Binance Coin trades at a record high: $36.50, up 6% after Launchpad reveal

20 Jun, 2019
by Manshi Soneji Mamtora
Price Action
Binance Coin trades at a record high: $36.50, up 6% after Launchpad reveal

Binance coin breaks its all-time-high crossing $36.5, up 6% for the day. The Launchpad announcement and KuCoin listing being the major contributing factors

Binance Coin, BNB saw its prices touch an all-time high level on June 20, after surging about 6% for the day. The coin has bagged a gain of almost 16% since the beginning of June and about 260% rise in the last three months.

BNB/USD Chart provided by Tradingview

This hike is followed by the listing of Binance Coin on the Singapore-based KuCoin exchange and also with Binance announcing the introduction of Elrond project on Binance Launchpad. Elrond is the sixth token on Binance launchpad focused on security, scalability, and efficiency. Binance coin would be one of the most attractive feathers on KuCoin cap, with Binance currently at number seven according to market capitalization.

 Binance has seen massive gains over the past year, compared to the bears in 2018, it is up almost 900% in a year. The growth trajectory of BNB has been steep and its recent all-time-high gathered quite some reactions on twitter.

Do you think Binance has more potential in the coming weeks? Let us know in the comments below.

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