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Binance Coin (BNB) Hits New All-Time High of $628 As Rally Continues

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Mon, 04/12/2021 - 09:39
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Yuri Molchan
The third largest cryptocurrency reaches a new all-time high as it continues to rally
Binance Coin (BNB) Hits New All-Time High of $628 As Rally Continues
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Binance Coin (BNB), the native token of Binance exchange, which also powers the Binance Smart Chain, has soared to a new peak. BSC is Ethereum's major rival by DeFi projects at the moment, with fees much lower than what ETH offers.

At press time, BNB is changing hands at $618, and it keeps going up.

Since the beginning of 2021, the coin has surged a whopping 1,500 percent. By now, its market capitalization has reached $95,463,278,717.

Related
Binance Coin Closer Than Ever to Surpassing Ethereum’s Market Cap

If this mind-blowing growth rate continues, BNB has good chances of overtaking Ethereum by market cap and pushing it from the second spot on CoinMarketCap.

When Binance conducted its ICO back in 2017, BNB was going at something around $1.

By now, Binance has surged to $632 on the Binance exchange. The rally has been growing at the speed of light as BNB broke above the $400 level on only April 6less than a week ago.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.