Binance’s BNB Coin Holds Gains When Most Coins Shatter

Binance’s BNB token has struggled to keep gains amidst a bearish-looking crypto market. The 4th largest crypto by market cap has kept over 15% profit in the last 7 days. This comes when other top tokens, including Bitcoin, struggle to trade in the green zone. As of writing, BNB has also recorded quite a fair amount of gains against Bitcoin and Ethereum. Specifically, the token has garnered around 5.02% over BTC and 5.71% over Ethereum. The coin is also on its way to retouching its 24-hour high of $340 as it trades at $336, press time. Related Reading: These Key Factors Might Push Ethereum To Outplay Bitcoin BNB has all the ingredients to start a bullish run this November. The 7-day surge resulted from Binance’s involvement in the acquisition of Twitter by Elon Musk. CZ, the founder of Binance, has now hinted at BNB as a payment method on the social media platform. Binance Launches Blue Bird Index, Potentially Hinting At Twitter Payment Options On November 2nd, a blog post announced that Binance Futures would begin trading USDS-M Binance Bluebird Index perpetual contracts (BLUEBIRDUSDT Perpetual Contracts). Binance intends to provide leverage of up to 25x on perpetual contracts. The new price index monitors BNB, DOGE, and MASK. Binance generates the index using weighted averages of the component tokens’ real-time values on the Binance Spot, denominated in USDT. Miles Deutscher, a crypto expert, wonders if Binance CEO &#82...