For the first time in its history, BNB, a cryptocurrency created by Exchange Binance, has surpassed the $1,200 threshold and reached its historic maximum (ATH) of $1,220.
When this memo was published, The native currency of BNB Smart Chain Network is negotiated at $1,216as observed in the following graph:
In this way, BNB is consolidated as the fifth most valuable asset in the top 100 market capitalization. It is currently worth $169.5 billion.
One of the reasons why BNB prices are promoted is its deflationary nature. Since 2023, token emissions remain stable or negative, thus reducing offers and supporting growth in its value.
The asset also benefits from its usefulness within the Binance ecosystem. This is because you pay with discount commissions, take part in releases, access staking and savings products, and act as gas for the BNB Smart Chain BNB network.
Additionally, the BNB price was reclaimed after a report on the possibility of negotiations between Binance and the U.S. Department of Justice to end the oversight imposed in 2023. It supplied rumors about Changpen Zhao (CZ) eventually returning to the company.
However, so far, as reported by Cryptonoticia, there is no official information about it.
