Binance Coin $BNBUSDT PT 700 and higher
Binance Coin’s Surge Elevates Token to Ranks of Crypto Titans
Binance Coin has strengthened its position as one of the world’s largest cryptocurrencies after an 18% rally in the past 24 hours knocked back its rivals for the third spot behind Bitcoin and Ether.
Issued by the world’s largest crypto exchange, the digital coin commonly known as BNB now has a market capitalization of $89.4 billion, according to CoinMarketCap.com. That makes it the third-most valuable cryptocurrency behind Bitcoin at $1.1 trillion and Ether at $246 billion. The token has traded places with Tether and other coins for weeks, underscoring BNB’s increasing importance in the crypto ecosystem.
Coinbase Global Inc.’s public debut this week is one reason for the recent jump. Digital coins of other cryptocurrency exchanges have been on a tear as well, with coin of exchange Uniswap up 12% in the past 24 hours, and the token of FTX exchange up nearly 6%. Coinbase, the largest U.S. crypto exchange, will be the first major cryptocurrency company go to public with an estimated valuation of about $100 billion.
Binance Coin has strengthened its position as one of the world’s largest cryptocurrencies after an 18% rally in the past 24 hours knocked back its rivals for the third spot behind Bitcoin and Ether.
Issued by the world’s largest crypto exchange, the digital coin commonly known as BNB now has a market capitalization of $89.4 billion, according to CoinMarketCap.com. That makes it the third-most valuable cryptocurrency behind Bitcoin at $1.1 trillion and Ether at $246 billion. The token has traded places with Tether and other coins for weeks, underscoring BNB’s increasing importance in the crypto ecosystem.
Coinbase Global Inc.’s public debut this week is one reason for the recent jump. Digital coins of other cryptocurrency exchanges have been on a tear as well, with coin of exchange Uniswap up 12% in the past 24 hours, and the token of FTX exchange up nearly 6%. Coinbase, the largest U.S. crypto exchange, will be the first major cryptocurrency company go to public with an estimated valuation of about $100 billion.
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