The Binance token has toppled the stablecoin Tether to become the third-largest crypto asset by market capitalization. After starting the month of February a little under $50, the token had raced past the $250 mark on February 19. At the time of writing the token is fluctuating around its all-time high (ATH) and stood at $262.

At this price, BNB’s market capitalization currently stands at over $38 billion. This is nearly $4 billion more than that of Tether. Meanwhile, before the February price breakout, the token had experienced a gradual rise alongside other exchange assets. However, since the beginning of February, the token has seen two significant price breakouts.

In its first significant rally, the token raced from a little under $50 on February 1 to $147 by February 10, representing a jump of nearly 200%. After a seven day lull, the token recommenced the rally on February 16 and at the time of writing, the token had doubled in value…

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Source: https://news.bitcoin.com/binance-coin-topples-usdt-to-become-the-number-three-crypto-after-a-300-price-surge/