Main to remember
- BNB has reached a new level of all time above $ 800, surpassing bitcoin and recovering fifth place in market capitalization.
- The institutional interest in BNB increases, companies and funds adding BNB to treasury bills and projections targeting higher future prices.
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The BNB, formerly known as Binance Coin, jumped 5% in the last 24 hours to reach a new record greater than $ 800, according to Coingecko data. On Binance, the asset Crypto reached a summit of $ 804 Tuesday evening.
The recent rally has brought BNB’s market capitalization to 111 billion dollars, exceeding Solana (soil) as fifth largest cryptographic asset. The soil market capitalization currently oscillates approximately $ 110 billion.
The native token of the Binance ecosystem, which lastly culminated at $ 750 in December 2024, surpassed Bitcoin with a gain of 16% in the last seven days, compared to the increase of 2% Bitcoin.
The arrows came up while the listed companies increasingly diversify their cash strategies beyond Bitcoin, with major altcoins like Ethereum, XRP, Sol, BNB and Litecoin which also gain ground.
On Tuesday, Nano Labs, on the Nasdaq side, announced that he had extended his BNB assets to around 120,000 tokens, worth around $ 90 million. The company recently acquired additional 45,684 BNB thanks to over -the -counter agreements.
Nano Labs also plans to continue to accumulate the token, acquire control issues in BNB entities and invest in companies that deal with BNB as a basic reserve asset.
Nano Labs, ranked Nasdaq, widened his BNB assets to 120,000 tokens, valued at around 90 million dollars. The company acquired additional 45,684,9862 BNB thanks to over -the -counter transactions at an average price of $ 764 per token, with a total average purchase cost of $ 707 per token.
The institutional momentum is also built elsewhere. Yzi Labs, the co -founder of the Family Office of Binance, Changpeng Zhao, supports the launch of 10x capital of a BNB cash company targeting an American public list. The company, led by David Namdar, aims to provide institutional investors with an exhibition to BNB tokens.
BNB could rise to 360% to $ 2,775 by 2028: Standard Charterd
Standard Chartered predicts that BNB could reach $ 2,775 by the end of 2028.
According to Geoff Kendrick, head of digital asset research at the bank, BNB has reflected the combined performance of Bitcoin and Ethereum in terms of yields and volatility since May 2021.
The analyst notes that the fundamentals of BNB remain closely linked to the continuous domination of Binance in the cryptographic space. He also suggests that BNB could emerge as a digital reference asset in the coming years.
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