Today, Binance announced the opening of trading for ETC/BNB and ETC/USDT trading pairs at 2018/06/12 2:30 AM [UTC]. It is speculated that the Announcement of trading pairs has given BNB and ETC a hike in their prices.
“#Binance Adds #ETC/BNB and $ETC/USDT Trading Pairs https://support.binance.com/hc/en-us/articles/360004714052 …”
Zoltan a Twitter user commented:
“Lol. You must be the sole hodler for that one.”
Another Twitter user, imbrue001 commented:
“cute timing Binance”
Before the announcement ETC was trading at $12.88 and post the announcement the coin hiked to $16.06. BNB had a trading price of $14.35, after the announcement of the trading pair with ETC it raised up to $16.14.
Yesterday the coins were running low due to the bearish market. The announcement of the trading pairs turned the coin caps green. This seems to be a mutual benefit for BNB as well as ETC. The coins have decided to be traded together at the time of a bearish market. While the top 10 coins still have their weekly cap running in red, BNB & ETC are running full green!
The hike in prices of ETC is also speculated to be due to the announcement of Coinbase, one of the top trading platforms in the crypto-world, to list them in the coming months. This action was reciprocated by Binance when they announced trading pairs of BNB/ETC and ETC/USDT. USDT as of now shows a hike of 0.06% in the 24 hours cap.
At the time of writing, ETC is traded at the price of $16.09 with a market cap of $1.6 billion. The coin is ranked #18 on CoinMarketCap and has seen a rise of 24.39% in the past 24 hours. BNB is ranked #16 and is currently is traded at the price of $16.02 with a market cap of $1.8 billion. BNB is running green with a hike of 11.02% in the past 24 hours