Press "Enter" to skip to content

Binance adds support for BEAM; Ripple publishes list of banks included in the network as xRapid base grows


4 hours ago, a blog post from Binance mentions the listing of BEAM. So far, three trading pairs i.e. BEAM/BTC, BEAM/USDT, and BEAM/BNB is available. While Beam is too high up in the table on coinmarketcap, the project is regarded is one of the best examples of the Mimblewimble protocol [which has been implemented with great success].

Beam has risen to #83 in the market and has been a top-gainer since a day before 20th. A whopping climb rate of 16.12% was felt in the course of the past 24-hours. The trading volume recorded stands at roughly $93.220 million, whereas the supply has 36,812,160 BEAM coins in play. As of this instant, the total market cap of Beam is $56.518 million [which is lesser than the reported trading volume]. BEAM is priced at $1.54.

The next key target would be $2.0. BEAM was created without an Initial Coin Offering, which added further credibility to this incredible venture. A treasury system support this digital currency that promotes anonymity in the cryptosphere.

Interbank [ofPeru] alongside Vitesse [based in the United Kingdom] have now declared their allegiance to the RippleNet [in accordance with the newly-updated website dedicated to Ripple]. I pray that this helps XRP breakout beyond the initial level of resistance formed a few days ago and head north of $0.4.

Brad Garlinghouse had referred to many executives linked to financial institutions who had promised to use their tech but not XRP and then later changed their minds. According to Brad, this is due to XRP’s inherent value which can’t be ignored by banks. Not too long ago, RippleNet had drawn in Faysal Bank [based in Pakistan] into their ecosystem.

On the other hand, a dump meant to swell-up the supply will bring down the price of XRP.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.