Crypto Binance Coin BNB, Most Powerful Crypto

Rancakmedia.com – Binance Coin BNB leads the way in terms of profits. The majority of the top ten cryptocurrencies have experienced increases in price over the previous 24 hours, with one exception.

On Thursday (9/12), BNB was up 5.64 percent to US$607.74 per chip, according to data from coinmarketcap.com. However, BNB is still down 2.66 percent this week.

XRP, the cryptocurrency listed under the ticker BNB, rose 5.02 percent to a low of US $ 0.8581 per chip. The weakening of the strengthening was unable to stop the decline that occurred the previous week.

The reason for this is XRP has lost 12,80% in the past week. In third place, Ethereum (ETH) increased 1.55 percent to as low as US$4,386.06 per chip.

ETH's strength was also unable to compensate for the weakness that occurred during this kick. Because ETH has lost 4.22 percent in the past week.

How Much is Binance Coin BNB Stock?

BNB was initially issued as an ERC-20 token running on the Ethereum network, with a total supply cap of 200 million coins and 100 million BNB offered in the ICO. However, BNB ERC-20 coins were exchanged for BEP2 BNB in a 1:1 ratio in April 2019 with the launch of the Binance Chain mainnet.

A 0.12 percent gain to $ 191.30 per chip was seen in SOL at the same time. The weakening of the SOL from 16.37 percent to 16.37 percent over the last week was not sufficiently offset by the strengthening.

Unfortunately, a number of cryptocurrencies lose value when the market is strong. One of them is Bitcoin, which fell 1.5% to a value of $49.881.68 USD.

Given that weakness, Bitcoin has plunged 12.49 percent over the previous week. The same fate befell Solana (SOL) and Cardano (ADA).

How Much is Binance Coin BNB Supply

Both cryptocurrencies have been slow in the previous 24 hours. When it came to SOL, it was down 0.30 percent to the $ chip level of 190.89. Meanwhile, ADA weakened 0.72 percent to a level of US$1.37 per chip.

For information, crypto assets are still prohibited as a means of payment in Indonesia. However, crypto is a futures exchange commodity, so it doesn't matter as long as it is used as an investment or as a commodity that is exchanged by market participants.

Crypto assets are regulated by the Commodity Futures Trading Supervisory Agency (Bappebti) of the Ministry of Trade with CoFTRA Regulation Number 8 of 2021 concerning Guidelines for Trading in the Physical Market for Crypto Assets (Crypto Assets) on Futures Exchanges.

Conclusion:

The majority of the top ten cryptocurrencies have experienced increases in price over the previous twenty-four hours, with one exception.

Binance Coin leads the way in terms of gains (BNB). However, BNB is still down 2.66 percent this week. A number of cryptocurrencies lose value when the market is strong. One of them is Bitcoin, which fell 1.5% to a value of $49.881.68 USD.

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