Key Takeaways

How did the community react to BNB’s new ATH above $1000?

CZ, Founder of the Binance exchange, thanked the community for driving the altcoin 10,000x from $0.10. 

Can BNB extend its rally? 

The strong Q4 seasonals could boost the uptrend, but there could be a risk of exchange selling pressure in the near term.  

On the 18th of September, Binance Coin [BNB] hit a new all-time high (ATH) of $1006 on the Binance exchange.

The extended rally brought its monthly gain to 15% amid a broader relief rally after the bullish Fed rate cut.  In fact, the daily trading volume spiked 28%, underscoring great market interest during the latest surge. 

The next crucial target would be $1.2K if the altcoin decisively crosses above $1016. 

A ‘truly community effort’

Reacting to the fete, the exchange Founder, CZ, called the move from the ICO price of $0.10 to $1000 a ‘truly community effort,’ adding the altcoin could front a similar run and hit $10K.