Crypto Binance Coin BNB, The Most Powerful Crypto

Lutfi

Crypto Binance Coin BNB Most Powerful Crypto
Crypto Binance Coin BNB Most Powerful Crypto

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

On Thursday (9/12), BNB rose 5,64 percent to US$607,74 per chip, according to data from coinmarketcap.com. However, BNB still weakened 2,66 percent this week.

XRP, a cryptocurrency listed under the ticker BNB, rose 5,02 percent to a low of US$0,8581 per chip. The weakening strengthening was unable to stop the decline that occurred in the previous week.

The reason for this is that XRP has lost 12,80% in the last week. In third place, there was Ethereum (ETH) which increased 1,55 percent to US$4.386,06 per chip.

ETH's strengthening was also unable to cover the weakness that occurred during this kick. Because ETH has lost 4,22 percent in the past week.

How Much Is Binance Coin BNB Coin Supply?

BNB was initially issued as an ERC-20 token running on the Ethereum network, with a total supply limit of 200 million coins and 100 million BNB offered in the ICO. However, ERC-20 BNB 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 rise to $191,30 per chip was seen in SOL at the same time. The weakening of SOL from 16,37 percent to 16,37 percent over the past week was not sufficiently offset by the strengthening.

Unfortunately, a number of cryptocurrencies weaken in value when the market is strong. One of them was Bitcoin, which fell 1,5% to a value of $49.881.68 USD.

With 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 Coin Supply

Both cryptocurrencies have been slow in the previous 24 hours. When it comes to SOL, it weakened 0,30 percent to the chip level of $190,89. Meanwhile, ADA weakened 0,72 percent to US$1,37 per chip.

For your 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 players.

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 Physical Market Trading of Crypto Assets (Crypto Assets) on the Futures Exchange.

Conclusion:

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

Binance Coin leads in terms of gains (BNB) However, BNB is still down 2,66 percent this week. A number of cryptocurrencies weaken in value when the market is strong. One of them was Bitcoin, which fell 1,5% to a value of $49.881.68 USD.

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Lutfi

Hi, let me introduce myself, Lutfi Hulasoh, I am a writer and techno blogger. I started creating a personal blog writing informative articles about the latest trends and developments in technology. My writing covers a wide range of topics, from mobile applications to artificial intelligence, and I can also provide easy-to-understand explanations to help readers understand complex concepts.