Binance Coin (BNB) has surprised everyone in the market when it registered a price increase of almost 16% in the last 24 hours. The virtual currency was able to surpass Bitcoin Cash (BCH) as the 7th largest cryptocurrency in the world. Now it is very close to Chainlink (LINK) and Polkadot (DOT).Â
Binance Coin (BNB) has surprised everyone in the market when it registered a price increase of almost 16% in the last 24 hours. The virtual currency was able to surpass Bitcoin Cash (BCH) as the 7th largest cryptocurrency in the world. Now it is very close to Chainlink (LINK) and Polkadot (DOT).
One of the main reasons behind this price increase could be related to the Binance Smart Chain (BSC) launch a few days ago. This blockchain network that aims at supporting smart contracts and also the staking of BNB tokens. Users can become validators and gather BNB tokens on this new blockchain network.
This network has also become one of the largest in the market in terms of usage. According to Changpeng Zhao, the CEO of Binance, the transaction volume of the company reached 10% of the Ethereum (ETH) network just a few days after the official launch.Â
