Major developments are happening one after another for Binance’s native token, BNB. The recent ATH renewal process, which started a few hours ago, reached a new dimension with the price surpassing $700. So, what is currently happening with BNB?
Binance and BNB Coin
Binance’s native token, Binance Coin (BNB), faced significant uncertainties last year following the acceptance of allegations against CZ and the exchange. During this period, CZ admitted his guilt and quickly stepped down from his CEO position.
Subsequently, Richard Teng took over and swiftly removed the uncertainties surrounding the exchange, calling for collaborative efforts and instilling great hope in the market and investors. This situation also prevented sharp declines in BNB. Today, BNB is witnessing historic moments. Currently, things seem to have turned positive.
What is the Price of BNB Coin?
In the last few hours, with upward price movements, BNB has renewed ATH consecutively, surpassing $700 for the first time in history, which was met with enthusiasm by investors.
Although the BNB price pulled back slightly after surpassing $710, it has seen an 11% increase in the last 24 hours. This increase was 16% over the last 7 days, while the rise over the last 30 days indicates a 20% increase.
BNB’s market cap also surged after the price exceeded $700, surpassing $100 billion and reaching $103 billion. The trading volume confirmed the price rise, with a 32% increase, pushing the 24-hour trading volume past $3.895 billion.
After surpassing $100 billion, BNB became the fourth cryptocurrency to reach this level, following Bitcoin, Ethereum, and the stablecoin USDT. For now, BNB continues to stay above $700, and there is curiosity about what levels it might reach.
