BNB breaks $600, leading a strong rebound of exchange tokens in 2024
Data shows that since the beginning of the year, the value of BNB has surged by over 90%.Author: TokenInsight
$BNB is the native token of the major cryptocurrency exchange Binance, and it is also the native token of BNB Chain. Its market capitalization has exceeded $92 billion, ranking fourth among all cryptocurrencies (only behind BTC, ETH, and USDT). Data shows that since the beginning of the year, the value of $BNB has surged by over 90%.
$BNB has outperformed its peers in 2024 so far, with the largest increase among exchange tokens and leading the rise among public chain native tokens.
Although $BNB experienced a decline in the second half of 2023 following regulatory turmoil at Binance, the price began to rise with positive market sentiment. Starting from December 2023, Launchpool accelerated its new listing pace, contributing to the upward trend of $BNB's price. Currently, $BNB has surpassed $600, achieving a strong rebound in 2024 due to positive market sentiment and effective operations under new leadership.
