On August 21, BNB coin recorded its all-time high price at $881. The market capitalization of the coin exceeded $120 billion, marking its highest price ever.
The price of Binance coin has corrected by 2% to $862.
The price of BNB rose above $880 for the first time.
Over the past 12 hours, $1.23 million has been liquidated from BNB trading positions amid the rise.
According to analyst Kas Abi, $800 has become a new support level. He expects the price of BNB to rise to between $900 and $1000.
He added: "Higher lows are forming, creating a clear upward trend [...] the price is outperforming the fundamentals, and it seems the move is far from complete."
Cryptocurrency investor, Leonard Snyder, believes this coin will reach a new all-time high as momentum returns. According to the decentralized finance (DeFi) expert known as GemsScope, the price of BNB could reach $2200 in the current cycle.
Delisting of Windtree
Nasdaq announced the delisting of biotechnology company Windtree Therapeutics, which had previously decided to become a "BNB World Strategy."
The company violated the requirement to maintain a minimum stock price of at least one dollar, according to the notice issued on August 19. Trading of WINT shares will be suspended starting from the opening of the trading session on August 21.
Windtree's stock price dropped by 77% after the news was announced. It fell by 90% over the past month and by 99% since the beginning of the year. The crisis began in May when the stock price dropped below one dollar for the first time.
Windtree is among a growing number of companies focused on creating a digital treasure. In July, the company announced a $20 million deal with Build and Build Corp to purchase BNB tokens.
Let's remember that the trend towards forming cryptocurrency reserves for companies has caused controversy among industry participants.
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