Bitcoin has seen a slight decline recently and is still bullish in 2021, but according to the latest data, among the top three cryptocurrencies by market cap, Binance Coins (BNB) has risen 1,300% this year, beyond the second. The main competitors are Bitcoin and Ethereum.
“Bloomberg” reports that Binance coins issued by the Binance cryptocurrency exchange will rise nearly 1,300% in 2021, according to data from Arcane Research. By comparison, Bitcoin is up 65% this year and Ethereum is 408%.
According to the report, BNB has been approved by the Binance platform and is still a key player in the Binance Smart Chain, and the blockchain platform supports smart contracts for other applications such as decentralized finance (DeFi ). Arcane Research notes that Binance SmartChain will support BNB’s further development as it becomes a competitor to the Ethereum blockchain.
Other altcoins have also benefited from the surge in digital profits this year and the expanding cryptocurrency ecosystem. .
Arcane Research notes that despite Bitcoin’s strong performance in 2021, it has seen a steady influx of funds into altcoins. Company analysts predict that cryptocurrencies linked to Metaverse, GameFi, and Ethereum Killer will have strong potential.
According to data from CoinMarketCap, at 1:22:37 p.m. Beijing time, Binance coins have lost 3.21% in the past 24 hours, temporarily trading at US $ 518.6.