BNB Price Hits New ATH – Is $860 the Next Target?
Binance Coin is once again capturing headlines as it makes a dramatic ascent, to claim a new all-time high before. As of now, BNB price is trading at $799.56, still marking a 6.31% gain over the past 24 hours and 16.15% over the last week. With a market cap of $111.36 billion and 24-hour trading volume jumping to $3.25 billion, BNB has reclaimed its 5th position from Solana.
Much of this bullish action can be traced to a $90 million OTC acquisition by Nano Labs, which bought BNB at an average price of $707. Adding to the bullish narrative, BNB Chain recently processed over $14 billion in daily decentralized exchange (DEX) volume, outstripping both Ethereum and Solana.
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