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Jakarta, Pintu News – Binance Coin (BNB) has reached a new record high by breaking the important $1,000 mark today, September 18. Data from CoinMarketCap shows that the BNB price has reached a new peak of $1,005.29, up 17.45% in the last 30 days.
Trading volume in the last 24 hours also increased by 27% to $4.3 billion. This increase coincides with the news that Changpeng Zhao (CZ) may be returning to Binance.
As the price of BNB has risen to $1,000, a “Diamond Hand” investor who invested $1,000 in BNB is now worth almost $1 million, a 1,000-fold return.
According to Lookonchain, the wallet address still holds its assets despite eight years having passed. This investor’s courage and patience in holding onto his assets has yielded great results amidst often unpredictable market fluctuations.
Read also: Ethereum and Columbia University Collaboration: Opening a New Era of Blockchain Research
Speculation about CZ’s return to Binance began after he changed his bio on X from “ex-Binance” to “Binance” on September 17. This change sparked rumors in the crypto community about the possibility of CZ taking an active role back on Binance.
The return of CZ, who previously left the company after pleading guilty to federal charges in the US related to the failure to implement adequate anti-money laundering measures, is considered a factor driving BNB’s price increase.
At the time this article was published, BNB was trading near $997, up 4.38% in the last 24 hours. With a market capitalization of $138.78 billion, BNB is now the fifth largest cryptocurrency by market capitalization. This position demonstrates the great confidence of investors and users in the Binance ecosystem, as well as the huge growth potential still ahead.
With the return of CZ and the achievement of a new price record, the future of BNB looks very bright. Investors and market watchers will be keeping a close eye on further developments, especially how Binance will handle the regulatory challenges. This rise in BNB price not only shows the strength of Binance as a platform, but also as a positive indicator for the crypto market as a whole.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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