Binance Coin News: Forget Bitcoin And Ether, The Number 3 Coin Gained 1,300% In 2021
ndtv.comThis year, the old guard of cryptocurrencies lost ground to tokens with greater returns. Researchers predict the trend may continue.
Among the three largest digital tokens by market value, Binance Coin, or BNB, significantly outperformed its two larger rivals Bitcoin and Ether. The coin -- issued by crypto exchange Binance Holdings Ltd. -- gained roughly 1,300% in 2021, according to Arcane Research. By comparison, market leader Bitcoin increased 65% while Ether, the second-biggest token, rose 408%.
Photo Credit: Bloomberg
BNB is used widely on Binance, the world's biggest crypto exchange by volume. It is also the native currency of Binance Smart Chain, a blockchain platform that supports smart contracts for use in decentralized finance (DeFi)
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