- The 1-day chart of BNB shows a bullish price movement
- BNB might be able to create a new all-time-high record
- BNB may go all the way in reclaiming the $400 throne
BNB never fails to surprise its market investors, as its price today is nearing to reach the bullish price of $300 per crypto. Additionally, the market capitalization of BNB now amounts to almost $50 Billion. If this huge market cap continues to rise in the following weeks of the year, BNB might be able to create a new all-time-high record.
As seen in the 1-day chart of BNB above, the price of the crypto continues to maintain its bullish trend. In detail, BNB was able to record a growth rate of over +40% from Dec 15, 2022, to Jan 16, 2023. Currently, BNB positions itself near the resistance level of $335.2. If the market continues to be in favor of the bulls, BNB may be able to break the psychological resistance of $335 and go all the way in reclaiming the $400 throne.
Meanwhile, it is also worth noting that BNB, in the past week, was able to surge its price from $218 to $297. If BNB is able to create an all-mighty pump like that once again, the price of BNB can be seen to hit the skyrocketing price of $500 in no time or even beyond.
As of the time of writing, BNB trades at a bullish price of $297.2 with a 24-hour trading volume of over $500 million. BNB remains one of the top 5 cryptos in the market.
In other news, Binance and Huobi have worked together to stop a massive hack from laundering funds. In detail, a Harmony One hacker tried to launder funds through the leading crypto exchange Huobi Global.
Being the stand-up exchange that they are, Binance assisted Huobi and the team to once again freeze his accounts. By working together, the exchanges were able to recover 124 BTC. The tweet goes on to say how important it is for CeFi exchanges to help protect DeFi transactions.
Read also:
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
