Changpeng Zhao (CZ), the former founder and CEO of Binance, commented on the increase in the price of Binance Coin (BNB) after it exceeded $1,000, explaining the factors that contributed to this surge.
CZ explained that there are several reasons behind this increase, most notably:
✅ The new US administration's friendly stance towards cryptocurrencies and its positive impact on global markets.
✅ Technical developments in the BNB network, including reducing block time from 3 seconds to 0.75 seconds, increasing capacity, and reducing transaction fees by 10 times.
✅ The launch of the USD1 stablecoin by WLF, which increased the network's liquidity.
✅ The launch of hundreds of projects related to artificial intelligence and real assets on the network.
✅ The withdrawal of the US Securities and Exchange Commission (SEC) from the lawsuit against Binance and CZ, along with significant investments from venture capital and the success of projects like PancakeSwap and Lista.
✅ The burning of BNB worth $1.6 billion in the last quarter.
CZ noted that he considers himself just a "symbol or a member of the community" and that there are many factors supporting the growth of the coin's price and the BNB ecosystem.
Note: This post is for informational purposes only and is not investment advice.
