Binance Coin (BNB) showed encouraging daily performance after recording a big jump for the second time in February. BNB rocketed to a new all-time high of $ 195, an increase of $ 80 in the last 24 hours.
With this, BNB has recorded a 42% or quadruple increase in February alone. Annual increase of 413%. The current price spike has pushed BNB up several places to fourth in terms of total crypto market capital at CoinMarketCap.
After passing the $ 150 resistance, analysts stated that the next resistance for BNB is at $ 200. If this obstacle can be overcome then BNB will jump even further.
The increase in the price of BNB coin was also driven by significant activity in Binance Smart Chain (BSC). Based on data from Defistation, trading volume on the BSC has increased 20% in the last 24 hours and now amounts to around $ 8 billion.
The high cost of gas or transactions on Ethereum has prompted traders to switch to other alternatives such as BSC. The price of Bitcoin is currently trading at a new high of $ 51,794.51 per unit!
