The cryptocurrency landscape is witnessing a remarkable shift, with the BNB price emerging as a standout performer among the top ten cryptocurrencies by market capitalization.
The recent momentum has been particularly noteworthy, as the BNB price eyes to turn the $1,300 mark as its new support for further upside movements, retracing only 2% from its peak after its record-breaking rally on Tuesday.
The uptrend has also witnessed BNB surpass both XRP and Tether’s USDT, reclaiming its status as the third-largest cryptocurrency, trailing only behind Ethereum (ETH) and Bitcoin (BTC).
CEA’s ambition to become a major player in the BNB ecosystem, is also highlighted on its roadmap with plans to own 1% of the total Binance Coin supply by the end of the year.
David Namdar, CEO of CEA Industries, commented on the recent surge, stating, “BNB’s all-time highs are a clear validation that the global markets are waking up to the inherent value, credibility, scale, and utility of both the asset and underlying ecosystem.”
The company’s CEO further emphasized that Binance Coin should be viewed not merely as a token, but as a central component of a “highly integrated network.”
This implies that if this scenario plays out, the coming days of months could see additional increases for the BNB price of 14% and a major 52% in the case of breaching $1,900.
Featured image from DALL-E, chart from TradingView.com
