The below mentioned are the top 10 cryptocurrencies in the market.
- Bitcoin cash
- Polka dot
- Binance coin
- Bitcoin SV
- Binance Coin is the highly popular cryptocurrency created by the trading binance exchange.
- Binance Coin was made available to the public for the first time 25 July 2017 and has the BNB ticker symbol. It was launched on the Ethereum blockchain as an ERC20 token.
- In Binance Coin’s first ICO, they raised 15 million and since then it has moved from the Ethereum blockchain to the Binance blockchain.
- The Binance exchange is by far the largest cryptocurrency exchange in the world. They also offer the most crypto to crypto pairs and have a daily trading volume of $1.5 billion.
What makes this Binance coin different from the others?
This transacts strictly on cryptocurrencies only, whereas the others depend on some other parameters. It has a market supply of about 144 Million. This is higher than combining the statistics of Litecoin, Bitcoin Cash, and Bitcoin SV.
Considering its one-year execution beginning from September 2019, its absolute bottom was $12.28 as of Dec 17, 2019. It, at that point, flooded, reliably keeping up an upward pattern to the scope of $21 in April until it tumbled to a low of $13.72 on April 11, 2020, because of the Corona infection.
How Does Binance Coin Work?
From a technical finance point of view, there isn’t anything particularly unique about Binance Coin. That said, there are some important things to know about Binance Coin.
As it was built upon the Ethereum blockchain, it can be assumed that much of the technology behind it is very similar. After they switched to their blockchain, there may be more significant differences.