Over the past year, the popular altcoin Binance Coin (BNB) has been growing in the market and expanding its usage status. Binance DEX’s official launch, the lottery system that will join Binance Launchpad, and the coin-burning events planned by Binance’s team members have allowed the BNB to reach the sixth place in the cryptocurrency market. At the time of writing, the BNB is ranked as the seventh-largest cryptocurrency. While litecoin’s (LTC) enthusiasm is diluted after the halving incident, it shows popular analyst Carlos Terenzi that it is time to surpass LTC as the fifth largest crypto of the BNB.
Can Binance get past Coin Ripple and Litecoin?
Binance Coin is in a bullish tendency to bring the cryptocurrency to an all-time high a few months after the bottom in December 2018. The cryptocurrency outperformed Bitcoin and many other altcoins. Thanks to numerous initiatives and offers made by the cryptocurrency exchange Binance, the BNB experienced a rapid price increase. The BNB was trading around $4.5 in December 2018, reaching an all-time high of $40 at the end of June of this year. That represents a 788% price increase.
Binance exceeded digital assets such as Coin, Cardano (ADA), Monero (XMR), Stellar (XLM), Bitcoin SV (BSV), EOS or Tether (USDT). According to Carlos Terenzi, the BNB’s logical move is to continue to move forward and to pass Litecoin, which has more than $650 million in market value from the BNB. Nevertheless, Binance CEO Changpeng Zhao has always been very clear with the cryptocurrency market. When the Binance Chain was announced, many enthusiasts and investors suggested that the BNB could eventually replace Ethereum (ETH), the second-largest cryptocurrency after Bitcoin (BTC).
According to Carlos Terenzi, popular altcoin can beat Litecoin
Zhao, however, said they do not have to reject “any other cryptocurrency”. Changpeng Zhao thinks the cryptocurrency should move forward together, rather than creating divisions within the community. BNB and Litecoin have completely different currencies, but they have very similar communities, and the supporters of these two cryptocurrencies are often very open to other projects in the crypto industry. It is also very open to discussing new features, improvements, and changes to their protocols.
— CZ Binance (@cz_binance) April 22, 2019
According to Carlos Terenzi, if he passes BNB Litecoin in the future, that does not mean that THE BNB is a “better” currency and Litecoin is a “worse” offer. Different cryptocurrencies have different goals, but there are open communities for all communities to work together to help expand the crypto economy. they’re being processed. Litecoin has a market capitalization of $4.6 billion, while the BNB has a value of $3.96 billion.