BNB has officially overtaken XRP and USDT to become the third-largest cryptocurrency by market capitalization. The token reached an all-time high of $1,336 earlier today and is currently trading around $1,275. Its market cap briefly crossed the $180 billion mark, placing it behind only Bitcoin and Ethereum.
The move follows a strong rally in recent weeks. BNB crossed $1,000 for the first time less than three weeks ago and has since continued to rise, gaining nearly 30% over the past seven days. The upward trend has been consistent, with the token setting multiple new highs during this period.
At its peak today, BNB’s market capitalization briefly exceeded $180 billion, outpacing USDT and XRP, which is struggling to regain the $3 level.
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Network Activity and Ecosystem Growth
BNB’s price increase comes from rising activity across BNB Chain. Recent data shows a significant increase in monthly active addresses, along with a rise in decentralized exchange volume. Aster, a newly launched BNB-based exchange, has seen rapid growth in total value locked (TVL), contributing to increased demand for BNB.
Lower network fees and increased staking levels have also been important. These developments have contributed to the token’s utility within the broader Binance ecosystem, including trading, staking, and DeFi participation.
Read also: Aster Reclaims $2.10 on Binance Debut, But Controversy Remains
Market Context and Trading Indicators
BNB’s rally comes amid broader gains in the crypto market, though its performance has outpaced most other large-cap tokens. Technical indicators suggest the token is currently in overbought territory. The Relative Strength Index (RSI) has moved above 77, signaling strong buying pressure, although some analysts view this as a potential sign of short-term overheating.
Despite this, trading volumes have remained high and spot-driven, suggesting that demand is being supported by actual purchases rather than excessive leverage.
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Looking Ahead
BNB’s recent performance has led to increased attention from both investors and crypto media. The token’s current price levels represent nearly 100% growth since mid-year, surpassing previous records multiple times.
The question now is whether the current rally will continue, powered by hype and Aster popularity, or if a price consolidation phase will follow after the latest series of all-time highs.
