Can Binance Coin (BNB) Enter the Top 5 Ranked Projects by 2020?

By Kapil Gauhar

With a 273% price hike over the past 90 trading days, Binance Coin (BNB) has become the most influential performer out of the top 50 ranked digital currency projects.

The cryptocurrency has seen a further 25% price increase over the last 7 trading days, which allows the market to poke its nose above its earlier ATH level at the level of $25.18. This is what makes Binance Coin the first digital currency to break its previous ATH level. The market has slightly fallen and is currently trading at a value that’s -3% lower than the actual ATH price.

BNB is the cryptocurrency created by the world-leading cryptocurrency exchange Binance. The digital coin, when used on the exchange, allows users to receive discounts on trading fees.

Moreover, the tokens also allow users to participate in the lottery from the Binance Launchpad program, that is a crowdfunding platform for launching Binance-vetted cryptocurrency projects, like BitTorrent Token. However, there is a string of partnerships as well as development updates which may enable Binance Coin to stand a chance in increasing its overall value to reach the top 5 ranked projects by the end of 2020. This indicates that the users won’t have to trust Binance Exchange to keep their funds safe from the hackers, as they can choose to leave the coins in their own Trust Wallet App.

Starting from today’s market capital values, for Binance Coin to reach cryptocurrency’s top 5, it will require to increase past the $36 level. Most recently, we can see that Binance Coin (BNB) also managed to break above its previous ATH price at $25.18, becoming the first ever cryptocurrency to do so in the top 50 ranked projects. In case the buyers continue to climb above $35, then they would be open to testing the $36 level leaving the BNB market cap valuation with $5 billion value, which allows it to break into the top 5 ranked projects by 2020.