BNB reached a new high of $809.84, and our CEO Zhao's net worth has increased again!
BNB's market capitalization has reached $111.5 billion, surpassing Solana to become the fifth-largest crypto asset. It has risen over 300% from a low of $200, with a 30% increase in the last 30 days, approaching the valuation level of Nike.
Key driving factors:
• Nano Labs completed a $90 million BNB reserve build, adding 45,684 coins in a single purchase
• BNB chain's daily trading volume exceeded $12 billion, with developer activity increasing by 45% quarterly
• Technical breakout of the $675-700 supply zone, with MACD forming a golden cross
Trading strategy perspective: The long-short ratio of 14-15 indicates strong consensus, suggesting a short-term long position with a stop-loss at $765 and a target in the $850-900 range. The options market volatility has dropped to 42%, providing arbitrage opportunities. BNB chain developer data supports a bullish outlook, while high RSI raises concerns about overbought conditions.