The recent rally in the asset is due to demand on the spot market and growing interest of institutional investors.BNB has outperformed traditional market indices and other major cryptocurrencies in terms of risk-return ratio. The potential demand for BNB from large investors is over $1.2 billion.Public companies hold $3.7 billion worth of $ETH , which is only 0.83% of its total capitalization. BNB's $1.2 billion reserve means that public companies claim 1% of its supply.
Amid all this activity, the coin has updated its ATH and is currently trying to hold above $800, but I think we will see a correction in the short term, at least to the $740-$750 area.
