\u201cMany thanks to @CoinMarketCap for updating the $BNB circulating supply. Doing ranking is much much harder than people imagine. Keep up the good work.\u201d<\/em><\/p>\nThis simple act of updating the circulating supply for BNB catapulted the coin\u2019s market cap past the $1 Billion threshold. As of press time, the coin is now worth $1.15 Billion as compared to Bitcoin SV\u2019s $1.02 Billion market cap.<\/p>\n
The rise of the Binance coin may not be solely pegged to the coin burn, but also the fact that the parent company has been in the news over the past several days advocating the #BUIDL ethos. Last week, Binance Launchpad, launched a token sell for the highly anticipated BitTorrent (BTT) token that was hugely successful. For any individual to participate in the sale, they had to acquire either BNB or Tron\u2019s TRX.<\/p>\n
On the heels of this launch, this week the Launchpad has also announced the launch of another project through a crowdsale slated for February 25th. This news could have contributed to the buzz around the Binance platform and by extension the Binance coin resulting in the upward trend in the BNB charts.<\/p>\n
The markets today have experienced a minor drop following a 1.5% (over the past 24 hours) downward action by Bitcoin. Every other coin in the top 20 by market cap is in the red except Binance coin and Tether stablecoin.<\/p>\n","protected":false},"excerpt":{"rendered":"
Binance coin (BNB) is officially in the crypto \u201chall of fame\u201d squeezing its way into the coveted top ten spot for cryptocurrency\u2019s most valuable digital assets by market cap. Binance coin flipped Bitcoin SV which has been on a downward trajectory for the better part of this year.<\/p>\n","protected":false},"author":5,"featured_media":12206,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74],"tags":[4601,5067],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/12205"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=12205"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/12205\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/12206"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=12205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=12205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=12205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}