BNB Price Goes Up as Trading Volume Hits Highest Level of the Year
The price of Binance Coin (BNB) has gone up and is now around $667. This jump happened because more people are trading BNB. Its daily trading volume reached $1.135 billion, which is the highest so far this year.
This rise in trading shows that more people are interested in BNB. Also, the number of traders who believe the price will go up is higher than those expecting it to fall. This shows growing confidence in BNB’s future.
Because of this strong move, BNB has passed Solana in total market value and is now the fifth-largest cryptocurrency.
Impact:
If trading activity stays high, BNB’s price could keep rising. But if trading slows down or the market turns weak, the price might fall or stay flat.