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Binance Coin Spikes 13%, Again: Can Explosive Tokens Pump Bitcoin to $4,200?

Joseph Young
Binance's utility token Binance Coin (BNB) is surging again. | Source: Shutterstock

Binance Coin (BNB), the native crypto asset of Binance Chain, a blockchain network developed by the world’s largest cryptocurrency exchange, has spiked by 13 percent again, extending the momentum of Bitcoin and the rest of the market.

Within one month, the price of Binance Coin has surged from $7.8 to $15.31 by more than 96 percent against the U.S. dollar.

1-Month Price Chart of Binance Coin (Source: Coinmarketcap.com)

Off of its recent price movement, Binance Coin overtook Tether, the most dominant stablecoin in the cryptocurrency market, to become the 7th most valuable digital asset in the market.

In the week before, Binance Coin surpassed TRON and Stellar for the first time, achieving a market cap of over $2 billion.

Read the full story on CCN.com.