• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Binance Coin [BNB] persists its hot streak while other assets fall into the bear’s den
Binance Coin

Binance Coin [BNB] persists its hot streak while other assets fall into the bear’s den

October 3, 2021 by Sahana Kiran

The bulls had entered the market and all the coins were seen rejoicing. But, how long will this joy last? Binance Coin [BNB] was the only asset still persisting in its bullish notion. Bitcoin [BTC], Cardano [ADA], and a few other assets were slowly making room for the bear.

While the daily gains of every asset were slowly depreciating, the market cap of a few coins was rising and directly pushing the overall numbers beyond $2 trillion. The altcoins were putting up a great show with regard to market cap. Sadly, BTC was struggling to make it past $900 billion. At press time, the overall market cap of the crypto-verse was at $2.10 trillion.

Coming back to the price aspect, Binance Coin [BNB], Polkadot [DOT], and Solana [SOL] were bagging the most gains. BNB had a pretty good week as the coin garnered profits up to 20% over the last seven days. During the time of writing, BNB was trading for $423 with a 2.42% surge over the previous 24-hours.

The market cap of the altcoin blew to a high of $71.54 billion. This further secured the coin a spot as the third-largest cryptocurrency. Cardano [ADA] was slyly overpowered by the Binance Coin.

Binance Coin [BNB] one-hour price chart

Binance Coin
Binance Coin [BNB] persists its hot streak while other assets fall into the bear's den 3

The short-term price chart of BNB had the bull dancing all over it. While the bulls were slowly moving away from all the other markets, BNB still harbored it. The Parabolic SAR indicator formed dotted lines below the candlesticks and notified the presence of the bull. The Chaikin Money Flow [CMF] indicator remained in the bullish arena. The CMF marker was well settled over the zero median. The persistence of this trend could further push the altcoin towards $500.

The Relative Strength Index [RSI] indicator noted increased buying activity. The RSI marker was over the 50 median in the buyers’ arena.

Filed Under: News, Altcoin News, Market Analysis Tagged With: Binance Coin (BNB)

Primary Sidebar

Recent Posts

  • Binance Joins Hands With Kazakhstan to Develop a Crypto Framework May 26, 2022
  • Crypto Transfers in Thailand Will Be Exempt From VAT Until 2023 May 26, 2022
  • Exchanges Show Support in Assisting LUNA’s Revival by Listing the New LUNA 2.0 May 26, 2022
  • 29 Moonbird NFTs Worth $1.5M Succumbs To A Phishing Attack May 26, 2022
  • How to Play Craps at Crypto Casinos May 26, 2022

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2022 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.