due to market correction. The coin has registered a growth of 16.58% over the past seven days.
Binance Coin [BNB] registered a volume of $29 million with the BNB/USDT pair on Binance. The second position in terms of trade was on the BNB/BTC pair, with a trade volume of $21 million. The third place was taken by P2PB2B, with a volume of $6 million on the BNB/BTC pair.
Looking at the growth in the coin’s price, Binance’s CEO Changpeng Zhao, or popularly known as CZ, tweeted:
“…18 months ago, 3 weeks after launch, $BNB at ATH, price is 1/50th of what it is now, 4 coins traded on @Binance. The tweet has 2 comments (as of this writing). Keep #buidling!”
Binance Coin was recently added on another medium, SpendApp, which will enable BNB holders to buy/sell the token with their account. Spend.com shared this news on Twitter by stating:
“#Binance Coin is now available on the #SpendApp. Buy/Sell $BNB with your bank account. Exchange $BNB with all supported assets. Spend $BNB at 40+ million locations with the Spend Wallet by instantly converting to fiat with the #Spend Visa® Card!@cz_binance @binance @Teddy_Lin”
Binance exchange is the largest exchange in terms of trading volume and recently, the CFO of the company, Wei Zhou, claimed that business is still profitable instead of the bear ravaging the market.
The post Binance Coin [BNB] pumps by over 6% as most other top-10 tokens face slump appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Market Wrap: Could Binance Coin Flip Stellar (XLM) Soon?

Market Wrap
Crypto markets continue consolidating; Litecoin back in fourth, BNB, XLM and NEM moving, Maker falls back.
Movements have been minimal on crypto markets as we round out another week. The good news is that gains made this time last week have held for now but signs of further upward motion have not materialized. Total market capitalization has remained over $120 billion as the consolidation continues.
Bitcoin is range bound in a very tight channel at the moment between $3,600 and $3,650. It has not changed in price since the same time yesterday but has consolidated above support levels so could move higher in the short term.
Ethereum is still flat at $123 with zero movement over the past few days. Momentum is expected as Constantinople draws closer next week. XRP is holding $0.30 and also range bound, the gap between the two remains at $300 million.
There is not much to report in the top ten during the day’s Asian trading session. Litecoin has re-flipped EOS and taken fourth place back with a 2.5% gain to $43, though the gap between them is negligible. Binance Coin is yet again the top mover here with 4% added and a rare blip by Stellar has sent XLM up 2.5% on the day – the gap between the two is now only $200 million.
NEM has made the biggest move in the top twenty with 5% as the organization restructures and moves forward with the project. Very little else is going on and a few such as Monero, Maker, and Zcash are falling back 3% or so.
Crypto.com’s MCO token its getting today’s fomo spike with a 26% jump as Singaporean crypto credit cards gather steam. Tezos is also having a good Friday with 8% added on the day. At the red end of the top one hundred is MOAC dumping 10% and yesterday’s pumped Komodo dropping 7%.

Total market capitalization dipped back to $119 billion but has recovered to the same level as yesterday, $120 billion. The sideways motion continues and there is very little going on with markets at the moment. Gains made in last Friday’s big pump have held for the week leaving markets at the same place they were this time last month.
Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals
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Crypto Market at Key Turning Point: BNB, EOS, Bitcoin Cash, Tron (TRX) Analysis

The total crypto market cap seems to be struggling near the $118.0B and $119.0B resistances.
EOS price started a downside correction and declined below the $2.85 support level.
Binance Coin (BNB) is performing nicely and it is currently up around 2.5% to $9.20.
Bitcoin cash price is currently consolidating above the $122 support level.
Tron (TRX) price broke a key support and settled below the $0.0250 level.

The crypto market is facing an uphill task, with bearish moves. Therefore, there is a risk of bearish reaction in bitcoin (BTC), Ethereum (ETH), Binance coin (BNB), BCH, ripple, EOS, TRX and ADA.
Bitcoin Cash Price Analysis
Bitcoin cash price struggled to stay above the $125 resistance level and later declined against the US Dollar. The BCH/USD pair moved below the $124 level and tested the $122 support. The pair is currently consolidating above the $122 support, with the next immediate support at $120.
If there is a fresh upward move, the price could face a strong resistance near the $125 level. On the downside, a break below the $120 support level might spark heavy bearish moves in the near term.
EOS, Tron (TRX) and BNB Price Analysis
EOS price rallied recently and traded towards the $2.95 and $3.00 resistance levels. Later, it started a downside correction and traded below the $2.85 and $2.80 support levels. The next key support is near $2.75 and $2.72, where buyers are likely to emerge.
Tron started failed to stay above the $0.0270 and $0.0265 support levels. TRX price declined recently and broke the $0.0255 and $0.0250 support levels. The price is currently trading near the $0.0240 level, with an immediate support at $0.0235. The main resistance is at $0.0255 (the previous support level).
Binance coin (BNB) performed really well in the past few days and rallied above the $8.00 and $9.00 resistance levels. BNB even traded above the $9.50 level and later corrected lower. The price is currently trading above $9.10 and it seems like it could revisit the $9.50 resistance in the coming sessions.

Looking at the total cryptocurrency market cap hourly chart, there was a downside correction from well above the $120.0B level. The market cap declined below the $118.0B support and tested the $115.0B support. It is currently consolidating in a range, plus facing a strong resistance near the $118.0B and $119.0B levels. As long as the market cap is below the $118.0B and $119.0B levels, there is a risk of a downside reaction. On the downside, a break below the $115.0B support could spark bearish moves in bitcoin, ETH, tron, litecoin, EOS, ripple, stellar, litecoin and other altcoins in the near term.
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