Tuesday, April 13, 2021

Binance Coin regains $400 price level as its market cap crosses $60 billion.

The Takeaway:

Binance Coin regained the important price level of $400 today after the cryptocurrency posted a strong recovery from the recent correction.

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The world’s 3rd leading cryptocurrency, Binance Coin (BNB), regained the price level of $400 on Thursday after the crypto asset posted a strong recovery from the recent correction. At the time of writing, Binance Coin is trading near $402 with a more than $61 billion market cap. According to the latest data published by Coinmarketcap, Binance Coin is up by nearly 30% in the last seven days. 

 

BNB remains among the top 3 best-performing cryptocurrencies.

As of the press time, Binance Coin remained the best-performing cryptocurrency among the top 3 digital assets. Binance Coin touched an all-time high of $412 on 7 April 2021. BNB’s price saw a dip of approximately 10% on the same day but recovered quickly to regain the price level of $400. Binance Coin was trading at near $37 at the start of this year. The digital currency has since then posted more gains than Bitcoin and Ethereum in the last 12 weeks. Binance Coin recently crossed the market cap of $50 billion after a significant surge in demand from retail traders.

 

Binance CEO revealed almost 100% of his net wealth is invested in crypto.

As reported earlier, Binance CEO Changpeng Zhao remained vocal about his views on Bitcoin and other digital currencies. In a recent interview with Bloomberg, Zhao revealed that almost 100% of his net wealth is invested in crypto. “I don’t own any fiat. The physical stuff that I own is probably negligible in terms of my net worth. So, this is a conceptual shift. I’m not using crypto to buy fiat; I’m not using crypto to buy houses. I just want to keep crypto. And I don’t plan to convert my crypto into cash in the future,” Binance CEO said.

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Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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