Binance’s native coin, BNB has continued to storm ahead following its break out above the $30 mark. As of 22nd June, it has been reported that BNB, has not only entered the top 10 club but is also moving towards the top 5.
BNB has taken over Bitcoin cash SV [BCHSV] as it did to Cardano [ADA], Tether [USDT], Tron [TRX] and many more crypto assets. At the time of press, BNB is trading at $38.82 USD, which also marks as its new ATH at the current level.
As observed, BNB ranks #7 on CoinMarketCap as it holds a $5.4 billion market capital value, the highest position for $BNB in market capital so far.
When we bring BNBs historical data in the picture, on 16th Jun, BNB started its day with the price of 32.40 USD. Within 7 days, the coin surged over $38.82 USD that resulted in an increase of nearly $1 billion in its market cap.
The above image displays the last one-week growth in the market value of BNB.
As BNB reached the all-time high margin a lot us from the community celebrated the win.
Additionally, on 12th June the Binance team announced:
This tweet indicates that Binance will be lowering its fees for trading activities and more by 50%. According to the votes and proposals from the validators, this action has been taken. This means that the fees will be cut right into half of what it was before. Now that BNB has surged to highest of its margins, the fee discount adds in a lot of value to the trading community on Binance.
In the current bull market, BNB has taken over the position of the majority of its competitors. After a gradual increase in the market value of BNB it has slowly and steadily reached its ATH.
At the time of writing, BNB has a trading price of $36.84 with a market cap of $5.2 billion. BNB is up by 6% in the 7-day chart.