#BNB Explodes ATH—Overtakes Solana in Market Capitalization Battle! 🏆📈 BNB reached a record high of $804.70 on Wednesday. The market value of BNB exceeds $110 billion, surpassing Solana. With a massive open interest and a surge in funding for BNB, derivative statistics are positive. Bulls are targeting $900 as the technical forecast indicates growth. BNB (BNB), formerly Binance Coin, reached a new all-time high of $804.70 on Wednesday after closing at last week's highest weekly level. This growth raised BNB's market valuation to over $110 billion, surpassing well-known cryptocurrencies like Solana. The bullish argument is supported by jumps in BNB's open interest (OI) and funding in derivative statistics. Technically, bulls are aiming for $900, indicating a continuation of the rally. BNB reached a new all-time high of $804.70 during Asian trading on Wednesday after rising more than 15% over the past week. The market valuation of BNB exceeded $110 billion, overtaking Solana and ranking fifth in the crypto market according to CoinGecko. BNB derivative data forecasts further growth. CoinGlass data shows that open interest in BNB futures on the exchange is rising to a new annual high of $1.23 billion on Wednesday from $1.05 billion on Monday, levels not seen since early December. The rise in OI indicates new money entering the market and buying, which could accelerate the price growth of BNB. A positive spike in funding rates boosts optimism for BNB. The chart below shows that long positions pay shorts, as the metric shifted to a positive rate and jumped to 0.023% on Wednesday. BNB has significantly risen due to increased funding rates. BNB Price Forecast: Bulls Want $900 BNB ended last week at $756.82, up more than 9%. This week it broke the record high of $793.86 on December 4 and reached a record of $804.70 on Wednesday. BNB may challenge its psychological level of $900 if it continues to rise. BNB could fall below $742, its weekly support, if it retracts.
