Binance Coin (BNB) Overtakes Ethereum Classic (ETC) and NEO
While the broader cryptocurrency market has traded down over the last 24 hours, one major token has remained positive.
This relative strength has been enough to push BNB past two major altcoins, including Ethereum Classic (ETC) and NEO (NEO). Additionally, with a market cap of $1.2 billion, BNB is within $210 million of TRON (TRX).
BNB’s price action could be partially attributed to the string of investments made by Binance Labs, the exchange’s venture arm. The most recent being the $2.5 million investment in TravelbyBit, an Australian blockchain payments provider for the travel industry that plans to bring BNB forward as an alternative payment option in major airports.
BNB has been one of the top performing tokens in 2018 and is currently up over 20% YTD.
Photo: Marco Verch / Flickr
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.