Binance Coin continues to rally and no longer correlates with Bitcoin

Over the past 24 hours, the native token of the cryptocurrency exchange Binance showed a steady growth of almost 15% and took the seventh place in the CoinMarketCap rating, overtaking the Steylcoin Tether. Token capitalization is $ 2.1 billion.

In addition, the price of the coin has ceased to correlate with the price trend of Bitcoin, writes CoinDesk.

Since the beginning of the year, BNB has grown by more than 140%, while the first cryptocurrency has grown by less than 4%.

BNB is ahead of BTC and on a weekly scale - 41.47% versus 1.62%.

In addition, Binance has launched a Russian-language version of the crowdsail portal Binance Launchpad.

Also in the campaign description is now displayed Moscow time.

Recall the previous price record in relation to Bitcoin Binance Coin set March 1, rising to 0.00299880 BTC ($ 11.61).

The growth of BNB is likely to be due to the upcoming Celer Network tokenail on the Launchpad platform. The project will take exclusively Binance Coin. Start of sales is scheduled for March 19.

Earlier, Binance launched a test version of its decentralized exchange and announced a contest for traders who want to test it. The prize fund of the tournament is 10,000 BNB.