Binance Coin Reaches $10 once again as integrations grow to include over 35 services.
Binance Coin (BNB) has rallied by almost 5% today to cross the $10 mark for the second time this week, after dropping under $10 in October 2018. The first rally came during the overall surge led by Ethereum this month, but today’s rise comes as a bit of a surprise given how most other coins are still recovering from the February 24/25 drop.
After reaching its all-time high of $24 in January 2018, BNB dropped as low as $4.50 in December 2018. However, this month, it rose to a high of $11 before dropping under $10 briefly.
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Binance Coin is now compatible with over 35 different services and is supported by all major wallets.
While BNB was initially introduced to incentivize users by cutting down trading fees, it has since grown its presence among several platforms.
Interestingly, Binance has also gone on to become the largest token on the Ethereum blockchain, in terms of market cap, followed by Maker, which is an achievement in itself.
Meanwhile, Ethereum itself has seen a major recovery this month, rising from around $100 to over $164 before correcting this week to the $138 – $140 range. Currently, the Constantinople hard fork is expected within the next 24 hours, which will decrease ETH mining block reward to 2 ETH as the network plans to move to a proof-of-stake model.