Binance USD (BUSD) Piyasa Değeri Mayıs'ta 400 Milyon Dolardan Fazla Yükseldi

BUSD joined USDC as one of the few cryptocurrencies that withstood the market crash of May which led to a steep decline in prices that saw billions of dollars wiped off the market.

The token issued by Binance remains a top 10 digital asset by piyasa in June. According to Be[In]Crypto Research, BUSD closed the fifth month of the year with a market capitalization of around $18.2 billion.

This marked a 2% increase from the opening day’s market value. BUSD saw a Işlem hacmi in the region of $4.08 billion which corresponded to a piyasa of approximately $17.71 billion on May 1.

Source: BUSD Historical Data from CoinMarketCap

Why the increasing market capitalization? 

Yüksek talep stablecoin during the peak of the crash on May 9 to 13 can be credited for the soaring piyasa belirtecin. 

The number of large transactions peaked on May 12. On that day, transactions involving BUSD were 796,000 at a price of $0.966500.

Kaynak: Mayıs 2022 Into Block'a Göre Büyük İşlem Sayısı Grafiği

Bu, aynı fiyata 4.33 milyar tokenlik işlem hacmine karşılık geliyordu.

Source: May 2022 BUSD Total Volume in BUSD Chart by Into the Block

The total transaction volume of 4.33 billion BUSD multiplied by $0.966500 equals $4.18 billion.

Source: BUSD Total Volume in USD Chart by Into the Block

On May 12, it opened at $1, reached an intraday high of $1.02, tested an intraday low of $1, and closed at $1. 

The Işlem hacmi for the day was $19.14 billion and corresponded to a piyasa of $17.09 billion. Increased demand by traders to offset huge losses saw the token maintain its peg by the close of the month. 

BUSD price reaction 

BUSD opened on May 1, at $0.9994, reached a monthly high of $1.02 on May 12, tested a monthly low of $0.9978 on May 9, and ended the month with a trading price of $1. Overall, there was a 0.6% increase in the opening and closing price of the token in May.

Source: BUSD/USD Chart by TradingView

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Source: https://beincrypto.com/binance-usd-busd-market-cap-soared-more-than-400-million-in-may/