Exploring Binance, Ethereum, and Bitgert: Performance and Prospects
Binance Coin (BNB), the native token of Binance. Binance is the world's largest cryptocurrency exchange by trading volume. Binance’s BNB can be used to pay for trading fees, access various services on the Binance platform, and participate in token sales on Binance Launchpad.
Binance has been dabbling with regulatory tiffs around the globe but has been seen to be marching unaffected. Focusing on developments, Binance's venture capital arm is reportedly set to announce Binance’s investment in Delphinus Lab's zk-WASM virtual machine. This open-source virtual machine supports zero-knowledge (ZK) computation and application software development kits.
BNB has been one of the best-performing cryptocurrencies of 2023, reaching an all-time high of $1,234.56 on August 18, 2023. As of August 23, 2023, BNB is trading at $1,123.45, with a market cap of $176 billion and a 24-hour trading volume of $12 billion. Ethereum (ETH) is the second-largest cryptocurrency by market cap and the most widely used platform for smart contracts and decentralized applications (DApps).
Ethereum’s native token, ETH powers the Ethereum network. Ethereum’s native token supports thousands of DApps across various sectors, such as finance, gaming, art, and social media. Ethereum has also seen significant growth in 2023, especially after the successful launch of Ethereum 2.0.
Ethereum 2.0 aims to improve the scalability, security, and efficiency of the network. However, presently, traders are gradually leaving the Ethereum market. The current open interest on Ethereum stands at its lowest point in the past 13 months.
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