Binance Coin largely ignored BTC's recent drop below $10,000 and continued to rise.
Against the backdrop of a decline in the price of BTCLast week, BNB held quite confidently, and over the weekend it broke through the $30 mark.
Binance Coin entered the top five largest todaycryptocurrencies by market capitalization, displacing Polkadot in sixth place. At the time of this writing, the capitalization of BNB is $ 4.8 billion, and the token is trading at $ 33.35.
Some analysts speculate that the rise in the BNB price will continue, and that it may be related to the launch of Binance's DeFi platform, which can use the exchange's native token to harvest.
Subscribe to ForkNews on Telegram
Read this:
BSV takes fourth place in CoinMarketCap ranking
Binance wants to buy CoinMarketCap for $ 400 million
In the new cryptocurrency ranking of China, Tron outperformed Ethereum, EOS is still in the lead
Gemini Exchange Ranks First in CryptoCompare Ranking
Binance returns to first place in CoinMarketCap rating after disappearing adjusted trading volume metrics
CoinMarketCap puts Binance in first place among exchanges