Changpeng Zhao’s excitement knows no bounds as BNB’s market capitalization rises against Miota’s native token IOTA, to become the 12th most valued cryptocurrency. An overjoyed CZ, as he is fondly called, had only taken note of the token’s newly achieved milestone after seeing a tweet containing a screenshot of the rankings on coinmarketcap that showed IOTA losing 1.38% in gains, at which time the token had already been surpassed by BNB.
Tweeting to his 273 thousand followers, CZ expressed his feelings in delightment and gratitude, saying;
wow, didn’t see this until now. 12 is the new 13.
— CZ Binance (@cz_binance) January 25, 2019
Noting that his expectations for the token were geared towards hitting bigger milestones by climbing up the ladder to secure an increase in both trading volume and trading price, CZ concluded, saying “We keep pushing for 11, 10 and onwards…”
According to data from Coinmarketcap, BNB’s market capitalization is now seated at a price of $883 million at press time against IOTA which is currently valued at $811 million. This is to mean that IOTA will need to attain a sum total of $72 million to enable it to reclaim the 12th spot.
IOTA’s current trading formation makes it difficult to analyze the possibility of a comeback seeing that the token has slightly lost momentum with a drop of 2.77% over the past 24hrs. While there is no telling if the token will take a bearish or bullish route, the next 24hrs will certainly make the next reveal.
The unstoppable BNB
ZyCrypto recently reported on BNB being one of the top 10 most promising tokens and this is fast becoming evident with this latest upsurge. It will also be interesting to note that BNB is nearing a breakout in trading price. Yesterday, BNB closed at $6.51 but is now about to hit the $7 with a current price of $6.84.