{"id":457064,"date":"2021-02-18T20:00:58","date_gmt":"2021-02-18T20:00:58","guid":{"rendered":"https:\/\/ktsl888.com\/?p=457064"},"modified":"2024-06-11T14:13:27","modified_gmt":"2024-06-11T14:13:27","slug":"binance-coin-bnb-sets-record-for-largest-monthly-candle-ever","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/binance-coin-bnb-sets-record-for-largest-monthly-candle-ever\/","title":{"rendered":"Binance Coin (BNB) Sets Record For Largest Monthly Candle Ever"},"content":{"rendered":"

One after another, cryptocurrencies like Bitcoin and Ethereum have been breaking out and above their former all-time highs, causing a surge of FOMO and price discovery to follow<\/a>.\u00a0The latest coin to do so, is exchange token Binance Coin (BNB), which has now set a record for its largest monthly candle \u2013 dollar for dollar \u00a0\u2013 in its short history. Here’s a closer look at a price chart that is surely a sight to behold.<\/p>\n

Binance Coins Sets Record For Largest Monthly Candle, Dollar For Dollar<\/h2>\n

Binance Coin<\/a> is the latest altcoin to see double-digit growth in a single monthly candle, rising 350% since the February open. The current monthly candle is now the second-largest ever in total percentage climbed, but in terms of total dollars, this monthly candle is the largest on record.<\/p>\n

The monthly close is still ten days away, so anything is possible, but currently the massive monthly candle is as bullish as it gets for Binance Coin. This latest push comes after a solid monthly close last month above the asset’s former all-time high.<\/p>\n

Related Reading | Forget 2021, Here\u2019s How High Crypto Prices Can Go By 2026<\/a><\/strong><\/em><\/p>\n

The close above $44 caused enough confidence that a breakout was here for bulls to push the price per BNB token to $199 each.<\/p>\n

The rise is reminiscent of the late 2017 altcoin season<\/a>, which led to the crypto market ultimately topping in early 2018 \u2013 some three years ago almost to the date.<\/p>\n

\"binance<\/p>\n

Dollar for dollar, this is the largest candle and Binance Coin history | Source: BNBUSDT on TradingView.com<\/a><\/pre>\n
BNB Triples With Breakout, Unseats Ripple Thanks To New User Growth<\/h2>\n
During late 2017 and early 2018, the surge of users rushing to buy altcoins<\/a> at the exchange caused the budding user base to surge. Binance was among the first exchanges to debut a native exchange token, Binance Coin. The platform has been an innovator in the space ever since.<\/p>\n
BNB can be used to reduce trading fees on the exchange, among many other benefits. Because of its utilization on the exchange itself for several reasons, along with token burns and more, Binance Coin is among the few altcoins with actual value and use case currently, making it even more attractive than most other coins in the top ten.<\/p>\n
Related Reading | Altcoin Season Is Here: \u201cBuy Crypto\u201d Surpases Bitcoin Searches On Google<\/a><\/strong><\/em><\/p>\n
Binance Coin’s rise also helped it beat out XRP, for the sixth overall rank in the top ten cryptocurrency by market cap.<\/p>\n
The current altcoin season<\/a> and surging interest in crypto has benefitted Binance, and in turn, Binance Coin and holders of BNB. And if this monthly candle is anything to go by, this is only just the start.<\/p>\n
Featured image from Deposit Photos, Charts from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
One after another, cryptocurrencies like Bitcoin and Ethereum have been breaking out and above their former all-time highs, causing a surge of FOMO and price discovery to follow.\u00a0The latest coin to do so, is exchange token Binance Coin (BNB), which has now set a record for its largest monthly candle \u2013 dollar for dollar \u00a0\u2013 in its short history. Here’s a closer look at a price chart that is surely a sight to behold. Binance Coins Sets Record For Largest Monthly Candle, Dollar For Dollar Binance Coin is the latest altcoin to see double-digit growth in a single monthly candle, rising 350% since the February open. The current monthly candle is now the second-largest ever in total percentage climbed, but in terms of total dollars, this monthly candle is the largest on record. The monthly close is still ten days away, so anything is possible, but currently the massive monthly candle is as bullish as it gets for Binance Coin. This latest push comes after a solid monthly close last month above the asset’s former all-time high. Related Reading | Forget 2021, Here\u2019s How High Crypto Prices Can Go By 2026 The close above $44 caused enough confidence that a breakout was here for bulls to push the price per BNB token to $199 each. The rise is reminiscent of the late 2017 altcoin season, which led to the crypto market ultimately topping in early 2018 \u2013 some three years ago almost to the date. Dollar for dollar, this is the largest candle and Binance Coin history | Source: BNBUSDT on TradingView.com BNB Triples With Breakout, Unseats Ripple Thanks To New User Growth During late 2017 and early 2018, the surge of users rushing to buy altcoins at the exchange caused the budding user base to surge. Binance was among the first exchanges to debut a native exchange token, Binance Coin. The platform has been an innovator in the space ever since. BNB can be used to reduce trading fees on the exchange, among many other benefits. Because of its utilization on the exchange itself for several reasons, along with token burns and more, Binance Coin is among the few altcoins with actual value and use case currently, making it even more attractive than most other coins in the top ten. Related Reading | Altcoin Season Is Here: \u201cBuy Crypto\u201d Surpases Bitcoin Searches On Google Binance Coin’s rise also helped it beat out XRP, for the sixth overall rank in the top ten cryptocurrency by market cap. The current altcoin season and surging interest in crypto has benefitted Binance, and in turn, Binance Coin and holders of BNB. And if this monthly candle is anything to go by, this is only just the start. Featured image from Deposit Photos, Charts from TradingView.com<\/p>\n","protected":false},"author":517,"featured_media":457071,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[10768,13291,11427,79546,79524,79611,6664],"class_list":["post-457064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance","tag-binance-coin","tag-bnb","tag-bnbbtc","tag-bnbusd","tag-bnbusdt","tag-crypto"],"acf":[],"yoast_head":"\nBinance Coin (BNB) Sets Record For Largest Monthly Candle Ever<\/title>\n<meta name=\"description\" content=\"Binance Coin is the latest altcoin to see double-digit growth in a single monthly candle, rising 350% since the February open.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/ktsl888.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Binance Coin (BNB) Sets Record For Largest Monthly Candle Ever","url":"http:\/\/ktsl888.com\/news\/binance-coin-bnb-sets-record-for-largest-monthly-candle-ever\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/binance-coin-bnb-sets-record-for-largest-monthly-candle-ever\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/02\/binance-coin-bnb-Depositphotos_76361451_l-2015.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/02\/binance-coin-bnb-Depositphotos_76361451_l-2015.jpg?fit=2000%2C1333"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["binance","binance coin","bnb","bnbbtc","bnbusd","bnbusdt","crypto"],"dateCreated":"2021-02-18T20:00:58Z","datePublished":"2021-02-18T20:00:58Z","dateModified":"2024-06-11T14:13:27Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Binance Coin (BNB) Sets Record For Largest Monthly Candle Ever\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/binance-coin-bnb-sets-record-for-largest-monthly-candle-ever\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/binance-coin-bnb-sets-record-for-largest-monthly-candle-ever\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/binance-coin-bnb-Depositphotos_76361451_l-2015.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/binance-coin-bnb-Depositphotos_76361451_l-2015.jpg?fit=2000%2C1333\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"binance\",\"binance coin\",\"bnb\",\"bnbbtc\",\"bnbusd\",\"bnbusdt\",\"crypto\"],\"dateCreated\":\"2021-02-18T20:00:58Z\",\"datePublished\":\"2021-02-18T20:00:58Z\",\"dateModified\":\"2024-06-11T14:13:27Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/02\/binance-coin-bnb-Depositphotos_76361451_l-2015.jpg?fit=2000%2C1333","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/457064"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=457064"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/457064\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/457071"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=457064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=457064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=457064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}