BNB Price Soars 478%: Binance Coin’s Journey to New All-Time High

Binance Coin (BNB) experienced a remarkable surge, soaring an impressive 478% from its 2023 lows. Reaching $1,190, BNB secured its place as the fifth-largest cryptocurrency globally and solidified its position in the crypto market. This significant jump fueled its total market capitalization past $162 billion. Factors contributing to this surge include a notable increase in Binance Smart Chain (BSC) transactions and Binance’s commitment to token burning.