BNB's Price Increased More Than 12% Within 24 hours
Portfolio Pulse from Benzinga Insights
BNB (CRYPTO: BNB) has seen a significant price increase of 12.06% in the past 24 hours, reaching $299.66. Over the last week, BNB's price has surged by 20%, up from $250.58. Despite this growth, it remains below its all-time high of $686.31. The coin's volatility is depicted through Bollinger Bands in the provided chart. Trading volume for BNB has risen by 22% over the past week, while its circulating supply has slightly decreased by 0.1%, with 76.93% of the max supply in circulation. BNB's market cap is currently ranked #5, valued at $46.21 billion.
December 26, 2023 | 3:00 pm
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BNB has experienced a 12.06% price increase in the last 24 hours and a 20% increase over the past week, with a current price of $299.66. The trading volume has increased and the circulating supply has slightly decreased.
The significant price increase and higher trading volume indicate strong market interest and positive momentum for BNB in the short term. The slight decrease in circulating supply could also contribute to upward price pressure due to potential scarcity. However, as a cryptocurrency, BNB's price can be highly volatile and subject to market sentiment shifts.
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