Is BNB Crypto on Its Way Back to The Heights?
The price of BNB, the digital token that powers the Binance Chain ecosystem, has increased by over 12% in the last week, steadily pulling itself out of the rut it fell into during the recent crypto market crisis, which wiped out billions of dollars in investor funds.
The price of a BNB coin has risen nearly 5% in the previous 24 hours, reaching $329. BNB was trading at around Rs 26,670 on Indian crypto markets at the time of writing.
Meanwhile, after the fall, the market cap of BinanceUSD, the stablecoin offered by the Binance ecosystem, has surged. It is presently rated seventh among the top ten cryptos.
BUSD controls 1.35 per cent of the worldwide crypto markets, while BNB has 4.04 per cent of the market capitalization.
Bitcoin (1st), Ethereum (2nd), Tether (3rd), USDC (5th), XRP (6th), Binance USD (7th), Cardano (8th), Solana (9th), and Dogecoin (10th) round up the top ten (10th).
According to reports, Binance Chain would encourage migration and promote projects from the Terra ecosystem.
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