Binance Coin (BNB) is following the crypto market upswing. The asset is up 1.9% in the daily charts, 5.9% in the weekly charts, and more than 7% over the previous month. However, BNB is down by 0.4% since January 2023.
Moreover, Binance Coin’s (BNB) latest rally may continue over this month. According to Changelly, BNB could surge to $374.40 on Valentine’s Day, Feb. 14, 2024. Reaching $374.40 from current levels would translate to a growth of over 16%. However, it doesn’t end there. Changelly anticipates Binance’s BNB to breach the $400 level by the last week of February. The platform predicts BNB to hit $414.77 on Feb. 24, 2024, a rise of almost 29% from current price levels.
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CoinCodex also anticipates Binance Coin (BNB) to continue its rally throughout February. The platform predicts BNB to hit $351.15 on Feb. 14, 2024, a rise of around 9.3% from current levels. Moreover, CoinCodex expects BNB to reach $400 on Feb. 18, 2024. Furthermore, CoinCodex anticipates Binance Coin (BNB) to surge beyond $560 by the end of this month. Reaching $560 from current levels would translate to a growth of about 74%.
Binance regains market dominance
According to Kaiko data, Binance has reclaimed the top spot, with nearly 50% of the global market share. The development follows the SEC’s (Securities and Exchange Commission) recent approval of 11 spot BTC ETFs (Exchange Traded Funds) and the exchange’s settlement with the US Department of Justice (DoJ). The recent BNB surge could be due to the exchange settling its dispute with authorities.
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The world’s largest crypto exchange by volume also recently announced the suspension of B-token withdrawals on the BNB Beacon Chain in support of BEP2. B-tokens are a variety of collateralized wrapped tokens. However, deposits for B-tokens will con