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Friday

05 March 2021

Binance Coin Spikes 100% After Threatening Ethereum's Dominance

Binance Coin Spikes 100% After Threatening Ethereum's Dominance


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With no choice left, many of the dapp developers decided to run the same operations on a rivaling blockchain network, the Binance Smart Chain, a public ledger that offered to do the same tasks Ethereum does at 99 percent lesser costs.

The last five days saw BNB/USD surging by more than 100 percent.

More tailwinds for Binance Coin also come from the prospect of an overall crypto boom, led by Bitcoin’s meteoric rise in the last eleven months.

The flagship cryptocurrency surged by more than 1,200 percent from its mid-March nadir of $3,858 as institutions realized its safe-haven credentials amid an uncertain global economic outlook.

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