BNB far exceeds Bitcoin and Ethereum! Binance Coin has skyrocketed by 1,300% this year

Although Bitcoin has been in a slight downturn recently and is still achieving good results in 2021, according to the latest information, among the top 3 cryptocurrencies by market value, Binance Coin (BNB) has soared by about 1,300% this year, surpassing its two major competitors. Bitcoin and Ethereum.

"Bloomberg" reported that, according to data from Arcane Research, the Binance coin issued by the cryptocurrency exchange Binance rose nearly 1,300% in 2021. In contrast, Bitcoin is up 65% this year, and Ethereum is up 408%.

The report pointed out that BNB is widely adopted on the Binance platform. It is also the native token of Binance Smart Chain. The blockchain platform supports smart contracts for other applications such as decentralized finance (DeFi). . Arcane Research pointed out that as Binance Smart Chain becomes a challenger to the Ethereum blockchain, it will help promote the continued growth of BNB.

Other altcoins have also benefited from the surge in interest in digital assets and the expansion of the crypto ecosystem this year. For example, the cryptocurrencies Solana and Fantom, which are related to other blockchain platforms and support smart contracts, have even exceeded BNB this year.

Arcane Research pointed out that despite Bitcoin's strong performance in 2021, they have observed a steady stream of funds flowing to altcoins. The company's analysts predict that cryptocurrencies related to Meta Universe, GameFi, and Ethereum Killer will have strong momentum.

According to CoinMarketCap data, as of 13:22:37 pm Beijing time, Binance Coin has fallen 3.21% in the past 24 hours, temporarily trading at US$518.6.