Binance’s BNB Token Hits All-Time Excessive in Bitcoin Worth

Binance Coin (BNB), the token issued by the world’s largest cryptocurrency change by commerce quantity Binance, has prolonged its latest positive aspects to set a brand new all-time excessive in bitcoin-denominated worth.

At press time, BNB is buying and selling at 0.002619 BTC ($9.60) however beforehand reached 0.002688 at 10:00 UTC Monday – the cryptocurrency’s highest worth in its total one and half yr historical past, in keeping with knowledge from Binance. 

Binance first listed BNB for buying and selling on July 14, 2017, and the token has achieved an almost 9,600 % return on funding from its December 2017 initial coin offering (ICO) worth of $0.10.

On the similar time, BNB nonetheless has a methods to go earlier than approaching it’s all-time excessive in USD worth. Present figures signify a decline of 58 % from BNB’s USD excessive of $22.48 achieved on Jan. 12, 2018, knowledge from OnchainFX additional reveals.

BNB’s BTC-tied excessive got here after a interval of robust efficiency that performed out over the previous a number of weeks.

As may be seen within the desk under, BNB has considerably outperformed the market chief and world’s largest cryptocurrency bitcoin over the previous 90-days, together with a 35 % enhance prior to now seven days alone when bitcoin rose simply 5 %.

BNB’s latest development has catapulted it to change into the world’s 10th largest cryptocurrency by market capitalization, which now registers $1.33 billion, in keeping with knowledge from Coinmarketcap.com.

Whereas BNB would be the solely well-known cryptocurrency to hit a brand new report of kinds, it has not been the most effective performer.

Knowledge from OnchainFX reveals three cryptocurrencies have outshined BNB prior to now seven days together with ARK, Dentacoin, and Theta Token who’ve printed positive aspects of 35 %, 43 % and 43 %, respectively, towards the US greenback.

Disclosure: The creator holds BTC, AST, REQ, OMG, FUEL, ZIL, 1st and AMP on the time of writing.

Binance phone picture through Shutterstock

Leave a Reply

Your email address will not be published. Required fields are marked *