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Binance Coin, or BNB, is one of the most sought-after cryptocurrency tokens to exist in the space. The token has noted a steady price hike driven by a majority of use cases. BNB has risen significantly over the years due to its close association with Binance and the fact that the Binance ecosystem has deployed BNB to serve as its primary token. Apart from this, the token is now inching closer to the $1000 price mark, an ambitious price threshold that the token could bask in if the altcoin season supports its surge. How high can BNB truly surge this year? Let’s find out. Also Read: Nano Labs Stock Skyrockets 64% After $9.4B BNB Treasury Binance Coin: New Price Spikes and Developments Source: Binance Binance Coin has been noticing a steady price rise, with the token stable at $762 at press time. The token is up 12% in the last 7 days, primarily as the resurgence of altcoin season has fueled price activity towards the token. In addition to this, BNB is also spiking primarily due to i...

BNB price has jumped 5% in the past 24 hours and 20% this past week to trade above $310. The gains see BNB dethrone Solana in terms of market cap as SOL price dips following recent rally. BNB is trading more than 5% up in the past 24 hours and 20% in the past week as the Binance coin stages a comeback after a recent slump.  This follows Solana’s remarkable surge and eventual flippening of both XRP and BNB that saw the cryptocurrency reach prices last seen in April of last year. BNB back above Solana As Solana slumped amid increased profit taking over the Christmas period, BNB ’s market value rose. The native Binance coin is currently trading above $310, prices last witnessed in June. Its market cap at the time of writing is $47.9 billion, overtaking Solana that has slumped to $46.3 billion. BNB price is seeing a potential bullish run for the first time since slumping amid last month’s bombshell resignation of Binance founder and fo...

Crypto and digital asset investment products saw minor inflows summing up to $8.8 million last week. Trading volumes, however, reached a new 2-year low of $677 million for the week. The market’s largest crypto, Bitcoin, saw inflows totaling $17 million. CoinShares’ latest weekly report outlined that sentiment has been “steadily improving” since mid-November, with inflows since then reaching $108 million in aggregate. Also Read: Will Bitcoin, Ethereum Turn a Bullish Page in 2023? That has, however, not been the case with Ethereum and other Altcoins. Chalking out the diverging sentiment when compared to Bitcoin, CoinShares noted, “Ethereum saw a 4th consecutive week of minor outflows totaling US$2.4m, and since mid-November has seen outflows totaling US$22m, highlighting continued diverging sentiment relative to Bitcoin.” Alongside the macro price dip and the weak institutional sentiment, a severe contraction of liquidity, has also been no...