BNB has surged to an all-time high market capitalization, reaching approximately $120.4 billion, fueled by strong bullish momentum in the crypto sector. Binance’s founder, CZ, remains confident in the industry's continued growth and innovation.
Marking a significant milestone shortly after celebrating its 8th anniversary on July 14, BNB’s price climbed sharply, driven by robust ecosystem developments and growing global crypto adoption.
BNB’s Market Cap Surpasses $869, Reaching New Heights
On August 14, BNB's market value surpassed the $869 mark, peaking near $120.4 billion. This price rally started from around $839 on August 13, reflecting positive investor sentiment and expansion within Binance’s network.
Currently, BNB trades close to $858 with a market valuation hovering around $119.5 billion, experiencing a steady 1% increase over the past 24 hours.
BNB Outshines Major Brands
In an article published by CZ on August 13, he highlighted BNB’s market cap gain of approximately $117.91 billion, noting it has now exceeded that of major corporations like Nike — a testament to the crypto’s growing influence.
Crypto Market Optimism Bolsters BNB
Bitcoin also marked a milestone on August 14, crossing a new all-time high above $124,000 amid rising institutional backing and global acceptance of cryptocurrencies. This bullish climate supports BNB’s upward trajectory.
In a recent CNBC interview, founders of World Liberty Financial expressed firm support for the crypto space, referencing a $1.5 billion digital asset deal and the introduction of a USD1 stablecoin to stabilize the market.
CZ and Binance Receive Public Support
During the interview on August 13, CNBC anchor Zach Witkoff discussed Binance’s founder CZ, suggesting that his contributions to crypto education and industry development could merit recognition and pardon amidst regulatory scrutiny. Witkoff praised CZ for building a leading company and dedicating efforts to educating the masses.
With Binance approaching 285 million registered users, BNB is poised to push beyond its current pinnacle, with $900 looming as the next significant price target.
Stay tuned as BNB continues to break barriers and reshape the digital asset landscape.