Tron CEO Justin Sun Calls Binance Coin a ‘New Bitcoin’ After BNB’s 141% Surge

Tron founder and CEO Justin Sun is placing Binance Coin (BNB) on par with Bitcoin, after the cryptocurrency’s big surge in 2019.

Huge Congrats on $BNB, a new #Bitcoin?

— H.E. Justin Sun ??? (@justinsuntron) March 5, 2019

Binance Coin hit a low of $5.90 in January and has since rallied to $14.23, a 141% surge that far outperforms the rest of the market. Binance Coin began the year at number 31 on the list of coins by market cap and has since rallied to become the eighth largest coin on the market.

The coin’s big rise this year is, in large part, thanks to the launch of Binance DEX, the company’s new decentralized exchange that utilizes BNB as a base pair. The exchange is now open for public testing and runs on Binance Chain, a custom blockchain created by Binance.

Binance CEO Changpeng Zhao, who says BNB probably has more use cases than any other coin, is actively pushing for the adoption of BNB in the real world, with an increasing number of platforms announcing support for the coin in recent months.

New use cases for $BNB are popping up every day! Show how you can #useBNB – and get creative!

20 BNB will go to each of the top 10 videos ranked on Twitter by number of retweets + comments + likes. Read more on the contest here:https://t.co/eXVBrjVEI5 pic.twitter.com/pXNMs0g4fu

— Binance (@binance) November 4, 2018

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.