BNB tops $60 as it goes for an all-time high while the CEO of the platform Changpeng Zhao said that this is only the beginning so let’s find out some more in today’s Binance news.
BNB tops $60 to record a new all-time high while the native token of the world’s crypto exchange surged in the past week to reach this new all-time high record. Despite jumping above earlier today, the company CEO Changpeng Zhao urged people to remain calm as this is only the beginning.
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While Bitcoin and some altcoins like DOT, LINK and ETH took center stage in the recent bull run, Binance Coin was quite neglected. BNB increased in value since October but it gained about 40% since early January.
Stay calm. Don’t get overly excited. It’s just the beginning.
— CZ 🔶 Binance (@cz_binance) February 5, 2021
The gains weren’t sufficient when compared to doubling or tripling the crypto assets so BNB started losing positions to DOT, ADA and LINK and fell out of the top 10 crypto race by market cap. The first glimpse of changing trends came back in January when BNB marched to a record price of $47. The rejection drove it south by 20% and Binance Coin refused to remain there so it launched a new increase. BNB topped the record and hasn’t looked back but it only intensified the gains by breaking above $50 and touched $60 earlier today. BNB’s new record came to about $60 according to the Binance data. The coin returned in the top ten after surpassing XLM and BCH for the 9th spot and its rising price could be attributed to the growth of the ecosystem.
Traders on the exchange now pay fewer fees with BNB while investors are able to lock token holdings to newly launched coins on the Binance Launchpad. Changpeng Zhao who is the CEO of binance took it to Twitter to explain the recent developments and urged people to look at the bigger picture and to stay calm because this is only the beginning. Later on, he offered some more comments while displaying the BNB price of $60 saying that he will move off twitter for a while. It seems that he was referring to a recent post by Elon Musk before his tweet became trending and led the price of Doge to skyrocket.
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