Is Binance Coin on its way to the top 5? BNB flips Tether with 15% gains

07 Mar, 2019 | Updated: 07 Mar, 2019
by Will Heasman
Price Action
Is Binance Coin on its way to the top 5? BNB flips Tether with 15% gains

This week has seen Binance coin (BNB) breach into the top 10 flipping Tron (TRX) Stellar (XLM) and now Tether, but can it continue this rally all the way into the top 5?

Currently citing gains of over 15%, and at a price of $15.46, BNB has decidedly continued on its rally, now responsible for leading the path for the rest of the top 100.

With 150% gains since the start of 2019, 50% of which was accumulated over the past 7 days, BNB looks poised to attempt to flip Bitcoin cash (BCH) for 6th position.

In comparison, BCH has had a fairly poor run this week citing a negligible +0.5% gain. Its current market cap sits at around $233 million compared to BNB which is at a tantalizingly close $231 million, making it almost certain that BNB will flip BCH, imminently.

The community reaction to this BNB run has been varied, with a few people rallying behind the cryptocurrency:

However, one user posited that BNB was close to its high, advising investors to stay away:

Despite the sheer momentum driving BNB right now, it seems as if BCH will be the last positive flip we see from the cryptocurrency for a while.

Litecoin (LTC) currently guards entry to the top 5, with a massive market cap of over $2 billion, compared to BNB’s $231 million. BNB would have to gain more than +800% in order to get close to the top 5. But anything can happen, this is crypto, after all.

Read more: Justin Sun calls BNB the "new Bitcoin" after 120% rise since January

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