Binance native token Binance Coin (BNB) has reached a new all-time high of $60. Recently, BNB has been pulling in gains and has advanced 40% since early January.
Since BNB began to pump in October 2020, the coin reached its first record high of $47 in mid-January. However, Binance Coin saw a correction after the spike, but has rebounded ever since.
Despite increases over the past month, BNB has started losing its position as one of the top 10 crypto assets by market value. The Binance Coin lost its position to DOT, LINK, ADA, and XLM before the recent rebound.
BNB is currently up 13.84% to $61.63. At the time of writing, the coin is ranked 9th by CoinMarketCap, having surpassed XLM and BCH.
In reaction to the BNB price surge, Binance CEO Changpeng Zhao said in a:
reportImage Credits: Pixabay
