The digital currency Binance “BNB” rises to a new record, and the founder of Binance interacts with its movement
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Answer The digital currency Binance “BNB” rises to a new record, and the founder of Binance interacts with its movement
The digital currency Binance “BNB” is one of the well-known cryptocurrencies in the crypto arena, as it ranks eighth in terms of total market capitalization.
In addition, Binance, the largest cryptocurrency exchange, is behind it.
Minutes ago, the digital currency BNB managed to achieve a new price peak, as the currency price reached 71.03 dollars.
CZ, founder and CEO of Binance, reacted to the recent rise of the coin and told it was only the beginning.
The price of the digital currency Binance “BNB” rises to a new historical peak:
Bitcoin and some alternative digital currencies, such as Ethereum, “DOT” and “LINK” took the lead during the last bullish wave. At the beginning of the bullish wave, it appeared that the digital currency “BNB” was somewhat neglected.
Read:Bitcoin’s performance in the past decade has been impressive…what about the next 10 years?
Where the digital currency Binance “BNB” could not double its value as other alternative digital currencies did, which made “BNB” fall in the rankings in favor of “DOT”, “LINK”, “ADA” and “XLM”.
The digital currency Binance “BNB” fell to the ninth place in terms of total market capitalization, to advance in the meantime to the eighth place.
The first indications of the currency’s movement appeared in mid-January when the “BNB” currency moved towards a record price of 47 dollars.
Although rejection and resistance pushed the coin’s price down by 20%, BNB refused to stay down and started another impressive move.
Soon, BNB topped the previous record and hasn’t looked back since.
The currency intensified its gains by breaching the $50 level and touching $60, after which it rose above the $65 level and reached a new peak at $71, according to data from “coingecko”.
The rise in the price of the digital currency “BNB” can be attributed to the growth of the entire ecosystem of Binance and the deflation and burn mechanism adopted by Binance, where Binance burns a specific amount according to its quarterly returns and aims to reach the total supply of the coin at 100,000,000 “BNB”.
Read:What is the reason for VeChain coin and token (VET) to rise in recent days?
The founder of Binance interacts:
interaction Changpeng Zhao, CEO of Binance with the rise of the cryptocurrency “BNB,” commented on Twitter about the recent developments in the coin’s price.
Zhao urged his Twitter followers to look at the bigger picture and stay calm, because this is only the beginning.
Later, he made another comment while the price of BNB was rising near $60, saying that he would be away from Twitter for some time.
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It seems that he was alluding to a similar post published by “Elon Musk”, which he tweeted more than before about the digital currency “Dogecoin”, and the last of his tweets this morning:
Earth’s future currency
– Elon Musk February 6, 2021
Read also:
Here’s How Elon Musk’s Tweets Affect Bitcoin and Dogecoin Prices
MicroStrategy CEO Reveals Why Bitcoin Is a Better Investment Than Gold
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