Binance Coin Overtakes IOTA: What is Pushing Its Market Cap North?2.4

Binance Coin (BNB) has replaced IOTA to claim the twelfth-most largest cryptocurrency by market capitalization.

At 1300 GMT today, the total market capitalization of BNB was $856.5 million, its best since November 20, 2018. IOTA, at the same time, had a market capitalization of $807.1 million. Both the price charts displayed an inverse performance relationship with each other since January 3. While BNB surged against Bitcoin and US Dollar after the said date, IOTA consolidated downwards. Both the assets exchanged crypto rankings sometime during the January 23 trading session.

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