Binance Coin (BNB), the best performing cryptocurrency in 2019, is having hard times maintaining its recent gains despite major developments. Meanwhile, the Bitcoin dominance index has hit its highest so far in 2019.
Binance Coin Struggles
As Bitcoinist reported last week, Binance Coin (BNB) 00 is amongst the best performing cryptocurrencies in 2019 so far. Year-to-date, the altcoin has gained around 260 percent. Moreover, a few days ago, BNB became the first to surpass its all-time high value of January 2018.
On a shorter term, however, the cryptocurrency doesn’t seem to be able to maintain its gains.
Since its price surged towards its newly-found ATH on April 20th, BNB has pulled back, experiencing a notable decrease of around 11 percent against the USD.
Against Bitcoin, BNB is down even more with a 16 percent decline.
‘Binance Effect’ Fizzles… For Now
Controversially, the sudden pull-back comes at times when there’s a lot going on for Binance and BNB.
Earlier in this month, Binance launched the mainnet for…