Binance Coin (BNB) price has hit a new all-time high (ATH) to reach $864, with much of this positive sentiment driven by growing institutional demand.
Certain catalysts may have triggered a bull run for Binance Coin (BNB). The digital asset has hit a new all-time high (ATH) with a 15% rally in 7 days to hit $864. This growth trend reflects increased interest and engagement from institutional investors.
Institutional Adoption Drives BNB Price Explosion
Based on insight gathered from CoinMarketCap data, BNB has recorded some fluctuations since reaching the $864 ATH. Precisely, the coin is trading at $859.06, corresponding with a 1.18% spike in the last 24 hours. Its other key performance metrics look promising as well.
BNB market cap is pegged at $119.58 billion, while its 24-hour trading volume has jumped by 3.5% to $3.33 billion. Overall, the ecosystem is surrounded by a bullish momentum and growing institutional demand. This suggests that investors are becoming more confident about the digital asset landscape.
Binance Coin Price Chart | Source: TradingView
With the current outlook, the BNB price is trading well above its 50-day Moving Average, with its 62 RSI showing the coin is not overbought yet.
In terms of BNB, investors are beginning to pour massive funds into the sector and incorporate the coin into their corporate treasuries. Generally, it reflects renewed interest from these high-profile investors and may eventually translate into more price gain for BNB.
Recently, Nasdaq-listed CEA Industries (BNC) purchased 200,000 Binance Coins worth $160 million. This action made it the largest BNB Treasury firm in history. The firm plans to do more, as this is just the first of the $500 million in planned investments into the digital coin. 10x Capital is in partnership with CZ-backed YZi Labs to lead this initiative to help CEA build its own BNB reserves.
With more BNB treasury reserves, the price of the coin could hit more gains. Analyst HashGlobal, via crypto influencer Crypto Patel, recently predicted that the BNB price will hit $2,000 before the end of this year. He highlighted strong technical analysis that highlighted key breakout levels for the digital asset to support the prediction.
Join the Ongoing TOKEN6900 Presale to Be a Millionaire
Apart from BNB, a smart way for investors to diversify their portfolio could be to invest in TOKEN6900. Like the native token of Binance, TOKEN6900 is currently making waves and receiving a lot of attention.
It is touted as one of the top presales of the season with massive prospects and an actively growing community.
As the main character of 2025’s ICO, TOKEN6900 is offering a discounted price in its ongoing presale. Interested participants can join now and make the most out of it, or end up getting the token in the open market at a much higher price. Want to learn more? Read the presale TOKEN6900 price prediction on Coinspeaker.
Current Presale Stats:
- Current price: $0.00695
- Amount raised so far: $1.99 million
- Ticker: TOKEN6900
- Hard cap: $5 million
- End price: $0.007125
To take part in the presale, investors can purchase TOKEN6900 using a range of cryptocurrencies or a credit card.
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