The Token of the day 17/04: Binance

This Tuesday we highlight the Binance Cryptocurrency, which has a promising future in the medium and long-term.

From its ICO to date, Binance has grown enormously and is now among the world’s major exchanges. Currently, it has more than 140 altcoins listed on it, and the number increases as the days go by.

Binance is one of the fastest growing exchanges in the cryptocurrency market, the growing popularity of Binance is due to multiple factors, from restoration to multiple languages, having a clean user interface and most notably, an extremely high performance ( data processing speed).

One of the great innovations of Binance is that it has its own Token, the BNB, which can be used to pay commissions within the platform, as well as to trade it.

From CryptoTendencia we have a high valuation of the project, since in a few months it managed to consolidate itself as one of the most important and large exchange of the ecosystem.

At this time the BNB Token is negotiated around US $ 12, an interesting value to buy, although the most optimal is 10 dollars. This is one of the few digital assets that has the ability to multiply its value several times in the medium term.

In the graph above, it can be seen that BNB recorded its historic maximum at just over US$ 24 at the beginning of the year, currently trading at exactly half.

Binance is ranked 20 in the cryptocurrency ranking, with a market capitalization of US $ 1,387 million.

As we said in other opportunities, one of the disadvantages of Binance is that your BNB Token can only be negotiated in your Exchange. According to CoinMarketCap, it can also be traded in Bancor, although its turnover is very low.

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