The cryptocurrency market has welcomed a new entrant in the top 10 cryptocurrency list of CoinMarketCap, Binance coin [BNB]. The coin overtook Bitcoin SV [BSV] on February 6 to become the tenth largest cryptocurrency in the world. Bitcoin SV [BSV] had been performing poorly due to the bear market, and eventually gave up the tenth rank it was holding on for long.
At the time of press, BNB at the tenth position is pumping by 19.06% over the past day and has not stopped, as it continues to grow by an astonishing 3.79% over the past hour. The coin reported a growth of 37.36% over the past week. The coin was valued at $8.44 with a market cap of $1.191 billion. BNB registered a 24-hour trading volume of $123 million while BSV’s trading volume was $60 million.
According to the data provided by CoinMarketCap, about 75% of the transactions took place on Binance which is BNB’s parent company.
Binance’s Chief Executive Officer [CEO], Changpeng Zhao took to his Twitter handle to inform the community of Binance coin entering the league of top coins and said:
“Many thanks to @CoinMarketCap for updating the $BNB circulating supply. Doing ranking is much much harder than people imagine. Keep up the good work!”
At the time of press, BSV was valued at $58.3 with a market cap of $1.027 billion. The coin registered a 24-hour trade volume of $60 million with a growth of 0.43% in an hour while registering a fall of 6.49% over the past day. The coin which was falling pretty badly noted an overall fall of 10.11% over the past week.
BSV was highly traded on Bit-Z with a trading volume of $7 million with BCHSV/BTC pair. The second and third place was taken by BitForex which traded BSV with BSV/USDT pair and BSV/BTC pair. The trading volume recorded by the two pairs was $5.6 million and $5.4 million, respectively.