Binance Coin (BNB) Price Rises Above $20 on Genesis Block Launch Expectations

Cryptovest

Published Apr 18, 2019 04:35AM ET

Updated Apr 18, 2019 05:42AM ET

Binance Coin (BNB) Price Rises Above $20 on Genesis Block Launch Expectations

Binance Coin (BNB) is on track to repeat its dollar-denomination record, after setting new peaks for 2019 above $20. The triggering event for the new price rally was the announcement of an upcoming launch of the Genesis block for the Binance Chain, a long-promised proprietary network.

https://twitter.com/binance/status/1118727206123892736

Following the news, BNB rose to $20.56, spiking sharply in the early morning hours of Asian trading. The asset added around 5% net in the past 24 hours, with a recent peak at $20.86. Trading volumes also reached a temporary peak above $250 million’s eq...