Binance Coin (BNB) Eyes $1,200 After Overtaking Nike in Market Capitalization

BNB’s market cap hit $114.36 billion, surpassing Nike and MicroStrategy, and now holds 81% dominance in the exchange token sector.

Institutional interest grows as firms like BNC and Windtree Therapeutics build large BNB reserves, fueling long-term demand.

Analysts see potential for a rally toward $1,200, though recent profit-taking adds short-term volatility risks.

Binance Coin (BNB) reached its all-time high (ATH) at the end of July. Although BNB’s price has slightly corrected from its previous ATH, it is still trading at $811 at the time of writing.

This has pushed BNB’s market capitalization to $114.36 billion, officially surpassing Nike and MicroStrategy.

With this strong growth, BNB dominates the exchange token segment. It currently accounts for 81% of the total market capitalization of all exchange-based tokens.

This reflects Binance’s brand strength and the appeal of the BNB Chain ecosystem in DeFi, NFTs, and RWAs.