$BNB

BNB, the native cryptocurrency of the BNB Chain, is showing strong performance. It has recently surpassed the $750 mark, with some analysts eyeing the $800 level and the potential to re-test its all-time high of around $793. This rally is driven by strong technical indicators, an increase in open interest in derivatives, and positive market sentiment.

Key factors include ongoing developments within the BNB Chain, such as efforts to significantly increase transaction speeds to 20,000 transactions per second and the integration of privacy features by 2026. The platform also continues to expand its utility, as evidenced by the recent partnership with Ondo Finance to host tokenized U.S. equities. The ongoing BNB burn, such as the recent 32nd quarterly burn that removed over 1.5 million BNB from circulation, also contributes to its deflationary appeal.