The Binance-Chain Store-of-Value Token Presale Launch and Spot ETF Rumors Push BNB to ATH

The US Government's newly sanctioned infrastructure for the Binance crypto ecosystem reigns supreme as Binance's founder starts his four-month federal jail term. After the token presale for BEP-20 alternative Bitcoin "Bitnance ($BTN)" began, the BNB currency reached a new high.

Binance (BNB) Coin's Highest Point?

The BNB coin ATH is at $720.67 [USD]. This was established yesterday, June 6, 2024.

until this, the native currency of the world's largest crypto exchange would stagnate at $650 until correcting. This occurred twice before 2024.

BNB Coin Price Rise: Why?

Numerous hypotheses explain why $BNB $BNB prices are rising.

Most notably, traders predict Binance Coin spot ETF clearance this year. After Ethereum's acceptance, many anticipate BNB, SOL, XRP, and LTC to follow suit.

The price spike may possibly be due to Binance's resume of Visa and Mastercard credit card transactions. This news emerged today but was in the works for almost a week, suggesting a whale investor got it first.


Investors suggest Binance-Chain's new BEP-20 coin "Bitnance (BTN)" as a third cause. The blockchain's new Bitcoin ($BTC) token presale began.

CryptoNews, InsideBitcoin, ICOHolder, and others are alerting investors that Binance-Chain will launch a store-of-value token. It will compete with Bitcoin and give anti-inflation measures to assist traders hold value while fiat money collapses. Binance-chain will be cheaper than Bitcoins because to low trading costs.

Investors in the first ICO round are also drawn to this enterprise because $0.357 will quadruple. Binance is the world's largest exchange, and demand drives Store-of-Value token prices.

Binance traders: how many?

An estimated 200 million crypto dealers utilize Binance.

Yearly trading volumes approach $7.7 trillion at the top CEX.

The BEP-20 network supports over 69 fiat currencies, making it one of the best solutions for bitcoin holders worldwide.

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