All the major cryptocurrencies were a huge success in 2018. After reaching peak levels at the beginning of January, the vast majority is now falling 80-90% compared to peak historical highs.
Despite the massive downward market pressure, Binance Coin ( BNB ), the token associated with Binance the most famous cryptocurrency exchange in the world, recorded a relatively good return , about 42% this year
. – maximum time of $ 24.91 on 12 January, BNB withdrew around 50% to $ 12.52. While in any other market this would appear to be a total collapse, BNB effectively outperformed any other major YTD cryptocurrency. This is particularly noticeable as losses occurred in the first sell-off to start the year.
BNB hit a minimum of $ 6.03 at the end of January, but has steadily increased over 300% on the back of a series of major announcements by the exchange. More recently, Binance revealed that acquired Trust Wallet a mobile cryptocurrency portfolio that supports Ethereum and over 20,000 different Ethereum-based tokens, through ERC-20, ERC-223 and ERC -721 standard.
An analysis of the most performing cryptocurrency trading pairs shows that BNB / BTC and BNB / USD drive the package. In particular, the BNB / BTC trading pair is currently up 208% on an annual basis with the next nearest trading pair ( ETC / BTC ) at only 25%.
BNB is currently in 15th place in the AltDex 100 index ( ALT100 ), a benchmark index for cryptocurrencies and large tokens and # 39; token index AltDex Exchange ALTEXC ), a benchmark index for the main industry exchange tokens.
Similar: 5 Top Altcoin Trading with a 90% discount compared to historical highs
Disclaimer: The author of this article has participations in cryptocurrency that may be traced here . This article is for informational purposes only and should not be taken as investment advice. Always conduct your due diligence before making investments.