One after another, cryptocurrencies like Bitcoin and Ethereum have been breaking out and above their former all-time highs, causing a surge of FOMO and price discovery to follow. The latest <span class="wpg-tooltip-term-title">Coin</span></h3><div class="wpg-tooltip-content">A coin is a unit of digital value. When describing cryptocurrencies, they are built using the bitcoin technology and have no other value unlike tokens which have the potential of software being built with them.<p class="wpg-read-more"><a href="https://www.newsbtc.com/dictionary/coin/">» Read more</a><p></div>”>coin to do so, is exchange token Binance <span class="wpg-tooltip-term-title">Coin</span></h3><div class="wpg-tooltip-content">A coin is a unit of digital value. When describing cryptocurrencies, they are built using the bitcoin technology and have no other value unlike tokens which have the potential of software being built with them.<p class="wpg-read-more"><a href="https://www.newsbtc.com/dictionary/coin/">» Read more</a><p></div>”>Coin (BNB), which has now set a record for its largest monthly candle – dollar for dollar – in its short history. Here’s a closer look at a price chart that is surely a sight to behold.
Binance Coins Sets Record For Largest Monthly Candle, Dollar For Dollar
Binance Coin is the latest <span class="wpg-tooltip-term-title">Altcoin</span></h3><div class="wpg-tooltip-content">Altcoin is defined as any cryptocurrency except for Bitcoin. “Altcoin” is a combination of two words: “alternative Bitcoin” or “alternative coin”. There are over 1,500 altcoins with many more planned for release.<p class="wpg-read-more"><a href="https://www.newsbtc.com/dictionary/altcoin/">» Read more</a><p></div>”>altcoin to see double-digit growth in a single monthly candle, rising 350% since the February open. The current monthly candle is now the second-largest ever in total percentage climbed, but in terms of total dollars, this monthly candle is the largest on record.
The monthly close is still ten days away, so anything is possible, but currently the massive monthly candle is as bullish as it gets for Binance <span class="wpg-tooltip-term-title">Coin</span></h3><div class="wpg-tooltip-content">A coin is a unit of digital value. When describing cryptocurrencies, they are built using the bitcoin technology and have no other value unlike tokens which have the potential of software being built with them.<p class="wpg-read-more"><a href="https://www.newsbtc.com/dictionary/coin/">» Read more</a><p></div>”>Coin. This latest push comes after a solid monthly close last month above the asset’s former all-time high.
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The close above $44 caused enough confidence that a breakout was here for bulls to push the price per BNB token to $199 each.
The rise is reminiscent of the late 2017 altcoin season, which led to the crypto market ultimately topping in early 2018 – some three years ago almost to the date.
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