Binance coin replaces the big boys, taking fourth place
Following in the footsteps of Elon Musk, it appears that the CEO and co-founder of that cryptocurrency has entered the front line with the major currencies.
During the past minutes, the BNB / USD currency has succeeded in displacing major currencies to occupy an advanced position among the cryptocurrencies in terms of market value after recording those record levels.
BNB, a cryptocurrency that powers the Binance platform, is the original coin of the Binance chain.
Binance is the largest cryptocurrency platform in the world, with a daily trading volume of more than $ 7 billion, and BNB as the platform's parent currency benefits from the network’s influence and growth.
During the past few hours, Binance jumped by more than 40% to reach new record levels at $ 185 per unit, while the currency has increased by about 50% over the past seven days, by more than 300% within a month.
The market value of Binance jumped to levels of $ 29 billion, to displace Polka Dot and XRP.
While it stands steps away from the Cardano coin, which has a market value of $ 29.5 billion, and is ranked fourth among the cryptocurrency by market value.
The rise of Binance was fueled by the tweet of the founder and CEO of Binance, who said I think BSC has passed the tipping point now.
All other portfolios and instrument makers will want to have a BSC, indicating that it is in a better price cycle at the moment.
The number of units of Binance currency is 170.5 million units, while the current supply of units has reached 154.4 million units. The recent period witnessed a remarkable increase in Binance trading volumes.