Binance Coin (BNB) Bounds into Top Ten as New Launchpad Project is Announced

When crypto markets head south there are usually very few to escape the wrath of the bears. A similar purge was initiated a couple of hours ago as $2 billion was shaved off crypto market cap in a matter of minutes.Cardano has been in a downward spiral for over a year with very little to note coming from the team in terms of developments. How things have changed for ADA which, this time last year, was the fifth largest cryptocurrency with a market cap of almost $10 billion. Nearly all of that has been dumped to crush the coin by over 97% as it slides down the charts to twelfth spot. Around 24 hours ago BNB was priced below $7 but as markets dumped during trading in Asia this morning it took the opposite route and headed upwards, currently trading at $8.26, the highest it has been since mid-November. Daily volume has surged from $76 million to $111 million, 35% of which us in USDT. BNB now has a market cap of over $1 billion as it surpasses BSV and takes tenth, just $400 million away from Stellar which has also been very weak recently.

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