Is BNB Crypto’s Stability A Driving Force Behind Its Price Surge?

BNB crypto has experienced a dramatic surge in value recently, breaking through the $900 barrier to set a new all-time high (ATH) this past August. Though recent price fluctuations have sent it down slightly from its ATH, the momentum surrounding BNB continues to be strong. 5.5% below its ATH, the current price action is largely considered healthy and stable. This stability can be attributed to Binance’s dominance in the cryptocurrency landscape, acting as a major player for all crypto activities. 40% of daily trading activity takes place on Binance, significantly bolstering BNB’s market value.