Binance Coin, or BNB, has set another record after posting a new all-time high above $660. The altcoin’s market cap first crossed the $50 billion benchmark in the first few days of April.
However, the market cap jumped more than 100% in less than a month. As of this writing, BNB is trading around $661, with its market cap at $101.33 billion.
According to data from AssetDash, the market cap of Binance Coin has surpassed the likes of Volkswagen AG, Fidelity National, Vanguard FTSE Developed Market (VEA). Also, the market cap is currently on the heels of the online marketplace Airbnb.
Binance Coin Price Edging Towards New ATH
The year 2021 opened with BNB trading at $37 and is up by 1,600%. However, the BNB price has rallied by more than 3,700% over the past year, according to data from Coinmarketcap. As of this writing, BNB has made a new ATH of $667.
Other altcoins, particularly Ethereum, also made significant gains in the last few hours. Today, the second-largest cryptocurrency rose to an ATH of $3,200. The recent rise in the prices has resulted in the decline of Bitcoin’s dominance, currently at 47.24%.
The transaction volume on the Binance Smart Chain (BSC) keeps surging with the increasing traffic on the network. On Wednesday, April 21, the number of transactions on the BSC network reached an ATH of 9 million.