Binance Coin (BNB) has been the gift that keeps on giving for investors, posting massive year-to-date gains that are unrivaled by any other major cryptocurrencies.
Today it had a new ATH, and it’s the only crypto which price had a new ATH since the bullrun 2017
BNB’s massive price surge has come about due to a seemingly constant influx of positive news regarding Binance’s platform.
On Apr. 19, following the highly anticipated debut of the Binance Chain mainnet, the price of Binance Coin (BNB) surged by 10 percent against the US dollar, becoming the second crypto asset (after EOS in May 2018) since 2017 to achieve an all-time high.
Other crypto assets that come close to BNB, digital assets created before 2019, are down about 20 to 50 percent against the dollar, with most other tokens down nearly 99 percent against the USD since the peak of the market in 2017.
On Jan. 12th, 2018, Binance Coin achieved a record high at $24.46 after recording a 12-fold increase in value in a mere two months.
In the past 24-hours, BNB surged by 11.2 percent against the US dollar and hit $24.77 following the highly anticipated launch of the Binance Chain mainnet, recording a staggering 309 percent gain year-to-date.
The large increase in the value of BNB in a relatively short period of time suggests that investors in the crypto asset are confident in the long-term growth of the cryptocurrency, particularly in the decentralized exchange (DEX) and decentralized application (DApp) space.
After the launch of Binance Chain’s mainnet, several blockchain projects such as Red Pulse and Mithril moved from smart contract protocols such as Ethereum to Binance Chain.