- Binance Coin reached a new all-time high price reaching $680.
- BNB market capitalization has surged over $100 billion.
- BNB has a chance of reaching great heights.
BNB is performing well this week as it surged back into the $600 resistance level today and reached a new ATH. Currently, BNB holds the 3rd position in the crypto market. According to CoinMarketCap, the price of BNB is over $640 with a 24-hour trading volume of almost $6 billion, at the time of writing.
Based on the chart above, the smaller time frame shows the Ascending Channel pattern. An Ascending Channel is the price changes contained between two upper sloping parallel trendlines. In addition, the higher highs and the higher lows make this price pattern.
With the growing crypto industry, BNB has a chance of reaching great heights. Furthermore, the bullish BNB price prediction 2021 is $1,000. Even more, it may even reach a new ATH if investors have decided that BNB is a good investment in 2021.
Furthermore, Binance Coin (BNB) is a cryptocurrency that can be used to trade and pay fees on the Binance cryptocurrency exchange. Moreover, the Binance exchange is the largest digital asset exchange in the world as of January 2018, facilitating over 1.4 million transactions per second.