Binance Coin (BNB) is the cryptocurrency on which the Binance ecosystem is based. Although it was originally released as a token ERC-20 in July 2017 at the blockchain from Ethereum (ETH), the token it later moved to its own network.
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Binance is one of the exchanges of largest cryptocurrencies in the world. According to CoinMarketCap, Binance ranks first among the exchanges cash with a 24-hour volume of almost USD 25,160 million. Second place is for the platform Coinbase Global Inc (NASDAQ: COIN), which has a volume of $ 4.63 billion.
The blockchain of BNB (Binance Chain or BSC) was launched in April 2019 and allows anyone to issue, use and exchange digital assets. This has led to the proliferation of new tokens, some of which have gained popularity in their own right.
Between the tokens of the BSC based on Proof of Stake (PoS) are found PancakeSwap (CAKE), Binance USD (BUSD) and The Graph (GRT).
CAKE, BUSD, and GRT have a market capitalization of $ 5.05 billion, $ 12.67 billion, and $ 4.21 billion, respectively. BNB has a market capitalization of $ 72.6 billion, according to data from CoinMarketCap.
BNB is the fourth token largest by market capitalization, behind Bitcoin (BTC), (ETH) and Cardano (ADA).
How the returns are going
Since the launch of BNB, the exchange of Binance run by Changpeng Zhao has generated greater interest along with the token.
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This year alone, BNB has soared 1,042.5%, outpacing year-to-date gains for both ETH and BTC, which are up 400.95% and 64.73%, respectively.
Dogecoin (DOGE) has advanced an impressive 4,232.64% since the beginning of the year.
History begins to change if we take into account the earnings of the last four years. For comparison, we will take price data from July 25, 2017, the earliest date for which price data is available on CoinMarketCap on BNB.
BNB has risen an impressive 408,379.7% since July 2017. At that time, a single token of BNB was worth about $ 0.11. At press time, BNB was trading 3.98% higher at $ 432.28 after a 24-hour tracking period.
The Shiba Inu-themed DOGE has had an impressive track record since July 2017 and has soared 13,718.39% to date. DOGE was trading at roughly $ 0.0018 at the time. At press time, DOGE was up 2.12% to 24 cents.
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The apex cryptocurrency, BTC, has soared 1,773.8% from the $ 2,576.48 it recorded in July 2017 to its current price of $ 48,278.05.
Lastly, ETH, which is the second largest currency by market capitalization, is up 1,662.30% in a similar period. On July 25, 2017, a single ETH was worth $ 206.71. As of this writing, ETH was up 7.39% to $ 3,642.86 over the course of 24 hours.
Via Benzinga in Spanish
Photo by Executium on Unsplash