Main navigation

Binance Coin's Market Cap Tops $100 Billion

Fri, 11/05/2021 - 18:01
article image
Alex Dovbnya
Binance Coin is on the cusp of hitting a new lifetime peak
Binance Coin's Market Cap Tops $100 Billion
Cover image via stock.adobe.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Read U.TODAY on
Google News

The market capitalization of Binance Coin (BNB) has surpassed the $100 billion mark for the first time since May 12.

BNB
Image by tradingview.com

The cryptocurrency is just a hair’s breadth away from touching its peak valuation of $108 billion.

Binance Coin reached its current all-time high of $686 on May 10.

At press time, it is trading at $611 on the Binance exchange.

Related
JPMorgan Names Key Reasons Why Ether Is Superior to Bitcoin
In October, the company announced that it had destroyed a record-breaking $639 million worth of BNB tokens during the third quarter.  

Within the same month, Binance also launched a $1 billion fund for bolstering the Binance Smart Chain ecosystem.

article image
About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with 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, can be contacted at alex.dovbnya@u.today.