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Verge (XVG) Price Spikes After Huobi Announces Listing

  • Yuri Molchan
    📰 News

    The exchange to add the coin paired with BTC and ETH on August 1st


Verge (XVG) Price Spikes After Huobi Announces Listing
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This morning, July 31, Verge (XVG), a coin focused on privacy issues, spiked by over five percent, despite the surrounding domination of sellers. The reason is that one of the biggest crypto exchanges Huobi has publicly stated its plans to list XVG.

XVG launch on Huobi

The platform is to start XVG trading on Aug. 1st at 07.00 UTC. The coin will be paired with BTC and ETH, the top virtual currencies. Deposits have already been enabled for the users.


The announcement in Twitter by Huobi has been made just recently.

 

Verge current market position

Yesterday, when the exchange announced the future support of XVG, the coin jumped and started trading at $0.025, rising over five percent.

Currently, Verge takes position 35 by its market cap in the list of top 100 coins. Over the last day, XVG trading volume increased, exceeding $31 mln– this happened mainly on three exchanges: Binance, UpBit and Bittrex.

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Verge was founded back in 2014, initially bearing the name of Dogecoindark project. Earlier this year the platform was attacked twice. One of the hacks was a 51 percent attack. Back then the hackers gained over half of the computing power to start mining the coin.

Other coins that jumped after listing

The trend is that all altcoins start growing after being added to big crypto exchanges. This has happened to several digital assets recently.

Among them is a little-known coin Dock, added by Binance, Stellar, ahead of being listed on Huobi, Holo (HOT), listed by Binance exchange, etc.

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

  • Alex Morris
    📰 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 exchange’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.

‘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,’ 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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