With bullish market momentum shifting gears from one altcoin to the other, at press time, Binance Coin seemed to be taking full advantage of the scenario. In fact, BNB was valued at above $650, extremely close to its previous all-time high of $692 from May 2021.
However, there are certain fundamental differences between Q1 2021 and Q4 2021. And, while both periods exuded bullish behavior, it is important to understand the new developments at the moment.
With a market cap of $111 billion, Binance Coin is slowly extending its lead over a surging Solana.
Source: Dapp Radar
The initial introduction of Binance Smart Chain as a competitive DeFi battleground against Ethereum allowed BNB to scale by over 10x during the beginning of 2021. At the moment,
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