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Bitcoin Cash (BCH) and Litecoin (LTC) Kick Off the Week on a Bullish Note. Will Other Top Coins Follow Suit?

  • Alex Morris
    ๐Ÿ“ฐ News

    BCH and LTC yet again outperform Bitcoin and other altcoins when the bulls persist


Bitcoin Cash (BCH) and Litecoin (LTC) Kick Off the Week on a Bullish Note. Will Other Top Coins Follow Suit?
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Throughout the weekend, the cryptocurrency market remained in limbo (as it usually does), but Bitcoin Cash and Litecoin are already getting significant traction this Monday with both registering nearly double-digit week on a bullish note. Meanwhile, Bitcoin is vying to break above the $5,200 level.
 

CoinMarketCap: Cryptocurrencies are up across the board


(CoinMarketCap: Cryptocurrencies are up across the board)  

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BCH and LTC boast the biggest gains

Bitcoin Cash and Litecoin are at it again. After witnessing unprecedented growth during the big crypto rally at the beginning of April, they are driving the cryptocurrency market this Monday. The most recent price spike allowed BCH to breach the $300 mark yet again.

It worth noting that the total market capitalization of Roger Verโ€™s darling has also surpassed $5 bln, occupying fourth spot on CoinMarketCap. Meanwhile, Litecoin, the fifth biggest coin that recently recorded its highest price since June 2018. LTC is currently trading at $83.71.   

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Other top coins are also in the green

Overall, there is a bullish sentiment in the broader cryptocurrency market with the whole CMC top 10 (save for Tether) remaining in the green. At the time of writing this article, the BTC price is sitting at $5,191 with a 2.37 percent price increase over the last 24 hours. As predicted, its price is now gradually recovering after a minor correction, so $5,350 could be definitely a possibility in the short-term.

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Crypto Wonders: Binance Coin (BNB) Hits Its New ATH, Surpassing Its January 2018's Peak

  • Alex Morris
    ๐Ÿ“ฐ News

    Binance Coin is so far the second cryptocurrency (after EOS) that managed to rebound after January 2018's drawdown


Crypto Wonders: Binance Coin (BNB) Hits Its New ATH, Surpassing Its January 2018's Peak
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After surging by more than 14 percent over the last 24 hours, Binance Coin has managed to surpass its previous ATH that was recorded during the peak of the bull market in January 2018, according to the data provided by CoinMarketCap (CMC). The historic rally was triggered by numerous recent developments inside the exchangeโ€™s ecosystem.  

Binance Coin, CoinMarketCap
Binance Coin continues to register double-digit gains, image by CoinMarketCap

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BNB makes history

At the time of writing this article, the price of the BNB token is at $24.65, rising above its previous ATH of $24.46 that was recorded on Jan. 12. Hence, Binance Coin, the seventh largest cryptocurrency by market capitalization, becomes only the second asset to reach a new price peak after the crash of the speculation-driven bull market. EOS, which is sitting one spot above BNB on CMC, achieved a similar feat in May 2018.

โ€˜Binance Coin is outpacing the overall crypto market. While Bitcoin is off 75% from its all-time-high, Binance Coin has recovered. There is fundamental growth and synergy taking place that is contributing to the rising price of Binance Coin,โ€™ says BitBull Capital CEO Joe DiPasquale.

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Pumping other coins

On Apr. 18, Binance launched the mainnet of its custom Blockchain Binance Chain. The migration of BNB tokens from Ethereum to Binance Chain is scheduled to take place on Apr. 23. This is going to be the second largest token swap in history.

Binance, which is now completed with Ethereum, has already on-boarded some Blockchain projects, including Mithril (MITH) that experienced a 70 percent price pump after its launch on Binance Chain.

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