On the 18th of April, 2019, the huge price rally for Binance Coin (BNB) which came in to effect some time in early February after Binance announced its plans for launching the Binance Chain, continued as before.
This announcement by Binance caused a twelve percent (12%) rise in the rates of the BNB token, bringing it to approximately twenty-two dollars ($21.78). This is as close as the token has come to its all-time high value of $24.46 during a period of slightly more than a year.
In accordance with the records presented by CryptoCompare, the value of the Binance Coin (BNB) has risen from $6.48 on the 18th of January, to the current $21.78 (on the 18th of April), exhibiting an increase of more than two hundred percent (236%).
This huge leap for Binance comes as great news for the crypto’s performance, which is the result of multiple measures taken on its part.
On the 18th of January this year, Binance announced that the company’s launchpad would conduct a BitTorrent Token sale which would start on the 28th of January.
On January the 23rd, Binance introduced Crypto over-the-counter services and the Trust Wallet 2.0 was made available on the app store, the very next day.
.@Binance Chain launches its mainnet and plans to execute Mainnet Swap on Apr 23, 2019.
— Binance DEX (@Binance_DEX) April 18, 2019
This did not stop here, as, on the last day of this very same month (January 2019), Binance made cryptocurrency payments through credit cards available via their Simplex Partnership, encouraging the widespread adoption of this technology.
On the 15th of February, Binance enabled the trading of 153 cryptocurrencies with a total of 433 trading pairs. All this and much more, added to the spike in performance of the Binance Coin.