Right from the beginning of the year 2021, the entire cryptocurrency industry has acquired enormous success and adoption. One of the largest cryptocurrencies in the entire world ‘Bitcoin’ managed to hit its all-time high of $48 per BTC. The same was the case with altcoins that are continuing to experience all-time highs with respect to their prices and market capitalization.
Since the beginning of the year, every day a new cryptocurrency and a platform announces hitting all-time highs. The all-time high achievements are limited not only to Bitcoin (BTC) or altcoins but have already spread to tokens released by the exchanges as well.
Therefore, one of the on-chain data analyzing firm has shared details around performance that the exchange issued tokens have delivered. As per the firm “Messari Data”, the cryptocurrency exchange that is ruling the industry in this category is Binance. Binance is also the largest cryptocurrency exchange in the entire world in terms of market capitalization.
The firm has reported that the token launched by Binance has experienced a 150% surge with respect to its price within 10 days. It was reported that on February 1, 2021, that the price of Binance’s token was $47. However, in a matter of 10 days by (February 10, 2021), the price of the token hit its all-time high of $148. At the time of writing, the price of the Binance token (BNB) has rebounded to $123.
According to the data gathered by Messari Data, the market capitalization of Binance’s token BNB is currently over $19 billion. With the recent development, the BNB token is now ranked number 6 on the list of top 10 cryptocurrencies.
On the other hand, the second cryptocurrency exchange that has experienced a lot of growth in its token’s market capitalization is the Huobi exchange. Huobi is one of the largest cryptocurrency exchanges in the world that was founded in China.
According to Messari data, the token governed by the Huobi platform experienced an all-time high of $13.95 that was on February 10, 2021. The Huobi token also gained more than 100% growth with respect to its price since the beginning of the month of February. It was reported that at the beginning of February, the price of Huobi’s toke was $6.54. At the time of publishing, the price of Huobi’s token is at around $12.65.
The Messari data has revealed that the platform has gained more than 170% growth with respect to its price in the last 30 days. As of now, the market capitalization of the Huobi token has surpassed $2.47 billion.
Then there is the Uniswap token that has managed to gain 274% growth in its price in the last 30 days. Uniswap is currently ranked as the largest decentralized cryptocurrency exchange with respect to a market capitalization of over $6 billion.