Binance Coin (BNB) Reaches New All-Time High as the Overall Crypto Asset Market Booms

Binance coin (BNB) is continuously breaking new records and has set a new all-time High (ATH) price during the ongoing boom of the entire crypto asset market. This bull run of the crypto-asset market has proven to be very beneficial for many altcoins, and Binance (BNB) is no exception to it.

Newest All-Time High for Binance Coin (BNB)

Binance coin (BNB) is the native token of Binance, the popular crypto asset exchange. On 2nd April 2021, the Binance coin (BNB) reached its new all-time high after going through a very steady bull run throughout the last week, securing a price of $356.8. The Binance coin (BNB), which is an exchange-backed crypto asset, was trading at a price of around $250 last week before gaining a value of over 43% in just a week.

Binance coin (BNB) is the 3rd largest crypto asset by market cap, with a market valuation of around $52 billion, according to the current price stats, and has gained a value of 47% in its price as seen on the monthly charts. Bitcoin (BTC) and Ethereum (ETH) are the only crypto assets that have a bigger market cap than the market valuation of Binance coin (BNB).

When the CEO and founder of Binance, Changpeng Zhao (CZ), was responding to the recent performance of the crypto asset, he did not seem very excited, and neither did he have a very enthusiastic response to it. He said that it seems like BNB already has reached a new all-time high earlier today, just before my previous tweet.

Binance Coin (BNB) is currently being traded at a price of around $340. This is just a 2% decrease in its price in the past 24 hours after hitting its ATH.

Binance coin (BNB) was launched in the month of July 2017 by Binance exchange, the largest crypto asset exchange in the world by volume. Binance coin (BNB) now empowers the BSC ecosystem and the overall Binance universe. The users of Binance are provided with the option of paying their trading fee at a very reduced price using the BNB tokens.

Binance has also introduced Binance Pay and Binance Card for its users to allow them to carry out daily transactions using their Binance wallet.