$BNB 🔥

BNB reached an all-time high of $804.70 on Wednesday.

The market value of BNB exceeds $110 billion, surpassing Solana.

Due to the enormous open interest in BNB and the increase in the funding rate, the derivatives statistics are positive.

Bulls are targeting $900 as the technical view implies an increase.

BNB (BNB), formerly Binance Coin, achieved a new all-time high of $804.70 on Wednesday after closing at its highest weekly close of all time last week. This increase raised BNB's market valuation above $110 billion, surpassing prominent cryptocurrencies like Solana. The bullish argument is supported by BNB's Open Interest (OI) and spikes in funding rate in the derivatives data. Technically, bulls are aiming for $900, indicating a continuation of the rally.

BNB reached a new all-time high of $804.70 in Asian trading on Wednesday after rising more than 15% in the last week. BNB's market valuation has surpassed $110 billion, surpassing Solana and ranking fifth in the cryptocurrency market, according to CoinGecko.