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Binance coin market cap shoots to $100 billion and now its bigger than Airbus and Zoom
May, 07 2021
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According to?finance Magnates, the news speaks that Binance Coin (BNB) added more than 20% in its value during the last 7 days the last update as in May’21.
It touched an all-time great of around $680 yesterday. The world’s 3rd biggest cryptocurrency crossed the market cap of $100 billion currently after a jump of nearly 3% in the last 24 hours.
Binance Coin is only the third digital currency to realize a market cap of $100 billion after Bitcoin and Ethereum.
The cryptocurrency overlapped the market cap of $50 billion in the first week of April 2021.
BNB’s market power has enlarged knowingly meanwhile the initiative of 2021. Binance Coin now accounts for close to 4.5% of the entire crypto market cap, the highest level on record.
On 1 January 2021, Binance Coin was exchanged at around $37. The digital currency is at present up by more than 1,750% within the last 4 months which makes it the best-performing cryptocurrency and is amid the top 3.
Highlights:
BNB’s market cap presently position at $100.74 Billion
Binance Coin has developed the third digital asset with a market cap exceeding $100 Billion
Binance Coin now values more than Snapchat, AirBus, Zoom, and GlaxoSmithKline
Binance Coin published a new all-time high of $666 – Binance amount – and could keep rising
Underlying Issues that Powered Binance Coin (BNB) Main Rally
BNB is the inherent coin to the biggest cryptocurrency talk by daily traded volume. Remarkably, the asset is used to wage fees on the Binance ecosystem, thus generating a major utility.
Run by CEO CZ, Binance established one of the classiest and at the same time user-friendly blockchain called Binance Smart Chain.
Due to minimum transaction fees and advanced throughput in comparison to other leading smart contract blockchains, Binance Coin has constantly risen hugely.
BNB has meaningfully outperformed other top digital assets, mainly fueled by retail speculation.
In practice, the Binance coin (BNB) has developed extremely thanks to the crazy speculation besides the ecosystem development.
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Shivangi Mujumdar
CBW - External Analyst
INDIA
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