🚀🚀😱BNB made ATH: It is on the rise with Launchpools😱🚀🚀
According to data on the market, $BNB , the fourth largest cryptocurrency, made ATH, reaching there towards 716, with an increase of 12 percent in the last 24 hours.
BNB is the native token of the #BNB chain ecosystem. The entire previous ATH of the token was recorded as $690 in May 2021. Approximately 3.3 billion dollars of volume occurred in BNB in the last 24 hours. The token currently has a market value of 107.2 billion units.
BNB's rally was supported by the popularity of Binance Launchpool. The platform requires users to stake BNB to participate in Launchpools.
Launchpools reduce the circulating supply of BNB
Last month, Binance Launchpool announced that it had registered Notcoin. Notcoin, which can be earned in a Web3 game on Telegram, has gained a market value of $2.2 billion since its launch. Meanwhile, Bitcoin's value rose 2.89 percent to over $71,000 in the past day, and most other altcoins were also in the green.
By increasing the amount of active users with Launchpools, Binance directly affects the circulating supply of BNB. The characteristics of users who stake BNB for a period of time also reduce the selling pressure on the parity. In addition, Bitcoin breaking $ 70,000 was a driving force for BNB. Binance's token, which quickly moved in the 716 direction after exceeding $ 700, renewed ATH for the first time after May 2021.
