As revealed in the recent data, the native token of Binance Exchange and the third-largest cryptocurrency Binance Coin has touched its all-time high. The native token which powers the Binance Smart Chain has risen to a new peak and at the time of writing this article, BNB is being traded at $552.11.
Binance Coin Touches $628 as Rally Continues
The third-largest cryptocurrency in the world has recently managed to touch its all-time high as the rally continues.
Since the beginning of this year, the coin has managed to rise by around 1500% and as of now, the market capitalization of the crypto asset stands at $95,463,278,717.
Well, if the rally continues to exist then there are chances that Binance Coin will be able to overtake Ethereum and become the second-largest cryptocurrency.
Also, it should be noted that BNB is the major competitor of Ethereum by DeFi projects at the moment. Moreover, the added advantage that BNB has over Ethereum is the comparatively lower fees than ETH.
At the time of the ICO of Binance back in the year 2017, BNB was being traded at $1 and now the asset is trading over $632.
BNB Becoming the Second Largest Cryptocurrency
If this bull run doesn’t end soon, then there are chances that the title of the second-largest cryptocurrency in the world after Bitcoin will be shifted from Ethereum to Binance Coin.
As of now, the cryptocurrency has managed to rise to $632 on the Binance exchange, and the bull run has been surging at the rate of light as the native token of Binance, Binance coin broke the mark of $400 on April 6, that is a week ago.
It will be interesting to see where this bull run in the crypto market is heading and what surprises it has in its basket for Binance Coin. Well, amid this high volatility, it will be difficult to say where it will end for BNB.