Binance Coin Surges past $1,300 to Hit New High, Displacing XRP in Market Cap

Binance Coin (BNB), the native cryptocurrency of the Binance exchange ecosystem, has set a new record, surpassing the $1,300 price mark on October 7th. This surge propelled BNB to third-largest cryptocurrency by market capitalization, overtaking both Ripple’s XRP and Tether’s USDT, signaling a dramatic shift in the cryptocurrency hierarchy. The jump is attributed to factors including Binance’s dominant position within the exchange ecosystem, growing DeFi adoption, and regulatory clarity.