BNB Spikes 33% Within 24 Hours as Crypto Market Starts to Regain: Here Are Likely Reasons
Binance Coin (BNB) has displayed a spike of 33% since yesterday, and the head of Binance, CZ, noted it in his recent tweet, typing "BNB."
In the meantime, the transaction volume on the BNB Chain has soared to a high last seen nearly half a year ago. XRP, ADA, and SOL have also recovered to within 15-20%.
Image via TradingView
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BNB recovers by 33% as its transaction volume soars
Since last morning, the native cryptocurrency of the Binance exchange, BNB, ranked fourth on CoinMarketCap, has added a whole 33% to its market value. At press time, the coin is trading at $305, climbing from $230 to that level.
Before that, on April 20, BNB began to decline from the $428 zone, reaching a low of $227 on May 12....