Binance Coin (BNB) has reached a new all-time high, breaking past the $700 mark. This surge comes despite ongoing regulatory scrutiny surrounding Binance. BNB’s price has jumped an impressive 14.7% in the last 24 hours, nearing $710.
Analysts are optimistic, predicting that this bullish trend could result in even higher peaks in the coming months. Crypto analyst Altcoin Sherpa confidently states, “This one goes to ATH easily,” highlighting the strong momentum that could push BNB beyond its previous high of $686.3.
Pseudonymous trader Captain Faibik had forecasted a new ATH for BNB in the first half of 2024, and the current performance is in line with his prediction.
Meanwhile, other cryptocurrencies are also experiencing significant gains, with Bitcoin trading above $71,000 and Ethereum surpassing $3,800.