While the whole market of cryptocurrency has had a solid 2019, one coin specifically has triggered up to 300 percent gains since the beginning of the year. Binance Coin (BNB), the official currency of to the world's top ranked crypto exchange by volume, has outpaced both Bitcoin and the market with its huge increases in the course of the most recent month. Given how Binance Coin has, to some degree, taken over the market surge, Is BNB the new Bitcoin?
If we look at the current daily volume, Tether gets position number 1, and Bitcoin number 2, while Binance ranks 18th. Why does Tether get position number 1? The answer is that the total supply of Tether is very large, while BTC has only 17 million in circulation. Binance is much lower than these two. How can we say Binance is the new Bitcoin.