- BNB skyrockets to a new ATH of $400.
- Binance CEO posted a funny tweet about his friends.
- BNB Coin might reach over $1,000 in near future.
Binance Coin (BNB), the native token of the Binance Smart Chain has skyrocketed to a new ATH of $400 today.
Binance Coin is relatively younger than its superior cryptocurrencies including Bitcoin (BTC), and Ethereum (ETH). After the BNB price spike, the Chief Executive Officer of Binance cryptocurrency exchange posted a funny tweet about his friends.
BNB Solidifies its Position as Third-Largest Crypto
With the digital currency’s growth, BNB Coin has solidified its position as the third-largest digital currency as its market capitalization of $67,244,385,382 gaps that of the next ranking Tether (USDT) stablecoin by about $23.57 billion.
According to CoinGecko, the BNB price is $393, at the time of writing.
More so, the BNB’s price surge is also reflective of the expansion of Binance’s product and service offering. In recent months, the exchange has launched many applications aimed towards creating a fully established cryptocurrency ecosystem.
These include Binance Pay and Binance Card, both of which helps Binance users to pay merchants or other individuals in crypto. Moreover, Binance is also increasing developments of its own project in the decentralized finance (DeFi) space, with projects such as Binance DEX, its own decentralized exchange.
In addition, one growth factor bringing the upsurge in the price of the Binance Coin remains the diverse utility being rolled out by the exchange to provide more value to the coin’s holders around the crypto world.
Furthermore, the future price surge of the cryptocurrency might stand well beyond $1,000 in the next few years, or months.