BNB is the best-performing coin if the week. The key market catalysts behind the move. Binance Coin (BNB) is the native token of the Hong Kong-based cryptocurrency exchange. It is ranked as the 10th largest digital asset by market value ($1.3B at the time of writing). The price of BNB skyrocketed $9.68 during Monday trading, which is nearly 35% higher than on Monday of the previous week. BNB has become an absolute growth leader among top-20 coins and outperformed the whole cryptocurrency market by a significant margin. What’s behind BNB’s success The coin is supported by various factors, including real use cases and the coin burn. Binance team burned the coins to the time of $9.4M thus reducing the circulating supply. Such deflationary measures usually serve as a bullish trigger for the asset. Moreover, the company is intended to buy back and burn 20% of the circulating supply each quarter until 50% of all coins are destroyed. Apart from that, investors are buying coin to participate in ICOs launched at Binance Launchpad platform and use it at Binance Decentralised Exchange to be launched in the next few weeks. 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 EUR/USD plummets to multi-month lows near 1.1270 FX Street 4 years BNB is the best-performing coin if the week. The key market catalysts behind the move. Binance Coin (BNB) is the native token of the Hong Kong-based cryptocurrency exchange. It is ranked as the 10th largest digital asset by market value ($1.3B at the time of writing). The price of BNB skyrocketed $9.68 during Monday trading, which is nearly 35% higher than on Monday of the previous week. BNB has become an absolute growth leader among top-20 coins and outperformed the whole cryptocurrency market by a significant margin. What's behind BNB's success The coin is supported by various factors, including real… 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.