Binance Coin (BNB) Hits New All-Time High of $628 As Rally Continues
The third largest cryptocurrency reaches a new all-time high as it continues to rally
Binance Coin (BNB), the native token of Binance exchange, which also powers the Binance Smart Chain, has soared to the new peak. BSC is the major rival of Ethereum by DeFi projects at the moment with fees much lower that what ETH offers.
At the time of writing, BNB is exchanging hands at $618 and it keeps going up.
Since the beginning of 2021, the coin has surged a whopping $1,500. By now, its market capitalization has reached $95,463,278,717.
If this mind-blowing growth rate continues, BNB has good chances of overtaking Ethereum by market cap and pushing it from the top-second spot on CoinMarketCap.
When Binance conducted the 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 going at the speed of light as BNB broke above the $400 level only on April 6 – less than a week ago.