The cryptocurrency ecosystem is experiencing accelerated growth, as Ethereum (ETH) surpassed the $4,000 mark and Binance Coin (BNB) successfully retested its previous all-time highs. The altcoin market is in a phase of strong growth, driving increased demand for major cryptocurrencies.
BNB Surges on DeFi and Memecoin Projects
The Binance ecosystem has recently seen significant growth, primarily driven by the success of DeFi projects and the popularity of memecoins. This momentum has boosted demand for BNB, which now shows signs of entering a parabolic growth phase.
Thanks to its recent retest of all-time highs from 2021, BNB is demonstrating strong momentum. This growth highlights the positive sentiment in the altcoin market, which is expected to expand further in the coming months.
Ethereum and Altseason Ignite a New Cycle
The price of ETH broke above $4,000 in the last 24 hours, bringing fresh optimism to the entire altcoin market. As Bitcoin dominance begins to decline, investors are shifting capital into altcoins, signaling the start of a new altcoin season.
Analysts predict that altcoins could outperform Bitcoin in 2025 as the market enters the next phase of the bull cycle.
Binance Coin (BNB) Reclaims Its Momentum
Following the victory of pro-crypto U.S. President Donald Trump last month, many U.S.-traded cryptocurrencies have seen a surge in demand.
XRP from Ripple experienced a fivefold increase.Solana (SOL) neared its all-time high of $250.
BNB, which had lagged over the past few months, is now gaining momentum. Over the last 7 days, its price rose by 4%, while Solana and Dogecoin declined by approximately 1%. At the time of writing, BNB trades at $715, making it the fifth-largest cryptocurrency with a market capitalization of $104.7 billion.
Whatâs Driving BNBâs Growth?
BNBâs success is closely tied to the Binance ecosystem, including the BSC (Binance Smart Chain) network and the Binance exchange.
The BSC Chain currently has a total value locked (TVL) of approximately $5.8 billion.Stablecoins on the network are valued at around $6.6 billion.The network has more than 1 million active addresses in the last 24 hours, reaffirming its dominant role in BNB's growth.
With strong infrastructure and a growing user base, BNB is well-positioned to maintain its bullish trend and reach new highs.
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