Binance founder CZ reveals the reason for BNB's price reaching $1,000 💰🚀🔥😍
Changpeng Zhao (CZ), the founder and former CEO of Binance, commented on the increase in the price of Binance Coin (BNB) after it surpassed $1,000, explaining the factors that contributed to this rise.
CZ clarified that there are several reasons behind this increase, most notably:
✅ The new pro-cryptocurrency U.S. administration 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 network liquidity.
✅ The launch of hundreds of projects related to artificial intelligence and real assets on the network.
✅ The SEC's withdrawal from its 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 pointed out that he considers himself just a "symbol or 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.