BNB Price Hits $1,000 as ETF Rumours Spark Rally
The post BNB Price Hits $1,000 as ETF Rumours Spark Rally appeared on BitcoinEthereumNews.com. BNB price breaks $1,000 for the first time after a 42% rally, with analysts targeting $1,300 on rising adoption and ETF speculation. BNB price crossed the $1,000 mark for the first time on September 18, and briefly touched $1,007 before pulling back just below it. According to CoinMarketCap data, this surge capped a 12% weekly gain and extended the token’s year-to-date rally to more than 42%. BNB Price Driven by Market and Institutional Factors Several factors combined to push BNB above $1,000. Analysts believe that favourable macroeconomics and many other factors acted as drivers. The U.S. Federal Reserve’s recent interest rate cut boosted risk appetite across the financial markets. Cheaper borrowing costs have historically lifted demand for risk assets, and crypto (including BNB) followed the same trend. In addition to this, BNB Chain has emerged as a top choice for tokenising real-world assets like gold, U.S. Treasuries and equities. BNB is leading the charge in RWA tokenisation | source: RWA.xyz Additionally, Circle’s USYC now holds most of its market cap on BNB Chain. Matrixdock’s gold-backed XAUm also sees most of its activity on PancakeSwap, which is yet another decentralised exchange built on BNB Smart Chain. Binance Co-Founder Reflects on the Journey Binance co-founder and former CEO Changpeng Zhao celebrated the milestone and recalled BNB’s initial coin offering price of $0.10 in 2017. “Watching BNB go from $0.10 to $1,000 is something words cannot explain,” Zhao said. He thanked long-term holders and community members, noting that perseverance and continued development helped BNB reach this point. Watching #BNB go from $0.10 ICO price 8 years ago to today’s $1000 is something words cannot explain. I, not representing any entity or title, as just a community member and a #BNB holder, thank everyone in the #BNB and crypto ecosystem, for your support.…
The post BNB Price Hits $1,000 as ETF Rumours Spark Rally appeared on BitcoinEthereumNews.com.
BNB price breaks $1,000 for the first time after a 42% rally, with analysts targeting $1,300 on rising adoption and ETF speculation. BNB price crossed the $1,000 mark for the first time on September 18, and briefly touched $1,007 before pulling back just below it. According to CoinMarketCap data, this surge capped a 12% weekly gain and extended the token’s year-to-date rally to more than 42%. BNB Price Driven by Market and Institutional Factors Several factors combined to push BNB above $1,000. Analysts believe that favourable macroeconomics and many other factors acted as drivers. The U.S. Federal Reserve’s recent interest rate cut boosted risk appetite across the financial markets. Cheaper borrowing costs have historically lifted demand for risk assets, and crypto (including BNB) followed the same trend. In addition to this, BNB Chain has emerged as a top choice for tokenising real-world assets like gold, U.S. Treasuries and equities. BNB is leading the charge in RWA tokenisation | source: RWA.xyz Additionally, Circle’s USYC now holds most of its market cap on BNB Chain. Matrixdock’s gold-backed XAUm also sees most of its activity on PancakeSwap, which is yet another decentralised exchange built on BNB Smart Chain. Binance Co-Founder Reflects on the Journey Binance co-founder and former CEO Changpeng Zhao celebrated the milestone and recalled BNB’s initial coin offering price of $0.10 in 2017. “Watching BNB go from $0.10 to $1,000 is something words cannot explain,” Zhao said. He thanked long-term holders and community members, noting that perseverance and continued development helped BNB reach this point. Watching #BNB go from $0.10 ICO price 8 years ago to today’s $1000 is something words cannot explain. I, not representing any entity or title, as just a community member and a #BNB holder, thank everyone in the #BNB and crypto ecosystem, for your support.…
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