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Binance Coin (BNB) Trumps Tron (TRX), Becoming 9th Biggest Cryptocurrency on CMC. Is Stellar (XLM) Next?

  • Alex Morris
    📰 News

    The domination of Binance Coin (BNB) comes as big switcheroo to some, but it seems like this cryptocurrency has no brakes


Binance Coin (BNB) Trumps Tron (TRX), Becoming 9th Biggest Cryptocurrency on CMC. Is Stellar (XLM) Next?
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Binance Coin (BNB), the native token of the number one exchange by trading volume, has experienced an 11.35 percent price spike on March 1. That allowed the coin to reach its new ATH and surpass Tron (TRX) on CMC.
Binance Coin (BNB) Trumps Tron (TRX), Becoming 9th Biggest Cryptocurrency on CMC. Is Stellar (XLM) Next?

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Cracking into the top 10

As reported by U.Today, BNB made it to the CMC top 10 on Feb. 6, surpassing Bitcoin SV (BSV). At that time, the coin’s price was sitting at $8.09, but it has increased to $11.62.      

Shortly after that, the Binance team explained why the coin might be picking up steam. The foray of the exchange into the fiat-to-crypto niche and Binance Launchpad are among the main reasons.

Making major coins worried

Now that Binance Coin (BNB) has trumped Tron (TRX), it has another target in its crossroads — Stellar (XLM). A cursory glance at the market capitalizations of the two biggest currencies shows that the gap is very small, and it’s highly likely that Binance Coin (BNB) will eventually surpass Stellar (XLM) if it keeps its momentum going.          
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Cover image via u.today
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Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader
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It’s been over two weeks since Bitcoin’s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

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Mammoth-size trades

CoinMetrics claims that ‘a single committed trader’ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

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Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

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