BNB price has updated the historical maximum

On August 14, BNB updated a price record at $ 866.96. The capitalization of token reached $ 120 billion, which provided him with fifth place among the largest crypto assets.

By the time of writing, the price of a coin from Binance was adjusted to $ 831.71.

The BNB Chain team said that the main cause of the rally was the performance of the network after the June hardfort of Maxwell.

They brought the following numbers:

  • The time of creation of the block is 0.75 seconds, and the finalization is 1.875 seconds;
  • over 12 million transactions per day (peak – 17.6 million);
  • $ 165 billion in Defi-water in six months.

“Such a scale means that BNB is not just token, but the currency is based on one of the fastest and most reliable public blockchains in the world,” the developers said.

Representatives of the BNB Chain also identified the leading position of the blockchain in Defi. Its TVL exceeds $ 7.3 billion, and the number of active addresses daily is 2.4 million.

Another driver is a growing institutional acceptance. At the end of July, Nano Labs acquired 128,000 BNB, increasing reserves to $ 108 million. Windtree and Liminatus plan to spend $ 60 million and $ 500 million, respectively.

BNB forecast

Participants in the crypto community retain optimism regarding the further prospects of BNB. The analyst under the nickname Galaxy emphasized that the token struck many years of resistance. According to him, the same thing happened during the bull market in 2021, when the price of the asset first exceeded $ 600.

The expert under the pseudonym Crypto Youddha expects that in the near future the price of token will reach $ 1000.

A similar opinion was expressed by Crypto King cryptorer:

“BNB is only 15% of the four -digit price. The course struck a historical maximum of $ 865 and confidently holds above the support level. If the pulse is preserved, the next goal is $ 1000. It seems to be preparing for a new powerful jerk. ”

The analyst under the nickname Crypto Patel believes that the BNB can grow to $ 2000, since the asset “gains impulse and the liquidity is growing.”

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Source: Cryptocurrency

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