The sharp rise in the price of BNB continues, the asset has set a new all-time high above $ 280.
Despite the possibility of a BNB correction in the short term, technical indicators indicate that the coin's price has not yet approached the top of the current upward movement.
Back on January 22, BNB was trading around $ 38. Over the month, its price has increased by 431%. Binance Coin has already surpassed Tether in terms of capitalization and is now ranked 3rd in the Coinmarketcap rating.
Binance Smart Chain (BSC) blockchain gainspopularity, having received a significant boost from the development of the DeFi space and high Ethereum fees. The number of transactions on the BSC network is already almost double that of Ethereum.
The situation is not so good for XRP.Despite a slight increase in recent days, XRP fell back to seventh place. XRP's outlook is uncertain while there is a legal confrontation between Ripple and the SEC. The issue of recognizing XRP as a security by the regulator may remain open for many months, scaring away investors.
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