Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Binance Smart Chain + Ecosystem => Binance Coin (BNB) => Topic started by: Tnoy30 on April 12, 2021, 10:56:07 AM
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To date, Binance Coin has rallied 900%, which makes the token’s $64 billion market cap larger than Santander, the Bank of Montreal and UBS.
2021 has been an impressive year for Binance Coin (BNB), which so far has rallied by more than 900%.
One of the primary drivers of BNB's growth was continued congestion on the Ethereum network. As this struggle carried on, Binance Smart Chain (BSC) emerged as an alternative, meeting the rapidly growing decentralized finance (DeFi) sector's demands.
As BNB reached a $64 billion market capitalization, it has surpassed traditional banks, including Santander, the Bank of Montreal, and UBS. Meanwhile, some analysts point to the estimated value and impact of Coinbase's upcoming direct listing ($100-billion valuation) as a catalyst for the BNB price hike.
Source: Binance Coin (BNB) market cap passes Santander and UBS — What’s next? (https://cointelegraph.com/news/binance-coin-bnb-market-cap-passes-santander-and-ubs-what-s-next)
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This BNB is very extreme because every day the price continues to rise and everyone must have large funds for BNB's profit because in October the price of BNB is around 10-20 USD.
Look now this market cap from BNB overtakes the finances of the famous bank Santander and this is truly extraordinary BNB. We Love Cz!
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Yes this year is a golden time for BNB and Binance. Binance made huge money from BNB.
The main reason for BNB price increasing so high was because of BSC. This decision started huge rally on the market and tge bull run also helped it a lot. Today i just saw the BNB increasing by 100$ within hours.
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The growth figures are really impressive, but I am sure that this is not the limit and in the future the coin will continue to grow due to the growing demand for BNB, since BNB is used as a payment for transactions in the BSC network.
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The BSC network currently has a lot of transactions. So many people are benefiting by transacting on this network. Because the fee for the transaction is much lower. Those who trade here feel much more comfortable. So various experts have already said that the market cap will increase dramatically.