Blockchain platform GoChain [GO] has been enjoying quite a show this week. The altcoins have been riding the bull lately, despite bearish market trends.
On 29th August, GO experienced a sudden surge in price and stood at a value of $0.074. According to CoinMarketCap, at press time, the coin is trading at at $0.062 with a market cap of $31.42 million. It has seen a surge of 96.61% in the past 7 days.
GO started trading at $0.030 on 25th August with an overall market cap of $15.3 million. Further the token gained the momentum to reach a whopping high on 29th August.
GO is currently being traded the most on KuCoin exchange with a 24 hour volume of about $1.83 million against BTC.
The surge in the price of GO can be related to the turn of events that took place in the past week. On 27th August, Binance announced GoChain as one of the five contenders for its 9th monthly ‘Community Coin of the Month’. Soon after, the coin enjoyed a bullish run.
GoChain received a lot of response on Twitter from its community members after it was up for voting.
A Twitter user Young Money Congress showed full support to GoChain by stating:
“I am ready to give up 0.005btc of Binance charges in order to vote for my GoChain and get it listed on. I do not want to see @go_chain spending about $5Million just to get us on Binance. That money could be used to build more structures on GoChain’s Blockchain. #IRepGoChain”
Another Twitterati Jabier Razak tweeted:
“One of the best blockchain out there, you definitely have my vote.”
The bullish nature of the token can also be aligned with it being listed on the crypto exchange, Bittrex. The announcement was made on 28th August on Bittrex’s official Twitter handle.
On August 28th, the team enjoyed more good news as another crypto exchange OKEx put GoChain up for voting to be listed on its platform. Also, Trezor, developers of hardware wallet officially partnered with GoChain.
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Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out of ‘saucer bottom’ pattern
Binance Coin [BNB] is nothing short of becoming the best performing crypto asset of 2019, as it creates higher highs every day. In a recent surge, BNB went up by approximately 12% in 24-hours breaking out of the ‘saucer bottom’ pattern.
BNB has been on a bull run since December 2018, it has surged by approximately 470% since that point. In the last 24-hours, the price was up by approximately 12% from wick-to-wick.
Moreover, the rise in the price over the day can be attributed to the announcement by Binance DEX, that was launched recently. The tweet read:
.@Binance Chain launches its mainnet and plans to execute Mainnet Swap on Apr 23, 2019.
— Binance DEX (@Binance_DEX) April 18, 2019
The new update will convert the BNB, which is an ERC20token, into BEP2, it will be called the “mainnet swap”. Furthermore, users have to convert their ERC20 tokens on Binance, the details of which will be released in the near future.
In addition, Mithril, a cryptocurrency project has announced that it will be the first project to migrate to the Binance Chain. It tweeted:
“$MITH token holders on the new @Binance_DEX will be the first to experience increased speed, security, and user friendliness while maintaining full control over their funds.”
A Twitter user, @carlitosblvd123, commented:
“So , all BNB we have now like erc20 in binance exchange and on trust wallet will be converted to bep2 automatically or we have to do anything to happen?”
@jigneshon, another Twitter user commented:
“Crypto Revolution will happen on 23rd April when Binance Chain Genesis block will be created. 🔥”
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