BNB managed to hit a new ATH with 0.013358 BTC, breaking the all-time record against Bitcoin (BTC). BNB has been outperforming Bitcoin since May 12 and is doing quite well despite the bear market.
BNB's market cap is currently around $48.6 billion, making it the 5th biggest cryptocurrency by market cap. BNB's market cap is almost 3 times larger than its closest follower. Also, by market cap excluding stablecoins, BNB is the biggest cryptocurrency after Bitcoin (BTC) and Ethereum (ETH). According to the market cap, Tether (USDT) ranks 3rd and USD Coin (USDC) ranks 4th.
BNB managed to hit an all-time high for 0.013358 BTC today. BNB hit an all-time high of 0.012352 BTC in May 2021 against Bitcoin. It reached a new peak after about 16 months. Currently, BNB is trading at 0.013358 BTC.
The BNB/BTC parity fell to 0.008126 BTC on May 12. According to today's data, BNB seems to have gained about 63% against BTC.
BNB is currently trading at $303. BNB dropped as low as $183 in the 2nd week of June and seems to have gained about 65% with a successful recovery in 7 weeks.
The BNB/USDT pair is far from the all-time record. BNB hit a new ATH of $691 in May 2021 and is now about 128% behind its record. Frankly, this is not so bad when we look at many cryptocurrencies.
In addition, 1,959,595.29 BNB was burned last month. According to the BNB price on July 13, the market value of the burned BNB was approximately $444,632,106. Every 3 months, a portion of BNB is burned and I really like when a cryptocurrency is burned.
BNB has been charting quite well lately and has the desire to move higher. I don't know if it will reach a new ATH this year, but if it continues to rise like this, it seems possible.
We'll wait and see.
I am very optimistic for BNB and I think it will rise more in the future. what's your opinion? I will be glad if you write a comment.
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