BNB outperforms BTC & ETH in 2021, up 1344%
According to a report by the blockchain data research firm Arcane Research, among the top three cryptocurrencies by market capitalization, BNB has notably outperformed its two larger rivals - Bitcoin and Ethereum in 2021.
The third-largest cryptocurrency gained 1,344% this year, while market leader Bitcoin grew 73% and the second-largest token, Ethereum, was up 455%.
Performance of the top 3 cryptocurrencies in 2021 (Arcane Research)
The report noted that the growth of Bitcoin (73%) exceeded the performance of the S&P 500, which is up 28% this year.
Also, the firm provided its predictions for the overall crypto markets next year.
“While Bitcoin showed strength in 2021, we’ve seen a constant stream of capital trickling down into altcoins,” the research firm stated. In addition, the firm predicted the most substantial momentum in tokens related to the metaverse and GameFi and “ETH-killers” targeting Ethereum.
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