Considering the rate at which the majority of top altcoins have been increasing in value over the past couple of months, the performance of Binance Coin (BNB) has been relatively disappointing. While the neighboring digital currencies, such as Chainlink (LINK) and Cardano (ADA), have been making monstrous strides to the upside, BNB remained modest in its gains, which is evident from the table below.
BNB performance table
But despite the fact that so far, Binance Coin has been participating in the present bull rally rather passively, it already finds itself priced at $21.82, and in close proximity to this year's high at $26. BNB still remains the top exchange coin that is backed by the continuously developing infrastructure and ecosystem that will do great in the long run. Right now, however, traders should avoid extrapolating the success of coins from the DeFi space onto Binance Coin, which appears to be moving at its own pace.
1-year BNB chart