Binance Coin (BNB) steigt auf 407 USD
Crypto of the most popular exchange Binance showed growth, beating the previous ATH
The price of BNB on April 6 was $400. This happened for the first time in the history of this crypto, as told by the head of Binance. What is the reason? There are several of them.
In the near future, another burning of tokens is planned. As the supply of coins in the market decreases, demand grows. This affects the price of cryptocurrency. Also, the price of the BNB coin is influenced by the popularity of the Binance Smart Chain blockchain. In March, a lot of interesting projects were created on its base.
It is worth noting that after the establishment of ATH, the price of cryptocurrency fell to $388. However, this did not particularly frighten investors. At the time of writing, the BNB price has increased to $407.5 per coin. For 24 hours, the cryptocurrency has added 10.6%.
Ahead of the next resistance level $500. It is likely that it will be beaten before the burning of tokens, scheduled for mid-April.
The article has an informational character, reflects the opinion of the author. Before you make a decision, analyze the market situation.