Binance report: REN is the crypto that has risen most in July
Blockchain

Binance report: REN is the crypto that has risen most in July

By Alfredo de Candia - 7 Aug 2019

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A Binance report was published yesterday on the general performance in July of the various crypto listed on the platform.

The report includes several sections and charts and, with regard to the main assets by capitalisation order, BTC, ETH, XRP, LTC, BCH, BNB, EOS, XLM, there is a negative trend with an average of -23%.

The section on the top gainers and losers on Binance shows the REN token as the one with the best performance.

Whereas among the top losers, there is Algorand (ALGO) that, despite the introduction of Tether (USDT) on its blockchain, was not able to maintain a high price, remaining at about $0.70.

The Binance report also mentions the new listings that took place on the main platform (CEX), including the Dogecoin (DOGE) cryptocurrency in the first week of July and the GBP stablecoin.

On Binance’s DEX, in July the token Harmony (ONE) was listed, which had been launched through an IEO (Initial Exchange Offer) and which, a few hours after its launch, saw an increase in volumes of around 800%.

Finally, there is also a margin trading section with new assets such as EOS added in July.

Binance’s report concludes by pointing out that in July, bitcoin dominance reached its peak of 64% but that in their view, sooner or later, BTC dominance levels will return to lower values in the range of 50 to 60%.

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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