Binance Coin (BNB) Outperforms BTC, ETH and XRP On Sustained Bull Rally
The post Binance Coin (BNB) Outperforms BTC, ETH and XRP On Sustained Bull Rally appeared on BitcoinEthereumNews.com. Key Notes BNB’s percentage price surge within the last 24 hours has far outperformed that of BTC, ETH, and XRP. Trading volume is soaring for BNB, but Bitcoin and other altcoins are seeing a receding trend. The VanEck BNB ETF filing might be the ultimate trigger for the ongoing Binance Coin rally. Binance Coin (BNB) has successfully hit a three-month high, backed by the positive sentiment in the market, as showcased by several metrics. The BNB Chain is recording increasing institutional adoption, improved Decentralized Finance (DeFi) activity, and a transaction surge. The contributions of these metrics have placed BNB above Bitcoin (BTC), Ethereum (ETH), and XRP in daily gains today. BNB Price and Trading Volume Beats BTC, ETH, and XRP BNB traded at $659.06 at press time, corresponding with a 4.36% increase in 24 hours. Over the last seven days, the coin has registered a more than 10% price increase. While this price action could be attributed to the broader crypto market rebound, especially with Bitcoin surging past $103,000, the record-breaking activities in the BNB Chain ecosystem remain a crucial contributor. Compared to BNB, BTC has recorded only a 0.94% price rally within the same period and is now trading at $103,841.10. ETH is not doing any better, with only a 2.86% increase and a current market value of $2,411. ETH’s current price is a remarkable increase for a coin with difficulties breaching the $1,800 support level. However, it is still underperforming in comparison to BNB. The sentiment around XRP is quite positive, with the coin exhibiting a bullish resilience. According to data from CoinMarketCap, the Ripple-associated crypto is now trading at $2.39, following a 1.44% price gain in the last 24 hours. On the daily chart, BNB has recorded more gains than all three top coins. BNB Daily Price…
The post Binance Coin (BNB) Outperforms BTC, ETH and XRP On Sustained Bull Rally appeared on BitcoinEthereumNews.com.
Key Notes BNB’s percentage price surge within the last 24 hours has far outperformed that of BTC, ETH, and XRP. Trading volume is soaring for BNB, but Bitcoin and other altcoins are seeing a receding trend. The VanEck BNB ETF filing might be the ultimate trigger for the ongoing Binance Coin rally. Binance Coin (BNB) has successfully hit a three-month high, backed by the positive sentiment in the market, as showcased by several metrics. The BNB Chain is recording increasing institutional adoption, improved Decentralized Finance (DeFi) activity, and a transaction surge. The contributions of these metrics have placed BNB above Bitcoin (BTC), Ethereum (ETH), and XRP in daily gains today. BNB Price and Trading Volume Beats BTC, ETH, and XRP BNB traded at $659.06 at press time, corresponding with a 4.36% increase in 24 hours. Over the last seven days, the coin has registered a more than 10% price increase. While this price action could be attributed to the broader crypto market rebound, especially with Bitcoin surging past $103,000, the record-breaking activities in the BNB Chain ecosystem remain a crucial contributor. Compared to BNB, BTC has recorded only a 0.94% price rally within the same period and is now trading at $103,841.10. ETH is not doing any better, with only a 2.86% increase and a current market value of $2,411. ETH’s current price is a remarkable increase for a coin with difficulties breaching the $1,800 support level. However, it is still underperforming in comparison to BNB. The sentiment around XRP is quite positive, with the coin exhibiting a bullish resilience. According to data from CoinMarketCap, the Ripple-associated crypto is now trading at $2.39, following a 1.44% price gain in the last 24 hours. On the daily chart, BNB has recorded more gains than all three top coins. BNB Daily Price…
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