HomeNewscoinquora.comBNB Moves Closer to Overtaking Ethereum’s Market Cap

BNB Moves Closer to Overtaking Ethereum’s Market Cap

- Advertisement -


  • Binance coin hit $86 billion market capitalization, inching closer to flipping Ethereum.
  • The cryptocurrency trades over $600 per crypto.

Binance’s native coin BNB has hit over $86 billion worth of market capitalization and is showing no plans of slowing down. This aggressive approach of BNB in the crypto market threatens the Ethereum market standing in terms of market capitalization.

Furthermore, BNB’s current market capitalization is inching closer to flipping Ethereum’s market cap of $250 billion. Specifically, BNB has already reached 35 percent of Ethereum’s market cap. It means that the token would need to less than triple from here to edge out its primary competitor.

Of note, seeing BNB price going over the $630 mark from now on shouldn’t shock Binance users at all. This just represents that the BNB price rally continues.

Over the past month, Binance Smart Chain (BSC) has developed as a viable Ethereum alternative because of its low fees. It is fully compatible with the Ethereum mainnet. Also, it seamlessly allows smart contract creation. In addition, the BSC staking governance is powered mainly by Binance Coin.

Moreover, the Binance coin hit a $400 price within the Binance exchange last week. While, Ajoobz.com CEO, Elja Boom shared his emotion on Twitter, stating that BNB can now look forward to hitting the $500 digital asset in the crypto market.

Not just this, BNB has sustained among the top ten digital assets by market cap for an extended period. Looking at the BNB’s performance now; some attached its new price rally to be a result of its current Binance Smart Chain (BSC) launch.






Source link

- Advertisement -
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,498FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 63,545.00
ethereum
Ethereum (ETH) $ 3,816.76
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 611.64
litecoin
Litecoin (LTC) $ 186.85
eos
EOS (EOS) $ 4.43
okb
OKB (OKB) $ 19.52
tezos
Tezos (XTZ) $ 6.77
leo-token
LEO Token (LEO) $ 2.98
cardano
Cardano (ADA) $ 2.11
monero
Monero (XMR) $ 253.88
stellar
Stellar (XLM) $ 0.372837
chainlink
Chainlink (LINK) $ 25.71
huobi-token
Huobi Token (HT) $ 7.83
tron
TRON (TRX) $ 0.100117
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 191.76
neo
NEO (NEO) $ 42.87
iota
IOTA (MIOTA) $ 1.23
nem
NEM (XEM) $ 0.167537
zcash
Zcash (ZEC) $ 141.73
maker
Maker (MKR) $ 2,495.60
paxos-standard
Pax Dollar (USDP) $ 0.997671
ethereum-classic
Ethereum Classic (ETC) $ 52.50
vechain
VeChain (VET) $ 0.11676
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 56.36
kucoin-shares
KuCoin Token (KCS) $ 13.90
waves
Waves (WAVES) $ 28.65