• 01/03/2024 00:16

BNB price has risen sharply over the past week and surpassed the $300 level

The native coin of the largest cryptocurrency exchange Binance has sharply increased in price in recent days. Over the week, BNB grew by 20%, breaking the psychological mark of $300. The last time the asset was traded at this level was at the beginning of summer. This is evidenced by data from CoinMarketCap.

The price of BNB has risen sharply over the past week and surpassed the $300 level

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At the time of writing the news, the cost of BNB was $310-312. As can be seen from the graph, the asset was in a bearish trend for a long time; its price dropped significantly over the course of 5 months amid pressure from the United States authorities on the company and personally on the founder of the exchange, Changpeng Zhao.

The price of BNB has risen sharply in the past week and has surpassed the $300 level

BNB price dynamics as of December 27, 2023/Source: CoinMarketCap

However, starting in October, interest in the asset began to grow , and over the last week the coin has sharply increased in price.

The jump in demand for the asset could be due to the announcement of a new project on the Launchpool from Binance – Sleepless AI. It presents a Web3 platform using AI, writes ForkLog.

In terms of market capitalization, BNB now ranks 4th ($47 billion). The coin competes with Solana, which has also recently increased its price significantly.

The price of BNB has risen sharply over the past week and surpassed the $300 level

The largest cryptocurrencies on the market/Source: CoinMarketCap< /i>

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