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BNB rallies 39% despite smart contract deposits dropping 28% — Should investors be worried?

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Cryptocurrencies’ total market capitalization bounced from $860 billion on June 30 to the current $1.03 trillion, a 20.6% relief in five weeks.

Ether (ETH) might have been the absolute leader among the largest smart contract chains, but BNB managed to gain 39% over that period.BNB token’s year-to-date performance remains negative by 43%, but the current $49.5 billion market capitalization ranks it the third largest, excluding stablecoins.

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