Binance’s BNB Coin Surpasses $300 Mark Amidst Market Recovery

Binance Coin (BNB) has surpassed the $300 mark after its price surge over the week. The token was trading at around $274 per coin last Thursday and even threatened to fall lower as the week progressed. However, Tuesday saw the coin recover, adding around 5% profit to trade at $289. It has been smooth sailing from then onward for BNB as it continues to climb higher in value. As of writing this article, BNB is currently trading at $313. BNB’s $300-mark breakthrough comes at the same time popular meme coin Dogecoin adds over 90% value in a week. BNB is currently ranked the 4th largest cryptocurrency by market cap. Related Reading: Litecoin Price Revisits $56, What Is Next For The Bulls? BNB Soars As the Overall Crypto Market Recovers The cryptocurrency market has seen a significant recovery this October. After several bearish weeks, the entire crypto market broke through its $1 trillion market-cap barrier earlier this week. This move acted as a catalyst for many cryptocurrencies to see massive gains. One such example is Binance Coin which surged more than 5% on Tuesday alone. It continued to rise throughout the week, adding a total of 15% to its value. Binance coin had it rough on October 6th when the entire crypto market started a correction phase. Before the start of the correction, BNB was at $296 and on the verge of testing the $300 mark. However, it never got to that point as the bears took over, pushing the coin to a ...