BNB Just Flipped Tether After 40% Surge Towards $250

BNB just flipped tether thanks to the 40% surge towards $250 over the past 24hours as it still powers up the market cap marking a new all-time high so let’s read more in our latest Binance coin news.

Surging over other high-cap cryptos, BNB surged in price today and made a way for its market cap to reach $36 billion which is higher than the current level Tether sits at. BNB is one of the best-performing crypto assets of the day hitting an all-time high of $250 during the Asian trading session on Friday. Over the past week, the Binance coin made a staggering 87% but that’s nothing compared to the 530% gained since the start of the year. The token started its upwards momentum a few days ago and hasn’t stopped climbing since then.

The move-up shook the market cap of other coins, as well as XRP, was knocked out of the top five cryptos for the first time in six years. BNB even managed to flip Cardano and Polkadot but what’s, more importantly, is that BNB just flipped Tether and settled behind Ethereum in the third spot:

“As it should be!! #BNB TOP 3 #Binance is hands down contributing so much value to the space. Well deserved. pic.twitter.com/sSnTrxk9EG

— JL (Make SXP Great Again) (@JLSwipe) February 19, 2021”

Binance’s CEO Changpeng Zhao commented that the token could actually even flip Ethereum while prominent crypto investor DCInvestor stated that the newbie retail traders will be influenced by these types of comments and said:

“it only makes me sad that new, impressionable retail will read stuff like this and think it’s actually possible

spoiler: he’s full of shit and he’s going to dump on your ass pic.twitter.com/iCtEuNlAT8

— DCinvestor | Aftab (@iamDCinvestor) February 19, 2021”

There was plenty of backlashes and the usual crypto tribalism but one responded that:

 “ETH is unusable for nearly every new investor. Whatever offers the chance to escape the fees while providing similar access to alts will thrive. Binance Chain currently holds that lead.”

Ethereum is now at the $220 billion market cap so for BNB to catch it, the coin has to be priced at $1,500. The Binance coin momentum could be coming from the latest Launchpool announcement which is a liquidity farm for DODO, the DEX running on the Binance Smart Chain. All users of the exchange starting today can deposit BNB and the BUSD stablecoin into three farms and earn a million DODO tokens.