With the crypto market entering the bull run, major altcoins like BNB followed and showed major upward movement. Binance coin (BNB) is the exchange token of the Binance crypto exchange. It was launched originally on the Ethereum blockchain but later migrated to the Binance Smart Chain, now called BNB Chain. It is ranked #4 by CoinMarketCap.
BNB has been showing great price movement and a constant upward trajectory. Its market cap is currently at $77.9 Billion, and its trading volume is $4.25 Billion.
BNB Crosses $500 Price Target, What’s Next?
BNB is one of the top five altcoins in the crypto market. Recently, it crossed the $500 price target at $513. BNB exceeded investors’ expectations since its major dump after the 2021 bear market. Seeing many other major altcoins fail to recover, BNB came as a surprise, with a major recovery almost nearing its previous all-time high of $686.
With $BTC making new ATH, BNB followed the price trend, showing strength and price potential with sustained upward movement. In the past seven days, BNB has moved from $419 to $513, observing an increase of over $15%.
Institutional investors are also expressing interest in BNB price movements, and smaller projects on the chain are expected to surge due to increased activity on the blockchain. If this momentum continues, BNB has the potential to outperform its competitors like Solana and Ethereum.
However, since BNB has already grown exponentially in the last bull run, investors are now looking towards smaller projects for significant growth. Emerging DeFi platform, Algotech, has emerged as a major choice.
Algotech Races Past $2 Million in Public Presale
Algotech (ALGT) grew massively in a short period and is becoming the best new DeFi platform. The platform is based on emerging technologies like AI and machine learning and recently crossed the $2 Million mark in its public presale within two weeks. Algotech has sold over 45 Million ALGT tokens and is showing no signs of slowing down.
Investors are grabbing tokens at $0.06 before the token price increases to $0.08. Key driving factors behind the growth are the project’s roadmap and deflationary tokenomics. The platform gives governance rights and profit shares to early investors, and it also makes trading accessible to a broader audience through Social Trading features.
Based on these factors, the project is expected to become a leading DeFi force in 2024. Some analysts are even expecting the price to hit $1 once the project is listed on major centralized exchanges.
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
