Analytics / Forex and Crypto News
On February 11, the BNB token (Binance Coin) set a new record for its value in Bitcoins.
Yesterday the BNB token reached a value of 0.002688 Bitcoins for 1 BNB, and this was the highest price of this cryptocurrency for the entire year and a half of its existence.
Binance introduced BNB to its listing on July 14, 2017, and the token reached almost 9,600% of the $0.1 profit from the ICO in December 2017.
It seems that BNB still has the potential for growth and new price records. The current figures are lower by 58% compared with the maximum of January 12, 2018, when the price for BNB in US dollars was $22.46, and in Bitcoins the coin cost 0.00177646 (according to CMC).
In recent weeks, the coin has conquered all new heights in relation to Bitcoins. As can be seen from the table below, BNB even managed to significantly surpass Bitcoin over the past 90 days, and over the past 7 days experienced an increase of 35%, while the growth of Bitcoin over the same period was only 5%.
The recent growth in BNB has also led the coin to the top 10 largest cryptocurrencies by market capitalization. According to CMC, the market capitalization of BNB is about $ 1.34 billion.
During November, ICO-projects sold 416K ETH. This is the largest figure since the summer, reports Trustnodes.
According to Santiment, in August, ICO startups sold only 100,000 ETH. In September, sales of digital currency increased significantly, reaching 300 thousand ETH. In Nov