Forbes: Binance Coin — new Bitcoin?

Forbes: Binance Coin — new Bitcoin?

Forbes, one of the most respected and well-known economic publications in the world, recently published an article in which, referring to the information of Weiss Ratings, Agency ratings of financial cryptocurrency, suggested that BNB will be the next Bitcoin.

The article notes that, despite impressive growth after a prolonged bear market, Bitcoin, nonetheless, is still quite far from its historic high of $ 20,000. At the same time many altcoins have risen much more than the cryptocurrency No. 1, among them were the coin of the largest cryptocurrency exchanges Binance — BNB. She managed to return to the historical highs set in 2017.

The author notes that it is usually a Bitcoin determined by the direction of the cryptocurrency market, as the rate changes of the Royal coins caused reciprocal movement of the smaller coins. Now everything has changed — if you believe the report of Weiss Ratings — that BNB at the moment controls the movements of the cryptocurrency market, therefore it is logical to assume that a new Bitcoin can become currency exchange Binance.

The growth and development of the stock market, altcoins are increasingly found its own application, independent of Bitcoin. Thus, the token BNB successfully used to pay transaction fees on the largest cryptocurrency exchange.

Last month, Weiss Ratings has assigned the BNB overall rating B-, placing it in the same class as Bitcoin, Ripple XRP and EOS competitor to Ethereum. The cryptocurrency Litecoin, Ethereum, Cardano, Stellar, Neo and Tron was rated C+. For BNB, it was undoubtedly a great achievement.

Coin Binance is currently the seventh largest cryptocurrency by market capitalization according to CoinMarketCap, with a total value of $ 3.3 billion. It is far from capitalization of Bitcoin, which has reached $ 100 billion.

Judging by the fact that the current crypto-Weiss ranking is slightly different from the one described in Forbes, the Agency is continuously updating its analytical data. You can see that the coin is now BNB has improved its position and has a B rating, which is higher than the rating of Bitcoin.

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