BNB is one of the worst-performing altcoin of the day. The long-term picture remains positive. Binance Coin (BNB) is leading the sell-off on Wednesday. The token issued by one of the world’s largest cryptocurrency exchanges lost over 11% in recent 24 hours extended the decline from the all-time high of $25.00. At the time of writing, BNB/USD is changing hands at $22.16, off the intraday low $21.07. Binance recently launched the decentralized exchange and completed BNB migration to the proprietary blockchain. However, positive fundamental developments failed to support the coin that has been tumbling down for the fourth consecutive day. Read more about BNB transition here. Meanwhile, despite the recent decline BNB remains one of the best-performing coins of the year. The coin has grown by over 250% from 2019 low of $5.75 set in mid-January. Considering a strong upside movement and 11 consecutive weeks of growth, the downside looks like a healthy correction from an overbought territory. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Bitcoin price analysis: BTC/USD freefalls from 2019 highs amid broad-based bear pressure FX Street 4 years BNB is one of the worst-performing altcoin of the day. The long-term picture remains positive. Binance Coin (BNB) is leading the sell-off on Wednesday. The token issued by one of the world's largest cryptocurrency exchanges lost over 11% in recent 24 hours extended the decline from the all-time high of $25.00. At the time of writing, BNB/USD is changing hands at $22.16, off the intraday low $21.07. Binance recently launched the decentralized exchange and completed BNB migration to the proprietary blockchain. However, positive fundamental developments failed to support the coin that has been tumbling down for the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
