A price surge wave helped the prices of the assets PolkaDot and Binance Coin reach the top 10 crypto rankings, edging out Bitcoin Cash and chainlink as we read further in our Binance coin news.
Right now, the order of the top 10 coins by market cap has changed as Binance and Polkadot are the sixth and fifth coins by market cap. They surpassed chainlink and Bitcoin cash. The flip happened overnight which was due to the sharp rise in the price of both BNB and Polkadot. BNB increased by 15.35% over the past day and reached a price of $31 and DOT increased by $14.63% in the past day hitting a price level of $5.22. chainlink and Bitcoin’s cash increases were milder since LINK increased by 1.29% to reach a price of $12.59 while Bitcoin Cash increased by 1.89% and reached a price of $228.86. Chainlink and Bitcoin Cash are now seven and eight biggest cryptos by market cap.
Market capitalization is calculated by simply multiplying the price of the coin by its supply. The market caps for each one of the coins are similar between $4.1 billion and $4.5 billion. The price surge wave of Binance Coin and Polkadot surpassed the one of Chainlink and Bitcoin Cash. Binance coin has a market cap of $4,475,881,823, Polka dot has a market cap of $4,449,408,129, Chainlink has a market cap of $4,405,434,454 while Bitcoin Cash has one of $4,237,717,655.
While the scuffling happens down below, the top four coins by market cap which are bitcoin, Ethereum, Tether, and XRP are much more ahead. The market capitalization of Ripple’s XPP which is in the fourth position reached $11.1 billion. The US-dollar pegged stablecoin Tether has a market cap of $14.7 billion, then comes Ethereum with a market cap of $42.7 billion, and of course, at the very top is Bitcoin with a market cap of $192.5 billion. All coins combined, they make an entire market capitalization of $345 billion.
In the past few sessions, Ethereum and Bitcoin had a hard time recovering while the Binance coin started a fresh increase. BNB broke the $22.00 resistance level and remained stable above the $21.50 support zone. There was a close above the $21.80 level and the 100 simple moving average with the 50% fib retracement level of the downward move from $25.57 high to the $18.03 low. BNB is now trading above $23.00. The price is also approaching a key resistance close to the $23.75 level and the $24.00 resistance level.
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