Binance Coin becomes the third-largest crypto following parabolic rally

Binance Coin (BNB), a cryptocurrency issued by the world’s largest crypto exchange Binance, has hit a major historical milestone, becoming the third-largest coin by market capitalization for the first time in history.

At the time of writing, BNB’s market cap stands at $38 billion, outstripping the biggest stablecoin Tether (USDT) by about $5 billion, according to data from crypto tracking source CoinGecko.

Binance Coin is trading at $257, up 47% over the past 24 hours and skyrocketing 107% over the past seven days at publishing time.

Source: CoinGecko

Alongside propelled growth in market capitalization, BNB also saw a major spike in daily trading volumes, which saw the average daily trading volume of Binance Coin hit a new all-time high of $14 billion today, up from around just $9 billion yesterday.

Binance Coin’s entrance to the top three coins by market cap follows a massive rally. As reported by Cointelegraph, BNB recorded a major surge yesterday, outperforming XRP and becoming

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Author: dev


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