price BNB
+10.96%
The token is said to have risen more than 11% in the last 24 hours, reaching a high of $701 at the time of writing. The Block Pricing Page. The previous high for the BNB token was in May 2021, when the token was briefly worth around $690.
In terms of trading volume, approximately $3.3 billion worth of BNB was traded in the last 24 hours. The token’s current market capitalization is $107.2 billion.
BNB’s rally was fueled by the popularity of Binance Launchpool. The platform requires users to hold and stake BNB to participate in new token offerings. On the world’s largest cryptocurrency exchange.
BNB price chart | Source: The Block
Binance Launchpool last month declared support In the case of Notcoin, the exchange claimed to be the first platform to list the token. Notcoin, which can be obtained from Web3 games in Telegram, has accumulated a market capitalization of $2.2 billion since its launch.
Meanwhile, the value of Bitcoin has also risen 2.89% over the past day, surpassing $71,000, while most other altcoins are also in the green.
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About the author
Danny Park is The Block’s East Asia reporter, writing about topics including Web3 development and cryptocurrency regulation in the region. He previously worked as a reporter for Forkast.News, where he actively covered the fall of Terra-Luna and FTX. Based in Seoul, Danny previously produced written and video content for media companies in Korea, Hong Kong and China. He holds a Bachelor’s degree in Journalism and Business Marketing from the University of Hong Kong.