Summary
- It was reported that Binance Coin (BNB) has surpassed Nike and DoorDash in market capitalization.
- It was stated that the recent large-scale purchases by BNB treasury firms have strengthened upward momentum.
- A market expert mentioned the all-time high potential of Binance Coin, forecasting that it could rise to a maximum of $1,200.
Binance Coin (BNB), the native token of the global cryptocurrency exchange Binance, has surpassed American sportswear company Nike and food delivery platform DoorDash in market capitalization.
On the 12th (KST), CryptoPotato reported, citing 8Market's data, that Binance Coin ranked 191st in global asset rankings. This level is higher than major US companies such as Nike and DoorDash. On the same day, DoorDash and Nike were ranked 200th and 201st, respectively.
As of 10:47 AM on this day, Binance Coin is trading at $811.76, up 0.02% from the previous day. Its market capitalization is $113.1 billion.
The recent increase in 'BNB treasury firms' acquiring Binance Coin on a large scale has strengthened the upward momentum. Digital asset infrastructure companies such as Nano Labs and BNC (formerly VAPE) are competing to accumulate Binance Coin.
Market analyst Ali Martinez recently analyzed that the price trend of Binance Coin is similar to the early rally of Bitcoin (BTC), suggesting the possibility of a new all-time high. He said, "If Binance Coin's rally begins, it could rise up to $1,200."
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