Binance Coin (BNB) price skyrockets upon the announcement of a new blockchain
|- Binance Coin (BNB) up by 25% in the last 24 hours as trading volume increases to December high.
- The timelines for the launch has not been set; however, the community cannot hide the excitement.
Binance recent decision to develop a new blockchain has stirred the price of Binance coin in the upside direction. The cryptocurrency exchange will transfer the Binance Coin to the new blockchain. BNB has surged by over 25% in the last 24 hours even as the rest of the cryptocurrencies maintain in the red.
The trading volumes on Binance grew tremendously within a short time from approximately $300 million to $1.6 million in comparison to the volumes on the previous day. For BNB the trading volumes went as high as $250 million.
The community is excited because having a public blockchain means that the community controls both the network and the asset. However, Binance has not given any timelines when the blockchain will be launched. The other matters relating to the blockchain, for example, hashing work, the maximum number of coins and the nodes are yet to be put out. The price of BNB is set to benefit from future news including a date for a snapshot.
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