The rate of the own token of the largest cryptocurrency exchange Binance today has reached the psychologically significant level of $ 100. According to trading data, in the most liquid BNB / USDT pair on Binance, the price rose to the level of 101 USDT. At the same time, in quarterly BNBUSD futures with June expiration, the maximum was recorded above $ 110.
At the time of publication, BNB is the seventh largest asset in the market with a capitalization of $ 14.6 billion. Growth per day is 36.5% and almost 100% per week.
#BNB the beginning. pic.twitter.com/7UCTTawlOo
– CZ 🔶 Binance (@cz_binance) February 9, 2021
“I still remember the ICO in 2017, when 1 BNB was selling at $ 0.1. Decent 1000x. Congratulations to CZ, I deserve it, ”writes Simon Dedich, Managing Partner at Moonrock Capital. Binance CEO Changpeng Zhao himself, also known by his initials CZ, said that $ 100 is just the beginning.
“I must say that $ 100 for BNB is quite convenient when it comes to the mental side of the issue,” said Su Zhu, co-founder of Three Arrows Capital, a crypto investment company.
Other exchange tokens also continue to grow, fueled by an influx of users to trading platforms, driven in turn by the rise of the cryptocurrency market. OKEx’s own token (OKB) hit a new high on January 2 at around $ 9.50, while Huobi Token (HT) and FTX Token (FTT) hit new all-time highs today, climbing to $ 9.63 and $ 18.01, respectively.
In mid-January, Zhao announced the unlocking of the 16 million BNB owed to the Binance team. At that time, their cost was $ 725 million, and at today’s exchange rate – already $ 1.6 billion.
“The Binance team has never sold any of the BNB due. They were unfrozen, transferred to a publicly accessible address and did not move further, ”he specified then.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
