Binance Coin (BNB) has reached a new all-time high, surpassing a market value of $112.2 billion, outperforming global banks like DBS Bank and Strategy, making it the 191st largest financial asset in the world by market value. 🌍📈
Current trading price: $808.69, up 2.31% over the past 24 hours 📊⬆️
Market rank among cryptocurrencies: fifth, with a total market value of $112.64 billion 💎
Trading volume over the last 24 hours: $2.28 billion, down 3.92%, reflecting moderate trading activity 🔄
Important information about BNB 🧐
The total circulating supply of the coin is 139.28 million coins, all currently in circulation 🔢
The coin has no maximum supply ♾️
What drives this achievement? 💥
A $2 billion investment that Binance recently received, which boosted investor confidence and helped support the coin's price 💵🤝
Price movement over the last 24 hours ⏰
The price of BNB started today below $790, then rose above $795 in the evening, stabilizing in the range of $795-800 during the early morning hours, before experiencing a noticeable rise starting from 6 AM to exceed $808 📈🌅
Technical indicators suggest the continuation of the upward trend in the short term 📉➡️📈
The Relative Strength Index (RSI) is at 63.07, indicating buying strength that is still not excessive and there is room for further rise ⚡
The MACD indicator shows short-term selling pressure but has started to weaken, indicating a potential return of upward momentum soon 🔄🚀
Additional supportive factors 🔑
The significant fee reduction on the Binance network was one of the main catalysts that helped increase activity and enhance user confidence 🎯
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