BNB surges 11% in anticipation of Binance DEX testnet release

19 Feb, 2019 | Updated: 19 Feb, 2019
by Joeri Cant
Price Action
BNB surges 11% in anticipation of Binance DEX testnet release

Binance's native token, BNB, is in no mood to slow down any time soon. In anticipation of Binance DEX testnet release tomorrow, the coin is showing a massive surge of more than 11%.

Binance, the largest crypto exchange by trading volume, is about to launch the public testnet for its own blockchain, called Binance Chain.

In doing so, this blockchain will power Binance DEX which hopes to become the first decentralized exchange to achieve mass adoption and as a result, Binance Coin will migrate from the Ethereum Network onto Binance Chain, making its new home at Binance DEX, in which BNB will play a prominent part. 

Read more: Binance hours away from launching public testnet of Binance Chain

In anticipation of Binance DEX testnet release BNB it is fair to say that BNB is on a particularly good roll.

BNB has seen a 75% increase in the past month, from $5.52 on the 13th of January, to today’s price of $10.72. In the past 24 hours, BNB has been showing a massive gain of more than 11%.

Read more: 5 reasons why Binance Coin (BNB) is up 75% this month

Twitter user and CNBC crypto trader, Big Cheds, stated that BNB is in no mood to slow down, and seems to be pushing for a brand new bull break.

It is of course no surprise that BNB is standing out, especially with Binance’s focussed view on innovation and future developments.

Read more: 5 Highlights of the interview from Pomp with Binance CEO CZ

The question we have in front of us today, is how far can the number 10 cryptocurrency go?

To the moon of course!

WATCH: 'Bitcoin Bull' Pomp predicts price of BTC in 2019

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