Binance Coin Climbed Up To 8th Place In The Rating

Binance Coin (BNB) climbed up to the 8th place in crypto currency TOP, surpassing Tron and Stellar, its current trading volume is $87 million, its market capitalization increased to $1.6 billion.

Why Is BNB Growing?
Unlike BTC, ETH and many other tokens, BNB is more like a security than a crypto currency. Finance buys BNB using 20% of income, it works as dividends for securities to some point.

BNB owners don’t have a right to vote. However, this is true for most of tokens.

The token increased almost twice from $4.50 since December.

Probably, Binance Launchpad – ICO platform – is probably the other reason. Only two projects have raised money with the help of this platform so far: BitTorrent and Fetch.ai.