The value of BNB, the cryptocurrency coin that strengthens the Binance chain ecosystem, has risen more than 12 percent in the last 7 days, slowly recovering from the recession and the recent crypto market crash that has cost investors billions of dollars. Money
In the last 24 hours alone, the BNB price has risen nearly 5 percent to $ 329. At the time of writing, BNB was trading above Rs 26,670 on the Indian Crypto Exchange.
CoinMarketCap’s data shows that BNB was trading at $ 314.92 on Sunday (May 22) at 8.59 pm. Prices jumped $ 329.56 by 1.04 pm today In the process, BNB regained its position as the fourth largest cryptocurrency in terms of market cap, surpassing USDC, according to data from CoinMarketCap.
BNB dropped to fifth place during the recent crypto market crash which in a few days Tera (Luna) dropped to almost zero. The value of Terra Stablecoin (UST) also dropped by less than one cent in the crash.
Also read | Will crypto rise again in 2022 after the crash?
Meanwhile, Stablecoin, offered from BinanceUSD, Binance Ecosystem, also increased its market capitalization after the crash. It is now in the top 10 crypto list, 7th place
BUSD dominates 1.35 percent of the global crypto market, while BNB holds 4.04 percent of the global crypto market cap.
The other top 10 cryptocurrencies on the list are Bitcoin (1st), Etherium (2nd), Tether (3rd), USDC (5th), XRP (6th), Binance USD (7th), Cardano (8th), Solana (9th) and Dodgecoin (9th). 10th).
Binance Chain said it would welcome immigration and support projects from the Terra ecosystem. Cointelegraph told BNB chain investment director Guendolin Regina that they were keen to support developers and projects from the Terra ecosystem so that “they do not miss out on future prospects”.
(Cryptos and other virtual digital assets are unregulated in India. They are considered highly risky to invest in. Please consult your financial advisor before making any investment decision.)