Following a recent surge of 12%, BNB's market capitalization now stands at $88 billion, while the stablecoin USDT surpasses the $100 billion mark. In the coming weeks, these two coins could potentially swap positions in the cryptocurrency rankings, with BNB possibly securing the third spot by market capitalization.
There are several reasons for this surge.
Alongside Bitcoin's continual attainment of new all-time highs, which positively impacts the entire market, coins from cryptocurrency exchanges are also among the major beneficiaries.
Since the beginning of the year, the price has increased by more than 88%.
Over the past 12 months, the increase has been even higher, reaching 91%.
This means that those who entered the market on January 1, 2024, have hardly missed out on anything.