Binance Token Enters List Of Top Ten Cryptocurrencies
Binance Coin (BNB), issued by the largest exchange Binance, burst into the top ten cryptocurrency rating on CoinMarketCap. The price of the token increased by more than 15% in two days and, as of February 7, its capitalization reached $1.16 billion.
It should be noted that the overall picture of the digital currencies market has also improved slightly — at 08:48 (UTC), all the top ten cryptos of the rating, except for XRP and TRON, are in the green zone. The exchange rate of the first cryptocurrency is still around $3400.
Currently, the average market price of BNB is $8.28, which allows the token to remain tenth in the rating, displacing Bitcoin SV.
The reason for this rise allegedly became the latest news from Binance. On the morning of February 6, the exchange announced a new token sale on its ICO platform Launchpad. Earlier, the sale of the BitTorrent coins took place here, during which $7.2 million was collected in 18 minutes.
This time, tokens will be offered by the Fetch.AI project, which combines the advantages of blockchain and artificial intelligence. Last year, the startup conducted a private ICO, collecting $1 million in fiat and another 24,500 in ether.
The second news concerns the release of a new version of the Binance Chain test blockchain, compatible with the Ledger hardware wallet. This network will allow developers to create new cryptocurrencies on the Binance base and conduct ICOs.
Besides, a new decentralized platform Binance DEX is to be launched soon. It will support hardware crypto wallets from the very beginning of the work.
As previously reported, Binance customers received an opportunity to buy cryptocurrencies using credit cards.