Here's the latest news and updates on Binance Coin (BNB):
Current Price and Market Trends
- *Current Price*: BNB's current price is $647.84 with a 1.9% increase in the last 24 hours.
- *Market Cap*: The market capitalization stands at $94.52 billion, ranking #5 among cryptocurrencies.
- *24-hour Trading Volume*: The 24-hour trading volume is $979.52 million ¹.
Recent News and Developments
- *BNB Chain Recognizes New Projects*: BNB Chain has recognized six new projects in its May 12 batch of ongoing BNB AI Hack, showcasing innovative solutions and growth in the ecosystem.
- *VanEck Launches Tokenized Treasury Fund*: VanEck has launched a tokenized treasury fund on Ethereum, Solana, and other blockchains, potentially expanding access to blockchain economy investments.
- *BNB Price Predictions*: Analysts predict BNB's price could reach $1,275 by the end of 2025, with some forecasts suggesting a potential breakout above $1,100 in the near term ² ³.
Market Analysis and Predictions
- *BNB Price Eyes $400 Retest*: BNB is currently mid-range in a long-term channel, with a potential drawdown to $400 before resuming bullish momentum.
- *BNB Price Nears Breakout*: BNB price is nearing a breakout after forming a giant cup and handle pattern, with some analysts predicting a strong bullish move ².