Binance

Binance Coin (BNB) is in an upward move as it rallied to $47.50 high. Today, the crypto has retraced to $43 low and it is consolidating above the current support.

Binance exchange has achieved significant things in 2020 and it is now ending the year with a cryptocurrency-backed Visa payment card. This has made it to be among a few firms that are offering digital currency cards.

First and Foremost, Binance Coin has been in an uptrend after the breakdown in March. In January, the coin had an opening balance of $13.65. This amount rose to $27.51 in February.

Binance Coin is also trading in a sideways move in the last three months. The altcoin has been range-bound between $26 and $32.

Binance Uganda, an arm of the greater Binance Global has notified all its Ugandan clients on the new date of closure, which is now set for December 15. A Binance user from Uganda, Joel Odota, notified CoinIdol, a world blockchain news outlet, that he received a notification email from the company.

After months of meticulous planning and discussion, two blockchain projects APEX Network and Red Pulse Phoenix have made a strategic maneuver to combine their platforms and ecosystems through a merger that will create a comprehensive enterprise data blockchain platform.

Binance Coin has been in a sideways move between $27 and $29 in November. Yesterday, the coin rebounded as it reached a high of $31.

Today, Binance Coin is trading at $27.72 at the time of writing. Buyers have failed to push BNB above the $32 overhead resistance since September 13.

Since October 22, the Binance Coin uptrend has been interrupted at the high of $31.20. In retrospect, On September 14, BNB had already faced rejection when it attained its peak price of $32.00.