Skip to content

Bitcoin Trading News

Trading Digital Currency

Primary Menu
  • Home
  • Bitcoin
  • News
  • Apps
  • Mining
  • Exchanges
  • Brokers
  • Sitemap
  • Home
  • Crypto News
  • Binance Coin (BNB): Will the 200M GameFi Fund and UK Relaunch Push Prices Higher?
  • Altcoins
  • Blockchain
  • Crypto News

Binance Coin (BNB): Will the 200M GameFi Fund and UK Relaunch Push Prices Higher?

Arthur Hendricks December 8, 2021 2 min read

Briefly –

  • Binance Coin (BNB) has seen its trading volume increase by 35% within the past 24 hours.
  • Aminoca brands and Binance Smart Chain collaborated for a $200 million GameFi projects fund.
  • Binance CEO revealed that the crypto project would relaunch in the United Kingdom in the coming six to twelve months.

Binance is among the top global cryptocurrency exchanges as far as daily trading volume is concerned. Binance Coin is the platform’s native coin and trades with the BNB symbol.

Meanwhile, Binance Smart Chain is the exchange’s blockchain ecosystem, introduced 24 months after the company in 2019 April.

200M GameFi Fund and the UK Relaunch as Growth Catalysts

On 23 October, Binance Smart Chain (BSC) developer highlighted how BNB could achieve further deflationary nature.

On 6 December, Aminoca Brands and Binance Smart Chain confirmed they would start a $200 million program to support new crypto-related gaming projects created on the BSC network.

As among the leading blockchain platforms, Binance Smart Chain will invest from its accelerator arm for GameFi, non-fungible tokens (NFTs), and decentralized finance (DeFi).

That shows the move by Binance Smart Chain to expand to further developments.

Besides all that, Changpeng Zhao, Binance CEO, revealed launching an entity in the United Kingdom within the next six to twelve months. The executive confirmed that the entity would adhere to the FCA policy. Furthermore, Binance has been on a Public Relations (PR) push over the past months, welcoming regulators.

All these developments have the potential to support Binance Smart Chain growth. With that, BNB will see its price surging.

Time to Buy BNB?

Binance Coin (BNB) traded at $552 during the 6 December trading sessions. We may have to analyze the altcoin’s November performance and its ATH for price direction.

BNB registered its all-time-high at $686, recorded on 10 May. At this level, the cryptocurrency traded 24% or $134 high. Meanwhile, the alt touched its lower level at $514 on 1 November. BNB hit its swing peak on 7 November at $668, a monthly high. That shows that the coin gained 30% from 1 November to 7 November.

However, Binance Coin plummeted by 17% from 7 November to 6 December. However, the impressive developments show that BNB has the strength to hit $600 before 31 December. That means a dip-buying opportunity.

Continue Reading

Previous: Tether Mints Additional 3 Billion USDT in 2 Weeks 
Next: BABYLOWB, FLAKE, XMAS, and more Worst-Performing Newly-Listed Cryptocurrencies

Recent Posts

  • Fast Refund Group Review, Fastrefundgroup.com – Is FastRefundGroup Scam Or A Trusted Broker?

    Fast Refund Group Review, Fastrefundgroup.com – Is FastRefundGroup Scam Or A Trusted Broker?

  • Binetrix Review – A Variety of Educational Materials to Help You Trade

    Binetrix Review – A Variety of Educational Materials to Help You Trade

  • Protocol Labs Partnership with Accounting Firm Cryptio to Facilitate Filecoin Miners Go Public

    Protocol Labs Partnership with Accounting Firm Cryptio to Facilitate Filecoin Miners Go Public

  • UniTrust Venture Review – Is This A Versatile Online Trading Brand?

    UniTrust Venture Review – Is This A Versatile Online Trading Brand?

  • Axia review – Is this a legit CFD broker?

    Axia review – Is this a legit CFD broker?

  • TRADE.com Review – What Does This Broker Offer Traders In 2023

    TRADE.com Review – What Does This Broker Offer Traders In 2023

  • TradeSmart Academy Review – 3 Ways It Makes Learning Easy for Traders

    TradeSmart Academy Review – 3 Ways It Makes Learning Easy for Traders

  • Trades Universal Review – A Broker with a Great Vision

    Trades Universal Review – A Broker with a Great Vision

  • Why Choose Copy Trading Over Other Forms of Trading?

    Why Choose Copy Trading Over Other Forms of Trading?

  • Predictions For Big Eyes Coin Are Quite Hopeful

  • A Group Of Influential Us Senators Introduce Legislation Addressing The Crypto Industry

    A Group Of Influential Us Senators Introduce Legislation Addressing The Crypto Industry

  • Bill That Will Strengthen Crypto-money Laundry Regulations

    Bill That Will Strengthen Crypto-money Laundry Regulations

  • BTC Soars To A New Monthly High After The US CPI Report

    BTC Soars To A New Monthly High After The US CPI Report

  • FSB Intends to Establish Cryptocurrency Regulation Rules

    FSB Intends to Establish Cryptocurrency Regulation Rules

  • Ledger Stax With Tony Fadell Joining The Dev Team

    Ledger Stax With Tony Fadell Joining The Dev Team

  • The Crypto Market Is In Bad Shape, But Investors Are Still Bullish

    The Crypto Market Is In Bad Shape, But Investors Are Still Bullish

  • Michael Zetser’s Unique Approach to Fixing the Fintech Industry

    Michael Zetser’s Unique Approach to Fixing the Fintech Industry

  • Mobile Is Still The Biggest Technological Platform For Crypto

    Mobile Is Still The Biggest Technological Platform For Crypto

  • SushiSwap Wants to Restructure to Avoid Insolvency

    SushiSwap Wants to Restructure to Avoid Insolvency

  • Crypto Miners Have To Look For New Havens As Kazakhstan Tightens Regulations

    Crypto Miners Have To Look For New Havens As Kazakhstan Tightens Regulations

  • ‘Programming Languages’ A Key To Improving Security Of DeFi Protocols And Crypto Industry

    ‘Programming Languages’ A Key To Improving Security Of DeFi Protocols And Crypto Industry

  • Market Interest Keeps Growing in Oryen, Early Investors Enjoy 140% Gains Already

    Market Interest Keeps Growing in Oryen, Early Investors Enjoy 140% Gains Already

  • Cardano’s Opportunity to Shine Fades Due to Stablecoin Development Issues

    Cardano’s Opportunity to Shine Fades Due to Stablecoin Development Issues

  • Despite Launch of ApeCoin DAO Marketplace, ApeCoin Prices Have Fallen By 3.42%

    Despite Launch of ApeCoin DAO Marketplace, ApeCoin Prices Have Fallen By 3.42%

  • Huobi Adds An Extra Layer Of Security Around Its HBTC H-Token

    Huobi Adds An Extra Layer Of Security Around Its HBTC H-Token

  • XRP Observes a Strong Rally That Has Pushed It to 3-Week High

    XRP Observes a Strong Rally That Has Pushed It to 3-Week High

  • Cryptocurrencies to Face Tighter Regulations in Africa, Advise by IMF

    Cryptocurrencies to Face Tighter Regulations in Africa, Advise by IMF

  • ETH’s Trading Price Has Recorded A Plunge, Fears A Further Dip Below $1,000

    ETH’s Trading Price Has Recorded A Plunge, Fears A Further Dip Below $1,000

  • Cardano To Hype Its Adoption As It Wants To Launch A New Stablecoin

    Cardano To Hype Its Adoption As It Wants To Launch A New Stablecoin

  • SNM Trading Prices Surge By 4,000%, Users Expect A Pump And Dump Scheme

    SNM Trading Prices Surge By 4,000%, Users Expect A Pump And Dump Scheme

You may have missed

Fast Refund Group Review, Fastrefundgroup.com – Is FastRefundGroup Scam Or A Trusted Broker?
3 min read
  • Reviews

Fast Refund Group Review, Fastrefundgroup.com – Is FastRefundGroup Scam Or A Trusted Broker?

March 20, 2023
Binetrix Review – A Variety of Educational Materials to Help You Trade
3 min read
  • Cryptocurrency Brokers

Binetrix Review – A Variety of Educational Materials to Help You Trade

March 19, 2023
Protocol Labs Partnership with Accounting Firm Cryptio to Facilitate Filecoin Miners Go Public
2 min read
  • Bitcoin

Protocol Labs Partnership with Accounting Firm Cryptio to Facilitate Filecoin Miners Go Public

March 15, 2023
UniTrust Venture Review – Is This A Versatile Online Trading Brand?
3 min read
  • Cryptocurrency Brokers
  • Reviews

UniTrust Venture Review – Is This A Versatile Online Trading Brand?

February 7, 2023
Bitcoin Trading News | MoreNews by AF themes.