BNB Is Smashing the Gains in Bitcoin and Ethereum This Year. Here’s Why.
If you think bitcoin is having a good year, you might want to check out the world’s third-largest cryptocurrency.
With little fanfare, BNB has quietly been beating other major cryptos. The token, which is the native crypto issued by Binance, is up 129% in the last year, soaring past bitcoin’s 97% return and ethereum’s 84% gain over that time frame.
The run-up has been especially pronounced in the last month. BNB is up 29% since the start of October, with the coin’s market cap swelling by over $41.7 billion over that timeframe, according to data from CoinMarketCap.
What’s driving the rally
1. Growing adoption
Binance has gained momentum in the last year as crypto trading surges amid the latest rush to all-time…
