Asset Description: $BNB
BNB has broken through 770 today, reaching its historical high. At this point, there is a lot of panic; those who got in are hesitant to buy more, and those who want to short are afraid to do so.
Previously, we had clearly analyzed the four aspects through which Binance empowers BNB, meaning that Binance has many ways to drive BNB's price upward.
Furthermore, we have seen that this time BNB broke its historical high without the push from Launchpool, proving that there is significant capital involvement behind this rise.
Additionally, looking back at the last bull market cycle, the craziest times in the bull market were when various platform tokens skyrocketed. Besides BNB, HTX has also been quietly increasing.
Not to say we should aim for 1000 for BNB, as that is too far away, but currently, aiming for 800 should not be a problem, and we can still position ourselves accordingly.