BNB Coin Eyes Surge to $400 Leaving behind Legal Troubles of SEC Lawsuit
The airdrop activity on the BNB Chain and the daily active users crossing 1.2 million proved as a catalyst for the BNB price rally to $400.
The airdrop activity on the BNB Chain and the daily active users crossing 1.2 million proved as a catalyst for the BNB price rally to $400.
BNB price has gained about 6.4 percent in the past 24 hours to trade around $262 as the charges filed by the DoJ are believed to be finalized by the end of this month.
BNB Chain confirms that normalcy has now been restored and everything is back to running smoothly.
Binance coin (BNB) is now up over 3688%, 97%, and 38% in the past year, 30 days, and two weeks respectively.
According to a report, there is a 5.3% increase in its holdings with new whales having in possession 100,000 BNB and 1,000,000 BNB.
Shooting 27% BNB price has surged past $600 for the very first time. With the surge, Binance Coin has registered nearly 1300% gains year-to-date beating some of the biggest traditional banking institutions.
The crypto industry has enjoyed new levels of adoption from big traditional firms like Morgan Stanley, Tesla, Meitu, Goldman Sachs, and a host of others that are now opening their platforms for digital assets.
In a bid to offer more incentives to its investors, traders, and global supporters, the Binance exchange has launched a revised version of staking reward for BNB holders.
The last time XRP dropped to that position was in June 2014, when it fell below the meme coin Dogecoin.
The surge in the price of the Binance Coin comes following the drop in the lawsuit filed by the exchange against Forbes and two of its journalists.