Cryptocurrencies

This Altcoin Smoked Bitcoin and Ether With 1,300% Gain This Year

Binance’s BNB surged as Binance Smart Chain rivaled Ethereum
Smaller alt coins also saw returns upward of 1,000% this year

WATCH: Binance CEO Zhao discusses crypto regulation, operations in Singapore and the U.K., and Musk’s criticism of his experience signing up on the platform.Source: Bloomberg

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By Akayla Gardner

December 29, 2021 at 6:38 PM UTC

This article is for subscribers only.

This year, the old guard of cryptocurrencies lost ground to tokens with greater returns. Researchers predict the trend may continue.

Among the three largest digital tokens by market value, Binance Coin, or BNB, significantly outperformed its two larger rivals Bitcoin and Ether. The coin -- issued by crypto exchange Binance Holdings Ltd. -- gained roughly 1,300% in 2021, according to Arcane Research. By comparison, market leader Bitcoin increased 65% while Ether, the second-biggest token, rose 408%.