BNB is moving rapidly towards exceeding $ 1,000.

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The crypto money market continues to grow day by day. The total value of the markets exceeded $ 2.22 trillion. Binance Coin (BNB) broke the all-time record on the first day of May, reaching $ 645. In addition, BNB has exceeded $ 97 billion in market cap and is the third largest cryptocurrency by market cap.

BNB, the native token of Binance, the world's largest cryptocurrency exchange, broke the all-time record by rising to $ 645 on the first day of May. There does not appear to be any selling pressure on BNB, it is currently trading at $ 640. Overall, BNB investors are not in a hurry to sell and most investors hold their BNBs. In the month of Ninsan, BNB gained more than 2 times. Investors are holding their assets as they believe BNB will gain more value.

One of the most important reasons behind this rise and success of BNB is the Binance Smart Chain (BSC). Binance, who wants to get a share of the DeFi market and compete with Ethereum, can be said to be a factor in the rise of BNB with its moves and strategies. Also, Binance will launch the NFT market on Binance in June. Although it is not yet clear whether this will affect BNB, investors think it will.

In short, BNB has not yet found its real value and is still trading well below its value. In addition, investors think BNB will rise higher and they are holding their assets. In fact, most investors do not seem to be thinking about selling their BNBs, indicating that BNB can reach higher heights. When we look at the cryptocurrency markets in general, there are still new opportunities for BNB. It has the strength and determination of BNB to exceed $ 1,000 in May. It will not be difficult for BNB to exceed $ 1000 this month. It may move horizontally for a short time after each high, but will then make a rapid rise again in the upward direction.

Posted Using LeoFinance Beta



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