Binance Coin has recently experienced a parabolic journey and their market capitalization has spiked over Tether and Cardano after the crypto surged almost 50% in the past 24 hours.
Binance Coin is presently ranked as the 3rd most valuable cryptocurrency in the whole world after they have successfully managed to jump over 100% within a short span of 7 days. Their entire market cap has exceeded a whopping $38 billion on 19th February, Friday and this indicates that they have surpassed Tether and Cardano.
Binance Coin Becomes 3rd Valuable Cryptocurrency
Binance coin is a token of Binance cryptocurrency exchange and has recently released important gains from the beginning of 2021. In addition, BNB had started this year of 2021 with a price mark of about $37. As of today, they have managed to register their all-time high price that stands at $275.
The market capitalization of BNB in the digital asset is presently increased over 500% within the past 6 weeks. Binance Exchange also witnessed an exponentially fast-paced spike in trading volumes over the past few months due to the increasing interest from institutional and retail investors.
The company has lately posted their 2021 report of Global Crypto User Index which mentions that the acceptance of cryptocurrency assets has motivated following the major support shown by big players towards the cryptocurrency market. Additionally, the reports also state that approximately 60% of the crypto users have shown a preference for exchanges in order to store the digital assets.
In the past 7 days, Bitcoin has been trading above $52,000 while Ethereum is trading at $1,900. The entire market cap of cryptocurrencies has surpassed $1.58 trillion on Friday and added almost $150 billion within the past week.
