With its price surging sharply to new all-time highs this year , BNB (The Binance native coin) is now one of the best-performing cryptocurrency assets in the ongoing bull market cycle. While the altcoin is currently holding strong above the $1,300 price mark, several key factors have been identified as likely responsible for the recent upward trend to new heights.
What Pushed The price Of BNB To New Highs
BNB keeps surpassing market expectations, breaking through barriers, and reaching new all-time highs as the cryptocurrency market is swept by bullish momentum. In a recent quick-take post on the CryptoQuant platform, a market expert with the nickname XWIN Research Japan has outlined the possible triggers of the altcoin’s strong upside action this cycle.
As of October 8, the