BNB

The cryptocurrency belonging to the Binance exchange is in the top three blockchain-based projects in terms of market capitalization, ahead of Tether (USDT) and XRP (XRP)! What is currently happening on the BNB chart?

Binance Coin Up Strong!
The BNB price soared. Yesterday's session on the cryptocurrency chart opened at $ 165.02 per coin and closed close to $ 195.93 - which in turn gives us an increase of 18.73%.

Binance Coin is not slowing down, its rate is currently trading close to $ 300 per coin and its market capitalization has risen to $ 45.6 billion! Thus, BNB was ranked third in the CMC ranking, leaving USDT and XRP behind!

What led to such a strong price recovery?

The current situation on the BNB chart is associated with a growing demand for a project from the decentralized finance sector based on the Binance Smart Chain - PancakeSwap. Yesterday, this platform even surpassed Uniswap in terms of trading volume.

A few hours ago, Changpeng Zhao, CEO of the Binance exchange, mentioned that BNB has grown 480 times in relation to Bitcoin in the last 3.5 years. At the same time, he emphasized that the main goal of this cryptocurrency has always been to grow faster than BTC. He also mentioned the great effort his team put into this project. At the same time, he admitted that if he were not successful, his raison d'être would not make sense - "it would be better to buy Bitcoins and do nothing".