Blockchain research firm Arcane Research says in its latest cryptocurrency report that 2021 is the year of Binance Coin (BNB). Exchange token BNB is solidifying itself in third place by market capitalization with its outstanding performance in 2021. The firm also shares its “shocking” forecasts for Ripple (XRP) and Cardano (ADA), which are relatively bearish relative to BNB. Details cryptocoin.com‘in.
Arcane Research ranks Binance Coin first
Before moving on to ADA and XRP, Arcane Research shared this on BNB in its weekly crypto report:
Bitcoin may have beaten the stock market in 2021, but it has been left in the dust by other cryptocurrencies. Binance Coin (BNB) is the top performer among the top three cryptocurrencies by market cap, with gains of 1344%. The Binance Smart Chain ecosystem saw massive growth in 2021, taking some market share from Ethereum. This is why Binance Coin has been named the “winner of 2021”.
Report excludes Cardano and Ripple from top 10
Apart from BNB, it has mateverse-focused projects that are not reflected in the report but record the highest performance of 2021. While the firm drew attention to this sector with the sentence “emphasizes the spring months of 2021”, Ethereum was described as the most expensive network thanks to the NFT craze. Cardano and Ripple, on the other hand, are grappling with a series of misfortunes. While PoS Blockchain giant ADA has suffered from a lack of long-term investors and successful Dapp projects, XRP has not left the SEC lawsuit for over a year with a clear result. While the Arcane Research report draws attention to the 1340% increase of BNB, it says that ADA and XRP can be withdrawn from the top 10 cryptocurrencies.
- At the time of writing, ADA is trading in sixth place and XRP in seventh place.
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