Binance Coin reaches 37% of Ethereum’s market cap: 3 reasons why BNB is soaring
Binance Coin, the native cryptocurrency of Binance Chain, has been surging with a massive uptick in transaction volume. Binance Coin (BNB), the native cryptocurrency of Binance Chain and top digital asset exchange Binance, is starting to close in on Ether (ETH) in market capitalization. As of Monday, BNB is valued at $87 billion at the price of just under $600. The valuation of Ether is hovering at around $246 billion, which is 2.8 times larger than that of Binance Coin.$BNB volume > $BTC volume. Congrats @Binance @cz_binance pic.twitter.com/vLkdGBnnIt— Joe Grech (@JoeBGrech) April 12,....
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Binance coin price is up over 7% and it is outperforming bitcoin against the USDT. BNB could rally further if it clears the $35.50 resistance zone in the near term. Binance coin price is gaining bullish momentum above the $32.00 resistance against the USDT. The price is testing a major hurdle near $35.50 and the […]
There’s less than 24 hours standing in between now and the time San Francisco-based cryptocurrency exchange Coinbase is listed publicly for the first time. The shot heard ’round Wall Street has caused exchange tokens in particular to surge. One of the biggest benefactors has been competitor platform utility token, Binance Coin, along with other similar […]
Binance Coin should do to Ethereum what Bitcoin is doing to gold: eating a good portion of its market capitalization by acting as a better alternative. That was pretty much what Changpeng Zhao, the founder/CEO of Binance cryptocurrency exchange, dictated in his series of tweets on February 28 as he pitted their Binance Smart Chain […]
It’s official, this was Binance Coin’s year. There are no two ways about it, BNB crushed it throughout 2021 and cemented itself as the third more popular coin in the world by market capitalization. Not a small feat, considering the phenomenal year that altcoins had. Several projects had their moment in the sun, capturing capital, headlines, and attention. No one got near Binance Coin, though. Binance Coin's stellar performance | Source: The Weekly Update According to Arcane Research’s The Weekly Update: “Bitcoin may have beaten the stock market in 2021, but it has been left in the....
Binance, one of the leading cryptocurrency exchanges, is once again in the spotlight for some intriguing reasons. Recent reports suggest that the platform might be engaged in selling Bitcoin to bolster the value of its native cryptocurrency, Binance Coin (BNB). This development comes at a time when the crypto exchange is grappling with a series […]