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Binance Exchange Token Price Increases BNB Capitalization To $ 100 Billion

Date: 03.05.2021

Binance Coin unveiled reports last week that provided users with complete information on the companys earnings and financial health. For the first time, the total value of the tokens held by the company has exceeded $ 100 billion. Considering the principles of modern capitalization, this is the third largest asset in the world after Bitcoin and Ether. The latter has recently exceeded $ 350 billion.


At the moment, Binance Coin continues to regularly update the relevant information and now its value has risen to $ 652. In April, its cost was only another $ 600, but after that it dropped again, to about $ 430.


The growth and popularization of BNB is due to the fact that activity in the blockchain is rapidly increasing. Other developments and projects are also breaking all kinds of records.


For example, the tokens of the PancakeSwap company have skyrocketed in value in just a few days, increasing their initial value by 36 percent.
Interesting fact: the currency is so popular among users that its spread does not alienate investors. They understand that they may face scammers and constant hacks, but this has absolutely no effect on the value of the coins and on the growth of their popularity. An example is the Spartan Protocol Corporation, which is a specialist in synthesized assets. The employees are all long-term employees, but this did not save the organization from losses in the amount of $ 30 million. A couple of days before this incident, another equally well-known company lost more than $ 50 million.
A representative of Binance Coin recently gave an interview for Bloomberg magazine, where he drew attention to the fact that cryptocurrency has a low level of volatility and is a profitable investment, a good investment. So far, volatility is only 60 days, but such indicators were in effect at the beginning of 2021.


Volatility is constantly manifested, it is considered a unique phenomenon that is unique only to the cryptocurrency market. The company representative noted that they conduct a lot of research and tests, work on the introduction of new technologies, attract the worlds best specialists to understand this issue and increase profits.