Despite the tumultuous year for cryptocurrencies, Binance Coin (BNB) has been steadily rising in value since mid-December 2018. The cryptocurrency is up over 110 percent for the period, now trading at its new all-time high value against BTC.
Binance Coin ATH Against BTC
Since the beginning of December, Binance Coin (BNB) has been increasing in value steadily, gaining over 110 percent in the last 3 months, despite the bearish market conditions.
My Bitcoin News reported earlier this month that BNB has surged to a new all-time high when trading against BTC. Now, the cryptocurrency shattered its previous peak, reaching a new one altogether.
At the time of this writing, BNB trades at $10.76, which marks 11.32 percent increase on the day according to data from CoinMarketCap. One BNB is currently worth 0.00272 BTC which is the cryptocurrency’s all-time high, 10 percent more than the last one.
Hours Away From Binance Chain Testnet Launch
The notable increase takes place hours before the launch of Binance’s decentralized exchange testnet.
Binance released the testnet for its partners earlier this month and is now rolling out the version for public testing.
The DEX is is a decentralized exchange module which is developed on top of the Binance Chain blockchain.
Previously, Changpeng Zhao, CEO at Binance, has said that the network will follow an EOS-like model when it comes to selecting validator nodes while Binance will retain a serious influence over the network at the beginning.
Additionally, Zhao has also said that the DEX will charge a fee ‘close to $100k’ for listing new cryptocurrencies. This is attempted to reduce the number of scam and spam projects.
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