{"id":428498,"date":"2021-12-30T07:36:08","date_gmt":"2021-12-30T05:36:08","guid":{"rendered":"https:\/\/mybroadband.co.za\/news\/?p=428498"},"modified":"2021-12-30T07:38:59","modified_gmt":"2021-12-30T05:38:59","slug":"this-cryptocurrency-smoked-bitcoin-and-ether-in-2021","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/cryptocurrency\/428498-this-cryptocurrency-smoked-bitcoin-and-ether-in-2021.html","title":{"rendered":"This cryptocurrency smoked Bitcoin and Ether in 2021"},"content":{"rendered":"

This year, the old guard of cryptocurrencies lost ground to tokens with greater returns. Researchers predict the trend may continue.<\/p>\n

Among the three largest digital tokens by market value, Binance Coin, or BNB, significantly outperformed its two larger rivals Bitcoin and Ether.<\/p>\n

The coin — issued by crypto exchange Binance Holdings Ltd. — gained roughly 1,300% in 2021, according to Arcane Research.<\/p>\n

By comparison, market leader Bitcoin increased 65% while Ether, the second-biggest token, rose 408%.<\/p>\n

BNB is used widely on Binance, the world\u2019s\u00a0biggest<\/a><\/strong>\u00a0crypto exchange by volume.<\/p>\n

It is also the native currency of Binance Smart Chain, a blockchain platform that supports smart contracts for use in decentralized finance (DeFi) and other applications.<\/p>\n

With BSC gaining adherents as a challenger to the Ethereum blockchain, that\u2019s helped fuel gains in the BNB token, according to Arcane Research.<\/p>\n

Other alternative coins, or \u201caltcoins,\u201d saw major gains in 2021, benefiting from an explosion in investor interest for digital assets and an expansion of the crypto ecosystem.<\/p>\n

Solana and Fantom, coins connected with other blockchain platforms that support smart contracts, outpaced Binance Coin\u2019s returns, for instance.<\/p>\n

\u201cWhile Bitcoin showed strength in 2021, we\u2019ve seen a constant stream of capital trickling down into altcoins,\u201d the research firm wrote in a note.<\/p>\n

The firm\u2019s analysts predict the strongest momentum in tokens related to the metaverse and GameFi, along with \u201cETH-killers\u201d targeting Ethereum.<\/p>\n

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Now read: South Africa is getting new cryptocurrency rules<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"

This year, the old guard of cryptocurrencies lost ground to tokens with greater returns. Researchers predict the trend may continue.<\/p>\n","protected":false},"author":341034,"featured_media":428434,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44696],"tags":[49375,71808,187,42124],"class_list":["post-428498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-binance","tag-binance-coin","tag-bitcoin","tag-ethereum"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/428498"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/341034"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=428498"}],"version-history":[{"count":1,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/428498\/revisions"}],"predecessor-version":[{"id":428502,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/428498\/revisions\/428502"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/428434"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=428498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=428498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=428498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}