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Binance Coin resumes the uptrend on mainnet launch news: Mithril (MITH) to launch on Binance Chain

  • Binance Coin extends the gains above $20.00 and forms a weekly high at $22.34.
  • Mithril’s token to cease being an ERC20 token and transform to Binance’s BEP2.
Binance Coin resumes the uptrend on mainnet launch news: Mithril (MITH) to launch on Binance Chain
John IsigeJohn IsigeFXStreet

Following the release of Binance protocol the token BNB has been on an upward trend. Similarly, Binance Coin has been on the rise since the beginning of the beginning of the year to record a more than 200% rise in three months. The price currently trades above the 100 SMA 1-hour which has functioned as a support on various occasions. The indicator is currently playing catch after BNB/USD stepped above $20.00.

Extended gains made it above $22.00 on Binance chain mainnet launch from the 100 SMA support. A high has been formed at $22.34 while the correction from the high is supported at $21.00. BNB/USD is trading at $21.87 at press time amid a building bullish momentum.

Meanwhile, Binance is proud to welcome Mithril as the first token to launch on Binance Chain. According to an announcement from Mithril, the network will migrate to the newest chain in the industry. This means that its ERC20 MITH token will cease will become BEP2 standard token provided by Binance.

Author

John Isige

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

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