BNB Hits New All-Time High
BNB, the altcoin associated with the cryptocurrency exchange Binance, has achieved a new all-time high price.
According to data from Binance, the record-breaking price of $900 was driven by a recent surge in Ethereum and other altcoins. Notably, some tokens linked to other exchanges also saw similar boosts.
While BNB is currently not directly linked to the Binance exchange, it’s important to note that it was developed by the exchange and has substantial support.
A tweet from Changpeng Zhao (CZ), the founder and former CEO of Binance, during the time when BNB was reaching record prices, created quite a buzz on social media. While in Kyrgyzstan, CZ shared a photo of himself receiving a vehicle with the license plate “888 BNB.” This price of $888 was a nod to the coin’s all-time high.
CZ mentioned that the license plate was not intentional. However, the key takeaway was his following remark. CZ pointed out that the number 8888 is regarded as lucky in China. This unexpected comment led to speculation that CZ had set a new target of $8,888 for the BNB price.
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For BNB’s price to reach $8,888, its total market capitalization would have to hit around $1.2 trillion. Considering that Ethereum’s current market capitalization stands at $573 billion, this seems like a distant possibility for the time being.
This is not investment advice!
