Since 2023, the cryptocurrency market has ushered in a bull market. Bitcoin, Ethereum and BNB, as the three major cryptocurrencies, have performed brilliantly in this bull market.
Bitcoin
Bitcoin is the cryptocurrency with the largest market value and a bellwether of the cryptocurrency market. In the bull market of 2023, the price of Bitcoin soared from around $30,000 at the beginning of the year to a high of over $70,000, an increase of more than 100%.
Ethereum
Ethereum is the second largest cryptocurrency and the leading smart contract platform. In the 2023 bull market, the price of Ethereum has soared from around US$2,000 at the beginning of the year, reaching a maximum of US$4,100, an increase of more than 140%.
BNB
BNB is the platform currency of Binance Exchange and the third largest cryptocurrency by market value. In the bull market of 2023, the price of BNB soared from around US$200 at the beginning of the year to a high of over US$600, an increase of more than 200%.
Comparison of the three major cryptocurrencies
In terms of growth, BNB is the best performing cryptocurrency in this bull market, followed by Bitcoin and then Ethereum.
In terms of market capitalization, Bitcoin is still the largest cryptocurrency, followed by Ethereum and then BNB.
From the perspective of application scenarios, Bitcoin is mainly used for investment and storage, Ethereum is mainly used for smart contracts and DApp development, and BNB is mainly used for transactions and payments on the Binance exchange.
Future Outlook
Industry insiders are generally optimistic about the future development of the cryptocurrency market. It is expected that the cryptocurrency market will continue to grow in the next few years, and mainstream cryptocurrencies such as Bitcoin, Ethereum and BNB will continue to be the focus of investors.
