#BNBATH900 BNB Coin News: Sharp Rise Exceeding $900 Achieving a New Record with Increased Institutional Demand and Network Growth
Binance's BNB Coin has surged to a new all-time high above $900, supported by an increase in institutional demand and network activity. This rise is a result of several factors, including ¹:
- *Institutional Demand*: The coin has seen significant investments from institutions, leading to increased demand.
- *Network Growth*: Activity on the network has increased significantly, with over 3 million active addresses daily, and record transactions on opBNB.
- *DeFi Flows*: The network has experienced large flows from DeFi, adding structural demand for the coin.
From a technical standpoint, the outlook for BNB remains positive, with expectations of hitting the $951 level as the next major target. Some analysts predict that the coin could reach $1,000 or even $1,630 in the near future ².
Currently, the price of BNB is around $854.29, with a decrease of 1.70% from the previous day. The market capitalization of the coin is approximately $121.27 billion ³.$BNB