Binance Coin spits on bears

Considering that at the moment the prices of all cryptocurrencies are falling, there is nothing particularly to be happy about. Binance Coin holders think differently as the price of their token is certainly moving in the right direction. In particular, the value has increased by 2.77% over the past 24 hours, which means that this cryptocurrency is the only one in the top 20 that shows positive growth.

It is also interesting to note that BNB has grown significantly in pairs with BTC and ETH - by 6.24% and 6.36%, respectively. If this trend continues, the price of Binance Coin could reach $15 today. 

24 hour BNB sales volume is $10.815 million. This is obviously not the most liquid market, but this volume seems sufficient to maintain the growth trend. Holders are praying to the god of sales that the volume will rise a little more and Binance Coin will reach its maximum.

Since Binance dominates the trading volume of the BNB token - for obvious reasons - it is also interesting to look at what markets are still popular. BTC, USDT and ETH are leading the way, with every other market trading under $1 million in the last 24 hours. It will be interesting to watch the rankings develop, since the BTC and USDT markets are not that far from each other. 

It is still difficult to predict whether the price of Binance Coin will continue to rise, since conventional technical analysis is not applicable to this coin. But this is certainly not excluded, given the positive vector of price movement over the past couple of hours. However, it will be difficult for this token to continue to avoid the bearish trend affecting the entire market.

According to https://themerkle.com