#BNBBreaksATH #BNBBreaksATH Binance Coin (BNB) has broken its all-time high, rising above $800 and reaching a new record of $804, surpassing the market capitalization of Solana.
Key factors contributing to the growth:
Token burning: Regular burning of supply reduces the circulation of tokens, increasing scarcity and price dynamics.
Ecosystem development: BNB is widely used in the Binance ecosystem for trading fee discounts, staking, and DeFi integrations, supporting high demand.
Institutional investments: Companies such as Nano Labs and Wind Tree Therapeutics are adding BNB to their assets, signaling growing institutional confidence.
Technical strength: Trading above its 20-day SMA, BNB demonstrates strong technical support for further growth.
Future price forecasts:
Short-term targets: $850–$1,100
Long-term potential: $900, even up to $1,630 if bullish momentum persists.