BNB Token Pushes Past $300, Rides Recent Pump

BNB Price Surpasses $300

BNB token broke the $300 mark on January 14 for the first time in over a month, marking the first time in 2023.

Following a recent market pump that saw bitcoin push past $21,000, BNB token has risen over 13% in the last seven days, according to CoinMarketCap. The token reached a high of $314 on January 14 before hitting price resistance and barely sustaining above $300. The market capitalization for BNB remains firmly in the Top 5 among all cryptos, just under $50 billion.

BNB’s price action trails the price pumps by other major cryptocurrencies. Bitcoin, Ethereum, Polygon (MATIC), and Cardano (ADA), all pumped over 20%. Solana notably pushed back into the Top 10 by market cap for a brief time on January 14 as $SOL pumped over 70% back above $21.

The current bullish trend across the crypto industry is a welcoming sign for 2023 as well as for the bags of investors, some are even predicting that the current green candles and arrows will maintain for a few weeks.

Bullish signs in the market are mounting: $70 billion was pumped into bitcoin between Jan. 7-14, and an alt-run could potentially be in the works. Other interesting signs are that famous talking heads like Jim Cramer and Mark Cuban are souring on crypto--and where there is FUD, there is often opportunity.

What is BNB Chain:

Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.

Find more about BNB Chain here:

Website | Twitter | Discord | Telegram | GitHub |