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Crypto: This Coin Has Risen More in 4 Years Than DOGE, BTC and ETH

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Binance Coin (BNB) is the cryptocurrency on which the Binance ecosystem is based. Although originally launched as a  token  ERC-20 in July 2017 in the  blockchain  of  ethereum (ETH), the  token  is moved to its own network later.

Binance is one of the largest cryptocurrency  exchanges  in the world. According to CoinMarketCap, Binance ranks first among spot  exchanges with a 24-hour volume of nearly $ 25.16 billion. Second place goes to the Coinbase Global Inc (NASDAQ: COIN) platform , which has a volume of $ 4.63 billion.

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The   BNB ( Binance Chain or BSC ) blockchain was launched in April 2019 and allows anyone to issue, use and exchange digital assets. This has led to the proliferation of new  tokens , some of which have gained popularity in their own right.

Among the  tokens  of the BSC based on proof of participation (PoS) are  PancakeSwap (CAKE),  Binance USD (BUSD) and  The Graph (TSO).

CAKE, BUSD, and GRT have a market capitalization of $ 5.05 billion, $ 12.67 billion, and $ 4.21 billion, respectively. BNB has a market capitalization of $ 72.6 billion, according to data from CoinMarketCap.

BNB is the fourth  largest  token by market capitalization, behind  Bitcoin (BTC), (ETH) and Cardano (ADA).

How are the returns going?

Since BNB’s launch, the   Binance exchange run by  Changpeng Zhao  has generated increased interest alongside the  token .

This year alone, BNB has soared 1,042.5%, outpacing year-to-date gains for both ETH and BTC, which are up 400.95% and 64.73%, respectively.

Dogecoin (DOGE) has advanced an impressive 4,232.64% since the beginning of the year.

History begins to change if we take into account the earnings of the last four years. For comparison, we will take price data from July 25, 2017, the earliest date for which price data is available on CoinMarketCap on BNB.

BNB has risen an impressive 408,379.7% since July 2017. At the time, a single  BNB token was worth approximately $ 0.11. At press time, BNB was trading 3.98% higher at $ 432.28 after a 24-hour tracking period.

The Shiba Inu-themed DOGE has had an impressive track record since July 2017 and has soared 13,718.39% to date. DOGE was trading at roughly $ 0.0018 at the time. At press time, DOGE was up 2.12% to 24 cents.

The apex cryptocurrency, BTC, has soared 1,773.8% from the $ 2,576.48 it recorded in July 2017 to its current price of $ 48,278.05.

Lastly, ETH, which is the second largest currency by market capitalization, is up 1,662.30% in a similar period. On July 25, 2017, a single ETH was worth $ 206.71. As of this writing, ETH was up 7.39% to $ 3,642.86 over the course of 24 hours.

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