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Top Gainers: Bitcoin’s $7,000 ascendance sparks massive rally; BCH, ADA, LTC, EOS see double digit gains

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Top Gainers: Bitcoin [BTC] $7,000 ascendance sparks massive rally; BCH, ADA, LTC, EOS see double digit price gains
Source: Pixabay

Bitcoin [BTC] has finally broken the elusive $7,000 price ceiling, taking it above the price cliff of November 2018 and into a nine-month high. As can be expected, with the king coin holding 59 percent dominance and experiencing wave-after-wave growth, surrounding altcoins were invigorated as well.

At the helm of the altcoin rise were the familiar foes, often trading places in the past few months, Bitcoin Cash [BCH], Litecoin [LTC], and EOS [EOS]. The coins ranked between 4th and 6th saw massive price gains, in double-digit terms, but by no means were they the only massive risers, as Cardano [ADA], Ethereum [ETH], and Binance Coin [BNB] also saw a spur.

Source: Trading View

Bitcoin Cash, only a day after its flash hike, saw another whopping gain of over 20 percent against the US dollar in 24 hours, with its price, at press time, amassing $350.4. The coin whose November 2018 hardfork triggered the peak of the winter, rose from $280 to over $375 and fell back to the $340 mark, which is acting as a support level, before rising back up to $350.

In the past few days, the coin’s market cap has seen an addition of over $1.5 billion and now stands at $6.23 billion. LBank takes the top spot for BCH trade volume, holding 8.14 percent of global volume in the pair BCH/USDT.

Source: Trading View

Cardano, the second highest gainer in the market, amassed an 18.6 percent gain in price. In the ensuing upswing, the ADA price rose from $0.059 to $0.078 and fell back to $0.073, shooting back up as a support level would, and is now trading at $$0.075.

The coin’s market cap added over $500 million and currently stands at $1.95 billion. ZBG accounting for 21.12 percent of global ADA volume in the trading pair, ADA/USDT takes the top spot.

Source: Trading View

EOS, the last of the trio mentioned above, rose by a notable 14 percent against the dollar, trading at $5.56 percent at press time. In the past two days, the coin’s price shot up from $4.73 to $5.76, dropping to $5.48, acting as support and then rising back to its current price. The market cap of the coin added over $700 million since the bullish swing began and stood at $5.06 billion. DigiFinex took the top spot, accounting for 7.98 percent of global EOS volume, in the pair EOS/USDT.



Source: Trading View

Litecoin was on the heels of EOS, in price gain, and edged the latter on the coin ladder. Digital Silver saw a 13.6 percent gain, and is trading currently at $88.84. The king coin’s bulls took its silver counterpart to as high as $93.17, before dropping to the support level of $86.21 resulting in a bounce up to its current level. The market cap saw a $1.2 billion addition and, at press time, stood at $5.48 billion. Coineal took the top spot in LTC trade volume, holding 12.66 percent of the total, in the pair LTC/BTC.

Other notable gainers were Ethereum, rising by 10.79 percent, Binance Coin, gaining 7.18 percent, and Stellar Lumens, up by 9.28 percent while the collective market cap stands at $216 billion.





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Binance Coin [BNB] registers ATH as it surges by over 16,000% since inception

Namrata Shukla

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Binance coin [BNB] registers ATH as it surges by over 16,000% since inception
Source: Pixabay

The cryptocurrency market continued to register massive growth, as the prices of most major cryptocurrencies soared. However, the late entrant to the list, Binance Coin [BNB] is posing to be tough competition for other coins in terms of performance. BNB which entered the crypto market in July 2017, breached its all-time high and was trading at $28.79, at press time.

Source: Trading view

Source: Trading view

Binance Coin started out in July 2017 with a value of $0.1927 and marked its all-time high on May 18 at $31.91, according to the Trading View chart of the coin on Binance. BNB noted the growth of a massive 16,458.31% since 2017. However, until the beginning of 2019, BNB was valued at $6.59, after which the coin noted a surge by 384.15% and peaked at $31.



Source: CoinMarketCap

Source: CoinMarketCap

In the month of May, BNB noted a 28.16% growth, and the coin was valued at $28.66, with a market cap of $4.04 billion. The 24-hour trade volume of the coin was reported to be $551 million as it spiked by over 10% in a day. In the past seven days, the coin grew by 35.97%, but slipped by a minimal 0.25% in an hour.

BNB was highly traded on its native exchange, Binance via the BNB/BTC and BNB/USDT pairs. The BNB/BTC trading volume noted on Binance was $140 million, while the volume reported on the BNB/USDT pair was $132 million. The third place was taken by BKEX via the BNB/USDT pair as it registered a trading volume of $72 million.





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