Binance’s native token, BNB, has surpassed Bitcoin (BTC) and Ethereum (ETH) with its performance in the bear market. Despite the bear market, BNB is achieving new success every day. BNB hits ATH against Bitcoin (BTC).
Although the market is still seen as risky, BNB is performing much better than BTC. The BNB/BTC pair is 64 percent higher than last May’s low.
Binance CEO Changpeng Zhao (CZ) recently tweeted that someone he doesn’t know texts him or checks the price of BNB every two weeks. In the 2021 bull market, BNB volume saw more than $101 billion.
BNB Is More Successful Than Bitcoin and Ethereum
BNB has outperformed Bitcoin and Ethereum in the bear market, down 55.60 percent from its ATH, while BTC fell 66.48 percent and ETH 66.03 percent. Still, there is legal uncertainty for BNB. The SEC has launched an investigation into whether the token is an unregistered security. Binance co-founder Yi He stated that BNB is not a security token, but a token that supports the entire ecosystem.
BNB is still the 5th largest cryptocurrency, with a trading volume of around $50 billion. As of the writing of the news, it was trading at $ 304. The current price of BNB is as follows:
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