The altcoin BNB, linked to the cryptocurrency exchange Binance, has broken a new all-time high price record.
According to Binance data, the record of $900 was a result of the recent surge experienced in Ethereum and other altcoins. Interestingly, similar increases were also seen in some other tokens linked to exchanges.
BNB currently does not directly associate itself with the Binance exchange, but it is known that the coin was developed by the exchange and has received significant support.
Meanwhile, a tweet by Changpeng Zhao (CZ), the founder and former CEO of Binance, at the moments when the BNB price hit record highs, made waves on social media platforms. During his visit to Kyrgyzstan, CZ shared a photo indicating that he was assigned a vehicle with the plate '888 BNB'. The $888 was a reference to the coin breaking its all-time high price record.
CZ, who shared the photo, stated that the granting of the plate to him was not a planned event. However, the main point was what he said afterwards. CZ expressed that the number 8888 is considered a lucky number in China. This unexpected statement led to speculation that CZ sees $8,888 as the next target for the BNB price.
For the coin price to reach $8,888, the total market capitalization needs to be approximately $1.2 trillion. Considering that the current total market capitalization of Ethereum is $573 billion, this scenario seems at least distant for now.
Stay tuned for the latest developments.
