$BNB
š¢ BNB Updates šØāØ
Binance Coin (BNB) has reached a new all-time high of $804, driven by growing demand and ecosystem growth. Key drivers include:
- Institutional Demand:
Nano Labs' $90 million OTC buy and 10X Capital's BNB treasury strategies have added confidence.
- Network Upgrade:
The BEP-593 upgrade has improved node syncing and validator coordination.
- Token Burns:
1.9 million BNB ($1.5 billion) have been removed from circulation this year, contributing to the price surge.
š Market Outlook
BNB could reach $850 if bullish momentum continues, but a drop below $741 could reverse the uptrend. Technical indicators show a surge in RSI (87.28) and a positive MACD crossover, cautioning of a potential short-term pullback. BNB's DEX volumes have hit new highs, outpacing Ethereum and Solana.
