Binance (BNB) Coin is one of the few rare big-cap coins that set another ATH after breaking their 2021 high. The previous BNB ATH was $678, set last March 2021, while the new BNB ATH of $717 was set just last June.
BNB holders were among the winners of 2024 as the bulls managed to push the prices to a ATH in last June. According to some estimates, it’s entirely possible to see a new BNB ATH before the end of the year, with $1000 set as the highest possible target BNB ATH. As with all predictions, a new BNB ATH is entirely contingent on whether the bulls show up.
With the most anticipated US Fed start cutting interest rates from 18th Sep by estimated 25 bps or 0.25%, it could work as a catalyst to give a bullish momentum to crypto and stocks worldwide.
As of now, at the time of writing this article, BNB is trading nearly $532 and has seen a massive 6% jump in its price over this week and has a total market capitalization of $77.6 Billion as per data from CMC