One of the top influencers in the blockchain sector and founder of TRON (TRX) Justin Sun is one of the latest to join the Binance coin (BNB) train. The highly eccentric Sun is known for hyping crypto events and creating trending topics on Twitter.
According to Sun, Binance coin (BNB) is the new Bitcoin. This claim though outlandish as it seems could become turn out to be true depending on how the coin reacts in the coming weeks.
Binance On A Bullish Run In Recent Weeks
Binance Coin (BNB) has continued to gather attention in recent weeks as the coin has continued to rise in value. The digitoken which can be exchanged for transaction fees on top exchange Binance is seen as the next big thing in the crypto space.
Binance Coin has surprised many by going against the normal trend within the crypto market sphere. Most coins depend on the movement of Bitcoin, positively or negatively which greatly impacts on their value.
It is no secret that the current bearish levels in the market are as a result of the slump in the price of bitcoin towards the end of 2018. However, Binance Coin has largely bucked that trend and is the only top coin having a positive gain against the dollar in the past 12 months.
Binance coin backed by top exchange Binance has continued to gain traction within different sectors. It is gaining popularity in use as Binance continues to promote the coin as a token for making decentralized transactions.
This could partly be a contributing factor to its rise in recent weeks as the coin is beginning to benefit from increased adoption in different sectors.
Binance Could Hit $30 By Third Quarter Of The Year
Bitcoin still leads the way with a marketcap of $69 billion while Binance Coin is currently on $2 billion. BNB has overtaken Tether and Steller Lumens in recent weeks and now sits 7th on the list of largest cryptos in terms of Marketcap.
Many analysts believe that the coin could rise to the $30 mark by the end of the second quarter of the year. BNB is currently valued at $14.43 and could hit the $15 mark in the coming days.