Binance Coin Becomes $100 Billion Cryptocurrency

Binance Coin (BNB) added more than 20% in its price during the last 7 days and touched an all-time high of approximately $680 yesterday. The world’s 3rd largest cryptocurrency crossed the market cap of $100 billion today after a jump of nearly 3% in the last 24 hours.

Binance Coin is only the third digital currency to achieve a market cap of $100 billion after Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term and Ethereum. BNB is up by more than 100% in the last 30 days. The cryptocurrency crossed the market cap of $50 billion during the first week of April 2021.

BNB’s market dominance has increased significantly since the start of 2021. Binance Coin now accounts for nearly 4.5% of the total crypto market cap, which is its highest level on record. On 1 January 2021, Binance Coin was trading at around $37. The digital currency is now up by more than 1,750% within the last 4 months which makes it the best-performing cryptocurrency and is among the top 3.

The total market cap of BNB is now greater than several financial services companies, including S&P Global and BNP Paribas.

Binance Coin’s Network Activity

BNB’s on-chain activity has gained momentum due to the latest surge in the price of Binance Coin. Trading volumes along with the number of BNB transactions have increased substantially during the last few months. BNB remained one of the most popular trading assets among retail and institutional traders in the latest crypto rally. The recent surge in BNB accelerated the liquidation of short BNB positions. According to the latest data published by crypto Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term platform Bybt.com, nearly $10 million worth of short BNB positions got liquidated in the last 24 hours.

In his latest tweet, Changpeng Zhao, CEO of digital exchange Binance, highlighted the importance of knowledge about BNB’s ecosystem and asked people to learn about Binance Coin. “Don't buy BNB if you haven't spent more than 3 full days learning about it. Its ecosystem is large and will take a while to understand. Don't just buy it because its price has been going up,” Zhao tweeted.