BNB Soars Amidst Crypto Market Turbulence, Outperforming Bitcoin and Ethereum

Binance Coin (BNB) has emerged as a surprisingly resilient player amidst the volatile crypto market in 2024. According to market analyst Linda Zheng, its year-on-year gains have surpassed most top-ranking cryptocurrencies by market capitalization. Since February 2024, BNB has experienced an impressive upward trend of over 58%, only trailing Bitcoin’s 70% price increase in the same timeframe. Zheng attributed this surge to expanding DeFi applications and growing institutional investments.