Binance Coin (BNB) is going from strength to strength as the coin has just surpassed both Cardano and Bitcoin Cash SV to surge into 10th spot ranked by total market cap.
About two weeks ago BNB took the 12th spot out from under IOTA. Today, Binance Coin has made even larger gains as the coin surges over 14% amidst nothing but red. The result is that BNB now has a total market cap of $1.15 billion, putting it a little ways ahead Bitcoin Cash SV, which has a market cap of $1.02 billion at the time of writing.
The surge comes shortly after Binance announced a new Launchpad project, Fetch.Ai
According to the official announcement, Fetch.Ai:
“Brings together machine learning (“ML”), artificial intelligence (“AI”), multi-agent systems and decentralized ledger technology to create an economic internet.” The goal of the project is to “automate a limitless number of markets which currently require tremendous manual intervention.”
Chepicap recently reported that, despite the exchange’s success, trading volume on Binance has dipped by 40% since December last year.