Binance Coin BNB: What’s Propelling Massive Price Movement?

Binance will issue its token coin, called the Binance Coin (BNB). A strict limit of 200MM BNB will be created, never to be increased. BNB will run natively on the Ethereum blockchain with ERC 20.
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Binance Coin BNB: What’s Propelling Massive Price Movement?

Thu Mar 15, 2018 8:18 pm

The imminent launch of the Binance Chain, a blockchain platform for one of the world’s largest cryptocurrency exchanges Binance, is the first among 2018 goals that will push Binance Coin [BNB] value to its new all-time high.

In a blog statement, the news of Binance’s plans to transform the exchange from a company to a community immediately pushed the daily volumes of BNB to over $123 million from a low of $51 million in the morning. Its price also shot up to trade at $11.00 after starting off at $9.07 on Tuesday. This is despite BNB prices trading sideways for much of the week. And today, the volume traded has already hit over $220 million, representing almost 90% increase. ... -movement/

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