Binance established itself as the largest cryptocurrency exchange in the cryptosphere, and its token, Binance Coin [BNB] has lived up to expectations by climbing into the top 10 cryptocurrencies list. The coin climbed to the eighth position and registered a significant gain.
Forbes, a prominent publication, acknowledged the exchange’s performance along with the soaring token. This post was shared by the CEO on his Twitter social media handle.
Tron foundation’s CEO and founder, Justin Sun congratulated CZ for the achievement and called BNB the “new Bitcoin.” Sun was quoted saying,
“Huge Congrats on $BNB, a new #Bitcoin.”
Binance has been growing in popularity and Mati Greenspan, eToro’s senior analyst, had spoken about its industry dominance earlier. Greenspan said,
“Binance coin has been able to buck the crypto correlations principally because people buy it as a way of speculating on industry growth. If the markets are moving it means people are trading, and Binance has a big share of those volumes.”
At the press time, BNB was valued at $13.47 with a market cap of $1.9 billion. The token registered a 24-hour trading volume of $158 million while noting a growth of 0.44%. The coin noted a 37.7% rise in its price over the past week but has dipped by a minimal 0.28% over the past hour.
The token was highly traded on its parent exchange Binance, as it registered a cumulative volume of more than $100 million with BNB/USDT and BNB/BTC pairs. P2PB2B came close to Binance as it registered a volume of $10 million on the BNB/BTC pair.
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