BNB, an altcoin linked to Cryptocurrency Exchange Binance, has set the highest price record ever.
According to Binance Data, the record $900 price was the result of a recent spike in Ethereum and other Altcoins. Interestingly, other exchange link tokens have experienced a similar increase.
BNB is not currently directly related to Binance Exchange, but the coins are developed through exchanges and are known to have serious support.
But at a time when BNB prices were breaking records, a tweet by Binance founder and former CEO Changpeng Zhao (CZ) caused a stir on social media platforms. While visiting Kyrgyzstan, CZ shared a photo of herself being assigned a vehicle under the license plate “888 BNB”. The $888 price was referring to the coin’s all-time high.
CZ, who shared the photo, said the license plate in question was not planned. But the most important thing was what he said next. The CZ said the figure 8888 is considered good fortune in China. This unexpected rise sparked speculation that CZ set $8,888 as its next target for BNB prices.
For the coin to reach $8,888, the total market capitalization must reach around $1.2 trillion. Given that Ethereum’s current market capitalization is $573 billion, this seems like a distant scenario for now, at least for now.
*This is not investment advice.
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