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Why These Altcoin Are Flying With Bitcoin-BNT, ZEN, BNB, CAKE and IOST

The price of Bitcoin broke an all-time high (ATH), managing to exceed 52 thousand dollars. BNT, ZEN, BNB, CAKE, and IOST took flight as BTC rose.

Why are Bancor Network Token (BNT), Horizen (ZEN), Binance Coin (BNB), PancakeSwap (CAKE), and IOST (IOST) rising? Here are the important developments of the five altcoins.

Bancor Network Token (BNT)

  • A new liquidity pool where users can stake BNT to get rewards in Bancor Vortex (vBNT).
  • Polkadot integrated Bancor.
  • Since the BNT liquidity pool was launched, the Total Locked Value (TVL) has doubled, with BNT rewards exceeding $23 million.

BNT price

BNT, which has a market capitalization of $ 591 million, saw a trading volume of $610 million in 24 hours. BNT, up 93% on a weekly basis, has reached ATH of $6.1.

Horizen (ZEN)

  • Horizen and APIS partnered. APIS will transfer the features of APISwap to the Horizen ecosystem to increase the security and transparency of Horizen.
  • The road map for 2021 has been published. On the Roadmap, it is seen that Zendoo, which will provide more privacy to the network, is planned to come to the mainnet in the third quarter of the year and a DAO design for Zendoo in the last quarter.
  • ZEN is listed on the KuCoin exchange.

ZEN price

ZEN reached an all-time high of $86. Zen, which rose 91% during the week and 31% on a daily basis, has a market value of $910 million. The daily trading volume of the cryptocurrency stands at $234 million.

Binance Coin (BNB)

  • Binance Coin can be staked on the KIRA Network.
  • Transactions on the Binance Smart Chain (BSN) approached twice as many on the Ethereum network.
  • Binance Smart Chain TVL value soared to surpass $7 trillion. The total amount of BNB locked to BSN is over 28 million.

BNB price

BNB, which has a market capitalization of $25.50bn, rose to $250.10 on February 19. The BNB rose 106% on a weekly basis and recorded a 55% increase in 24 hours. The cryptocurrency, which has a trading volume of $6.30 billion, is priced above $245.

PancakeSwap (CAKE)

  • PancakeSwap became the second largest DEX.
  • PancakeSwap’s volume exceeded $1 billion on February 17, making it the largest project on Binance Smart Chain.
  • Staking Rewards listed PancakeSwap.
  • Compound (COMP) can be staked in PancakeSwap’s Syrup repository.

CAKE price

Reached all time high on $17.98 on February 19, ATH cake rose 156% over the week. The price of the CAKE rose 74% on a daily basis, while the trading volume was $355 million. Cake’s market capitalization exceeded $1 billion.

IOST (IOST)

  • Donnie Finance announced that it will distribute tokens via airdrop to IOST holders.
  • Binance Staking and IOST network joined to provide IOST staking on Binance.
  • IOST has partnered with Japanese blockchain company Platinum Egg. With the partnership, the NFT marketplace was included in IOST.

IOST price

IOST, which has a market volume of $741 million, rose 28% in 24 hours and its trading volume exceeded $1 billion. IOST, which increased 86% during the week, ATH price recahed $0.049.

Originally published at https://thecryptobasic.com on February 19, 2021.

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