{"id":523840,"date":"2023-03-20T19:00:49","date_gmt":"2023-03-20T19:00:49","guid":{"rendered":"https:\/\/wncen.com\/?p=523840"},"modified":"2023-03-20T16:38:14","modified_gmt":"2023-03-20T16:38:14","slug":"binance-coin-bnb-emerges-top-gainer-larger-altcoins","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/binance-coin\/binance-coin-bnb-emerges-top-gainer-larger-altcoins\/","title":{"rendered":"Binance’s BNB Emerges Top Gainer Among Large Altcoins, Here\u2019s Why"},"content":{"rendered":"

While the rest of the crypto market has been in an upward trend over the past week, Binance Coin (BNB) has emerged as the top gainer among all other large altcoins in the crypto market. Over the past week, BNB has seen the <\/span>highest double-digit gain<\/span><\/a> in altcoins up by 17%.\u00a0<\/span><\/p>\n

Though this surge in price comes at a time when the crypto market, in general, is in a bullish trend. BNB has some other distinct factors that have pushed its gains more than other larger altcoins.\u00a0<\/span><\/p>\n

Binance Coin Emerges Top Gainer<\/span><\/h2>\n

According to <\/span>Coingecko<\/span><\/a>, in the last seven days, Binance Coin is the <\/span>top gainer among the top 10 largest altcoins <\/span><\/a>by market cap. Over the same period, Binance Coin has broken multiple resistance pushing for new months\u2019 highs. BNB has moved from a low of $310 on March 10 to trading at $338 on March 20.\u00a0<\/span><\/p>\n

Related Reading: BNB Breaks Above $300 As Bulls Take Control, Is $400 Possible?<\/a><\/p>\n

While BNB price movement can be attributed to the ubiquitous bullish trend in the market, the asset’s recent price action can also be traced to a major catalyst. Last week, Uniswap, one of the largest decentralized exchange (DEX) in the decentralized finance (DeFi) sector, announced its latest deployment on the BNB chain.\u00a0<\/span><\/p>\n

Though analysts have suggested the deployment will boost the on-chain activity of the BNB network. It can also be attributed to one of the potential factors behind BNB\u2019s significant rally in the past 7 days.\u00a0<\/span><\/p>\n

Between March 16 when the announcement was disclosed and March 20 as of today, <\/span>Binance Coin trading volume<\/span><\/a> has moved from ranging of $800 million to more than $1 billion in the past 24 hours. In contrast, the asset has also added nearly $5 billion to its market capitalization over the same period.\u00a0<\/span><\/p>\n

BNB\u2019s market cap currently sits at $53.3 billion as opposed to a value of $48.8 billion seen days before the deployment. Meanwhile, as the US banking crisis has continued to worsen, Binance trading volume has surged in the past week.<\/span><\/p>\n

Binance currently has the highest 24-hour trading volume among other crypto exchanges in the market, according to <\/span>data<\/span><\/a> from Coinmarketcap. The exchange has handled over $30 billion in the past day as opposed to other exchanges in the market such as Coinbase, Kraken, and Kucoin recording a volume below $3 billion.<\/span><\/p>\n

BNB To Continue Rally?<\/span><\/h2>\n

So far, Binance Coin has been doing well from a technical perspective, and according to the asset price chart, its price could continue to soar until it taps into major external liquidity. Looking at the BNB price chart on the 1-day time frame, BNB has just taken major internal liquidity at the $330 region and is looking to tap into the next major liquidity which is a high of $399.<\/span><\/p>\n

Related Reading: BNB Price Surges Over 20% in a Week And Rally Seems Far From Over<\/a><\/p>\n

\"Binance
Binance Coin (BNB) price is moving sideways on the 1-day chart. Source: BNB\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Should BNB go back to its latest high of $346, we could expect another rally to somewhere just above $400. Meanwhile, coming second after BNB among top altcoin gainers in the market over the past week is <\/span>Solana (SOL)<\/span><\/a> and <\/span>Ethereum (ETH)<\/span><\/a>. Both assets have seen a double-digit gain of 14.7% and 13% respectively over the same period.<\/span><\/p>\n

Featured image from Shutterstock, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

While the rest of the crypto market has been in an upward trend over the past week, Binance Coin (BNB) has emerged as the top gainer among all other large altcoins in the crypto market. Over the past week, BNB has seen the highest double-digit gain in altcoins up by 17%.\u00a0 Though this surge in price comes at a time when the crypto market, in general, is in a bullish trend. BNB has some other distinct factors that have pushed its gains more than other larger altcoins.\u00a0 Binance Coin Emerges Top Gainer According to Coingecko, in the last seven days, Binance Coin is the top gainer among the top 10 largest altcoins by market cap. Over the same period, Binance Coin has broken multiple resistance pushing for new months\u2019 highs. BNB has moved from a low of $310 on March 10 to trading at $338 on March 20.\u00a0 Related Reading: BNB Breaks Above $300 As Bulls Take Control, Is $400 Possible? While BNB price movement can be attributed to the ubiquitous bullish trend in the market, the asset’s recent price action can also be traced to a major catalyst. Last week, Uniswap, one of the largest decentralized exchange (DEX) in the decentralized finance (DeFi) sector, announced its latest deployment on the BNB chain.\u00a0 Though analysts have suggested the deployment will boost the on-chain activity of the BNB network. It can also be attributed to one of the potential factors behind BNB\u2019s significant rally in the past 7 days.\u00a0 Between March 16 when the announcement was disclosed and March 20 as of today, Binance Coin trading volume has moved from ranging of $800 million to more than $1 billion in the past 24 hours. In contrast, the asset has also added nearly $5 billion to its market capitalization over the same period.\u00a0 BNB\u2019s market cap currently sits at $53.3 billion as opposed to a value of $48.8 billion seen days before the deployment. Meanwhile, as the US banking crisis has continued to worsen, Binance trading volume has surged in the past week. Binance currently has the highest 24-hour trading volume among other crypto exchanges in the market, according to data from Coinmarketcap. The exchange has handled over $30 billion in the past day as opposed to other exchanges in the market such as Coinbase, Kraken, and Kucoin recording a volume below $3 billion. BNB To Continue Rally? So far, Binance Coin has been doing well from a technical perspective, and according to the asset price chart, its price could continue to soar until it taps into major external liquidity. Looking at the BNB price chart on the 1-day time frame, BNB has just taken major internal liquidity at the $330 region and is looking to tap into the next major liquidity which is a high of $399. Related Reading: BNB Price Surges Over 20% in a Week And Rally Seems Far From Over Should BNB go back to its latest high of $346, we could expect another rally to somewhere just above $400. Meanwhile, coming second after BNB among top altcoin gainers in the market over the past week is Solana (SOL) and Ethereum (ETH). Both assets have seen a double-digit gain of 14.7% and 13% respectively over the same period. Featured image from Shutterstock, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":523841,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83379],"tags":[13291,11427,8323,1946,83626,80532],"class_list":["post-523840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-binance-coin","tag-binance-coin","tag-bnb","tag-eth","tag-ethereum","tag-solana","tag-uniswap"],"acf":[],"yoast_head":"\nBinance's BNB Emerges Top Gainer Among Large Altcoins, Here\u2019s Why<\/title>\n<meta name=\"description\" content=\"While the rest of the crypto market has been in an upward trend over the past week, Binance Coin (BNB) has emerged as the top gainer among...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Binance’s BNB Emerges Top Gainer Among Large Altcoins, Here\u2019s Why","url":"http:\/\/wncen.com\/news\/binance-coin\/binance-coin-bnb-emerges-top-gainer-larger-altcoins\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/binance-coin\/binance-coin-bnb-emerges-top-gainer-larger-altcoins\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/BNB.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/BNB.jpeg?fit=1140%2C815"},"articleSection":"Binance Coin","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["binance coin","bnb","eth","ethereum","solana","uniswap"],"dateCreated":"2023-03-20T19:00:49Z","datePublished":"2023-03-20T19:00:49Z","dateModified":"2023-03-20T19:00:49Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Binance’s BNB Emerges Top Gainer Among Large Altcoins, Here\\u2019s Why\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/binance-coin\\\/binance-coin-bnb-emerges-top-gainer-larger-altcoins\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/binance-coin\\\/binance-coin-bnb-emerges-top-gainer-larger-altcoins\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/BNB.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/BNB.jpeg?fit=1140%2C815\"},\"articleSection\":\"Binance Coin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"binance coin\",\"bnb\",\"eth\",\"ethereum\",\"solana\",\"uniswap\"],\"dateCreated\":\"2023-03-20T19:00:49Z\",\"datePublished\":\"2023-03-20T19:00:49Z\",\"dateModified\":\"2023-03-20T19:00:49Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/BNB.jpeg?fit=1140%2C815","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/523840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=523840"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/523840\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/523841"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=523840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=523840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=523840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}