BNB token surpasses $700 and its price reaches a new all-time high.

price BNB

+10.96%
It hit a new all-time high late Tuesday.

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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