In the latest digital currency news, we are featuring Binance’s native token – Binance Coin (BNB) – which has surged meteorically this month, leading the market in a new movement. Binance Coin has broken $2 billion in its market cap highs, flipping Tether (USDT) and taking the seventh spot on the cryptocurrency rankings.
With a growth that led the altcoin to the $15 mark, we can see that the last time it was over $15 was in early June 2018 during the bullish momentum. Since then, BNB has dropped to a low of $4.50 but managed to retrace this month, becoming one of the top performing altcoins of 2019 and making a staggering 150% this year alone.
This week alone, Binance Coin has increased by 50%, going from under $10 to over $15 which pushed its market cap over $2 billion for the first time since the big crypto peak that we saw in January 2018.
The epic performance also enabled BNB to flip both Tron (TRX) and Stellar (XLM) in the market cap charts, conquering Tether and moving on to the seventh spot.
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Over the past 24 hours, BNB gained more than 15% and is now less than $200 million in market cap away from Bitcoin Cash (BCH).
In the background of Binance Coin (BNB) is Binance, which appears to be one of the best performing companies in the crypto sphere. The maverick boss Changpeng Zhao (CZ) seems to have taken the lead, becoming one of the icons in the crypto world and a major advocate for crypto adoption.
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