The native cryptocurrency of crypto exchange Binance, Binance Coin (BNB), became the third digital currency in the world to reach a market cap of $50 billion after BNB jumped nearly 25% in the last seven days. At the time of writing, BNB is trading near $350 with a market cap of more than $53 billion.
Binance Coin becomes the third leading cryptocurrency.
According to the latest data published by Coinmarketcap, Binance’s BNB is the 3rd most valuable cryptocurrency in the world after Bitcoin and Ethereum. Binance Coin has gained significant value since the start of this year as the digital currency jumped nearly 800% in the last 13 weeks. Binance Coin was created and launched by the crypto exchange in 2017. Several crypto organizations around the world are accepting BNB as a payment method. At the start of this year, BNB was trading at approximately $37. Due to the recent rise in Binance Coin’s price, crypto whales have started moving the digital currency in large amounts.
BNB is now up more than 50% in the last 30 days.
Binance Coin was one of the best-performing digital currencies among the top 5 this year. The cryptocurrency is now up more than 50% in the last 30 days. Cryptocurrency Polkadot and Ethereum have also performed well in the last month. At the moment world’s top 5 cryptocurrencies include Bitcoin, Ethereum, Binance Coin, Tether, and Polkadot. Tether’s current market cap stands at around $42 billion, followed by Polkadot (DOT) at $39 billion. Bitcoin remained the world’s largest cryptocurrency by market cap with a total value of nearly $1.1 trillion. According to the latest report published by Binance Research, around 60% of global crypto users prefer exchanges to store their digital assets.