Cryptocurrency

Bitcoin Is Overtaken By Binance Coin (Bnb) As The Number One Crypto In 2019

Bloomberg recently ranked the best performing cryptocurrencies in 2019 and to everyone’s surprise, Bitcoin didn’t finish it on the top spot this year. Yes! According to the ranking by Bloomberg, it has been observed that Bitcoins have performed really well but there’s another currency which gained the edge in 2019. Binance Coin or BNB has gained the spot for best cryptocurrency in 2019 leaving Bitcoins behind them for the first time ever. Bloomberg states that BNB has grown massively by 16% in a single year, with it’s prices going up from $6 to above $16 during the time of publication. Inspite of Bitcoins doubling the price, BNB has offered much better stability and gains in the long run.

How BNB achieved this position?

The other cryptocurrencies on the list, have listed severe decline and downtrends in their performance in 2019. But only BNB has managed to capture a significant rise in its assets and value consistently throughout the year. This amazing success can also be attributed to the brilliant support by exchange platform Binance. Both BNB and Binance have experienced excellent growth in the market. Have you tried Bitcoin Future? It is also an automated cryptocurrency exchange platform that allows you to trade and invest easily.

However, things were not this smooth. In May 2019, Binance suffered from the largest hacks in its servers in the last decade of Bitcoins. But, the event and many other along with it, didn’t result in any major obstacles towards it’s success. It has been a long time since Bitcoins have ruled the cryptocurrency markets and now that a new competitor is on the horizon, we can only expect that it results in a healthy growth in the prices.

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Liam
Liam Rubin is a graduate of Bachelor of Science in Journalism from the University of Cambodia. He is currently the managing editor of T3 Licensing and a freelance writer.