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?
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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Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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