BNB leads gainers in top crypto currencies

BNB was the day’s biggest gainer in the top crypto currencies, gaining 0.94% in the 24 hours leading up to $216

BNB led gainers in the top crypto currencies in terms of market capitalization, despite Binance’s growing challenges. Bitcoin and Ether gained as market analysts are saying it could start picking up more bullish momentum above the $26,000 mark.

BNB was the day’s biggest gainer in the top crypto currencies, gaining 0.94% in the 24 hours leading up to $216. BNB was 2.98% higher during the last week after the exit of Binance. U.S. CEO Brian Shroder and after the exchange laid off more than 100 employees last week.

BNB has faced considerable challenges this year over the Binance exchange’s growing legal issues. BNB dropped below the $300 support level on June 6, after the Securities and Exchange Commission (SEC) sued Binance for alleged securities violations.

In the broader crypto market, Bitcoin added 0.8% to $26,704.

At present levels above $26,000, momentum can easily build up, bearing in mind that European Central Bank’s (ECB) Christine Lagarde said on Thursday she would not expect inflation to drop considerably after she delivered the 10th interest rate hike, Phillip Lord, president of the crypto payment app Oobit, told Forkast.

Cash is no longer king in a world where your daily shopping basket gets more expensive by the day and where your bank account pays more interest at a lower risk than securities, where as crypto currencies as the digital money of the future offer an attractive add-on to any investment or personal finance portfolio.

Ether, the world’s second-biggest crypto currency, also added 0.8% in afternoon trading to $1,632, staying above the $1,600 support level since last Wednesday.