BNB Price Hits $1,240 Record High Amid Chainlink Partnership
The BNB price has reached a new peak of $1,240, driven by a 41% gain over the past month. This growth is partly due to a collaboration between BNB Chain and Chainlink, integrating U.S. Department of Commerce data on-chain.
Key Highlights
- The partnership allows Chainlink Price Feeds to deliver macroeconomic indicators like GDP and PCE Price Index directly to BNB Chain.
- The availability of this data facilitates the creation of new digital assets and enhances DeFi protocols' risk management strategies.
- Market observer Crypto King predicts a BNB price target of $1,500, identifying upward momentum from breakout phases in July, September, and currently.
- Conversely, analyst Crypto Claws warns of a potential correction to $700 if momentum decreases, which would be a 43% decline.
Other cryptocurrencies are also experiencing significant movements: Bitcoin has surpassed $125,000, and Ethereum is close to its previous high. Meanwhile, LINK remains below its all-time high, suggesting potential for growth.
