The Binance token toppled the stablecoin tether and is the third largest crypto asset by market capitalization. After the month of February started a little below $ 50, the token passed the $ 250 mark on February 19. At the time of writing, the token is hovering around its all-time high (ATH) and trading at $ 262.
At that price, BNB’s market capitalization is currently over $ 38 billion. That’s nearly $ 4 billion more than Tether’s. In the meantime, before the February price breakout, the token had gradually risen alongside other exchange goods. However, there have been two significant price eruptions since early February.
On its first major rally, the token rose from just under $ 50 on Feb. 1 to $ 147 by Feb. 10, a jump of nearly 200%. After a seven-day hiatus, the token resumed the rally on February 16 and, at the time of writing, the token’s value had doubled in just 72 hours.
In the meantime, the performance of the BNB token is also reflected in other stock market values. According to Messari, the majority of the ten largest stock exchanges have doubled in value in the past seven days. In the past 24 hours, only four top ten stock market assets were down, namely UNI, SUSHI, ZRX and LRC.
What do you think of the BNB token’s performance over the past few days? You can share your views in the comments section below.
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