Why did the BNB rise by 150% to its highest level in 10 months?

The past few days have been very fruitful for the digital currency markets. With the decline in the past week and seven days of consolidation, many other losses are expected. But fortunately, this did not happen and markets rose again, led by one or two strong performance of two alternative currencies. One was the BNB currency, while its market value rose to over $ 2 billion. It exchanged positions with Tether to finish seventh.

The BNB Bananas currency rose to its highest value in 10 months
The last time the BNB currency exceeded the $ 15 price was in early June 2018. Since then, it has fallen to $ 4.50 in mid-December before returning to current levels. It was one of the best performing digital currencies in 2019 and rose by an amazing 150% this year alone.

This week, the Pennance currency rose 50% from less than $ 10 to more than $ 15, resulting in an increase in its market value of more than $ 2 billion for the first time since the peak of the major digital currencies in January 2018. This performance has enabled The epic of BNB is the heart of the former Steller and Tron. Only yesterday, she beat Tether and took seventh place.

With a further 16% increase over the past 24 hours, the BNB now trades less than $ 200 million on cash. Twitter traders claim and wish a larger upward movement to take big profits.

Strong market fundamentals for the BNB currency
Pennes seems to be one of the few companies to overcome this trend and feel no ill effects from the harsh winter on the sector. Chingbeng Chao, head of the podium team, seems to have taken the initiative instead of Justin Sun to use Twitter as he does not stop sending updates to his channel. He is a great advocate for digital currency, and there is always the fact that the higher the number of Pennes users, the platform has made a bigger profit.

The world’s largest digital currency trading platform has recently received support from the government of Argentina, which has agreed to invest in emerging companies at an early stage supported by the platform’s investment arm. In this week’s announcement, the country’s Ministry of Production and Labor said it would match investments of up to $ 50,000 in each Belgian-Argentine project funded by the Baines labs.

There was also progress in the Decentralized Trading Platform (DEX), which began on a test network two weeks ago. The Pennance currency is already the fuel for trading that allows users to control their portfolios and keys.

It seems that the Pennesian currency can not be stopped at the moment and is proof of the sector’s flexibility and that a solid digital currency project will send it to the moon.


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