Binance Coin (BNB), the fourth-largest cryptocurrency by market cap, recently surpassed $100 billion in market value. As the native token of the Binance Chain, BNB plays a crucial role in an ecosystem teeming with rising and upcoming crypto tokens. It is also widely used for paying transaction fees on Binance, one of the world’s largest centralized exchanges.
Over the past year, Binance Coin has experienced a meteoric rise, climbing from $259 to an all-time high of over $720. In the last month alone, BNB appreciated by 21%, with a similar increase observed in the past seven days. This upward trajectory has positioned BNB as a highly lucrative investment for its holders.
As BNB continues its uptrend, many holders are expected to take profits, cashing in significantly from the recent price hike. Savvy investors are likely to reinvest these gains into their portfolios, with experts noting a particular interest in Raboo as a popular investment choice following BNB’s impressive performance.
