BNB Surpasses XRP in Market Cap with $1,330 Record High
As the crypto market rallies, BNB has achieved new record levels, surpassing major cryptocurrencies by market capitalization.
BNB's Performance
- BNB experienced a 30% rally over the past week, setting four new all-time highs.
- The altcoin broke out of its $200-$700 range, reclaiming the $1,000 level and reaching a high of $1,330.
- BNB now ranks as the third-largest cryptocurrency by market capitalization, following Bitcoin and Ethereum.
- Market analysts suggest further potential for BNB, with targets set at $1,500 and possibly $2,000 if momentum continues.
Corporate and Ecosystem Developments
- Nasdaq-listed CEA Industries announced its holdings of 480,000 BNB tokens, aiming to own 1% of BNB's total supply by 2025.
- CEA Industries' investment in BNB amounts to approximately $412.8 million, with an average acquisition cost of $860 per token.
- BNB Chain adopted Chainlink’s data standard, integrating US Department of Commerce data into its blockchain.
- Kazakhstan launched the Alem Crypto Fund with Binance Kazakhstan as a partner, making BNB its first investment.
