Exchange Binance’s cryptocurrency, BNB has experienced one of its best moments since its creation.
The asset marks a price (ATH) of $1,190 (ATH) and its market capitalization exceeded the $16000 million threshold for the first time.
In this way, BNB has replaced Solana (Sun) from the fifth place of more valuable digital assets in the marketas observed in the following list provided by Coinmarketcap:
The fact that the cryptocurrency of BNB Smart Chain Network is the maximum price and the market capitalization This is explained by the deflationary nature of this asset.
Until the end of 2021, BNB issuance was positive, putting bearish pressure on prices if the tokens in circulation were constantly increasing and no more demand was involved.
Since 2023, BNB broadcasts are stable and remain negativestrengthens its deflationary nature and supports a sustained increase in its value.
In the different trading charts below, you can see what happened since BNB broadcasts (violet painted areas) aired from positive to negative.
On the other hand, we must emphasize why we explain BNB’s good performance.
One of them is the utilities that assets have in their ecosystem. It pays at Binance’s discount committee, participates in token launches, access staking and savings products, and acts as gas for the BNB smart chain.
That price also received the impulse of the report Negotiations between Vinanence and the US Department of Justice Close external supervision imposed in 2023 as reported by encryption.
This was after the contract, including the $4.3 billion payment and the departure of the company’s own Changpeng Zhao (CZ).
The news unleashes rumors about CZ’s return to Binance, albeit without official confirmation.
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