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Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities
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Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities

BNB Registers New ATH Against BTC – And Zhao Is Not A Bit Surprised

Christian Encila
Christian Encila
2 years ago
2 mins read
BNB

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Binance Coin (BNB) was able to climax at an all-time high that outperformed Bitcoin (BTC) – and Changpeng Zhao, Binance CEO, isn’t surprised at all. Remarkably, the BNB/BTC pair reached $0.0124. On the other hand, the BNB/USDT pair spiked by 56.92% and still in the green lane but wasn’t as significant as the BNB/BTC pair.

According to CoinMarketCap, BNB price was up by 3.73% and currently trades at $291.12 as seen in the past 24 hours. Moreover, the token also gained an impressive number with its new monthly high that reached $298.06 in July 29.

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Zhao Focused On BNB Price Increase

In addition, Binance Coin also spiked on a weekly chart by 8.81% implying that investors were able to rake in some profit. In any case, BNB has not yet been successful with outpacing BTC, ETH, and USDT in terms of market capitalization despite the coin’s all-time high.

Zhao responded to tweets saying that he did not have the time to constantly monitor the charts as he reiterated that his main focus was on building its price. Binance has been doing the deep work which may have resulted to BNB achieving steady gains against other major cryptocurrencies. More so, CZ even pointed out that he was always talking about Bitcoin and rarely touching on BNB.

Binance’s CEO Changpeng Zhao. Image: WIRED

Binance Coin’s volume has been on an upswing and this also goes the same way with its price which has already reached an impressive 30-day level. From July 29 and as of this writing, the token’s volume has increased to 2.78 billion from 1.46 billion.

Investors are keeping a watchful eye on the Binance Coin price movement looking for an uptrend or a decline. Nonetheless, CZ is more committed towards building instead of obsessing on price increase.

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BNB Seen Hitting $384 On Sept. 30

With the entire cypto market victorious and in the green having breached the $1 trillion market cap level, crypto traders and investors are forecasting how the crypto will perform by the end of August.

The CoinMarketCap community made some wild prediction that BNB price will remain bullish and may shoot to an average price of $360.91 on August 1, 2022. For September, the community still has a bullish projection predicting that its price will shoot to $384.06 on September 30 which reflects a 35.09% gain compared to its current value.

On the flip side, a panel composed of 54 Fintech experts predicted BNB to go down to $274 which is incredibly lower compared to its current value. 

BNB total market cap at $47.1 billion on the weekly chart | Source: TradingView.com

Featured image from Letsexchange.io, chart from TradingView.com
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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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