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Binance Coin (BNB) Trumps Tron (TRX), Becoming 9th Biggest Cryptocurrency on CMC. Is Stellar (XLM) Next?

  • Alex Dovbnya
    📰 News

    The domination of Binance Coin (BNB) comes as big switcheroo to some, but it seems like this cryptocurrency has no brakes

Binance Coin (BNB) Trumps Tron (TRX), Becoming 9th Biggest Cryptocurrency on CMC. Is Stellar (XLM) Next?
Cover image via u.today
Contents

Binance Coin (BNB), the native token of the number one exchange by trading volume, has experienced an 11.35 percent price spike on March 1. That allowed the coin to reach its new ATH and surpass Tron (TRX) on CMC.
Binance Coin (BNB) Trumps Tron (TRX), Becoming 9th Biggest Cryptocurrency on CMC. Is Stellar (XLM) Next?

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Cracking into the top 10

As reported by U.Today, BNB made it to the CMC top 10 on Feb. 6, surpassing Bitcoin SV (BSV). At that time, the coin’s price was sitting at $8.09, but it has increased to $11.62.      

Shortly after that, the Binance team explained why the coin might be picking up steam. The foray of the exchange into the fiat-to-crypto niche and Binance Launchpad are among the main reasons.

Making major coins worried

Now that Binance Coin (BNB) has trumped Tron (TRX), it has another target in its crossroads — Stellar (XLM). A cursory glance at the market capitalizations of the two biggest currencies shows that the gap is very small, and it’s highly likely that Binance Coin (BNB) will eventually surpass Stellar (XLM) if it keeps its momentum going.          
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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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