BNB, the native token of Binance’s BNB Chain, has reclaimed the spotlight after soaring to a new all-time high, cementing its position as the world’s third-largest crypto by market capitalization.
Data from CryptoSlate shows that BNB reached a record high of $1,335 on Oct. 7, before slightly retracing to around $1,306 as of press time.
The token has remained up more than 6% in the past 24 hours, making it one of the market’s top performers during the day. Over the past week, BNB has gained nearly 30%, extending its monthly rally to roughly 50%.
That surge allowed BNB to overtake XRP in total market value. As of press time, BNB’s capitalization stands at $182.6 billion, surpassing XRP’s $178 billion.
The token now trails only Bitcoin and Ethereum in global rankings, representing about 32% of E
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Author: Oluwapelumi Adejumo
