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With several major announcements being made by Binance, the exchange’s native cryptocurrency Binance Coin has seen several days of impressive growth. So much so, BNB has reached a new all-time high. Founder and CEO of the Tron Foundation, Justin Sun, congratulated Changpeng Zhou on the achievement.
Huge congrats to @binance & @cz_binance on breaking the ATH! No matter bull or bear, eventually, our value depends on what we buidl. pic.twitter.com/KWfjBJ0nIa
— Justin Sun (@justinsuntron) April 20, 2019
CZ replied with:
thanks!
— CZ Binance (@cz_binance) April 20, 2019
According to CryptoCompare, Binance Coin reached its new all-time high of $25.42 at around 9 AM today:
There are several major reasons for BNB’s impressive performance. The token underwent a successful tokenswap recently from ERC20 to BEP-2. Additionally, projects have begun migrating to Binance Chain with Mithril being the first to do so. New projects have also been deciding to adopt Binance Chain as their native blockchain.
Furthermore, if you're a BNB holder and you're worried about how to prepare for the mainnet token swap, Binance has provided some advice:
"How can you prepare for the mainnet swap?
— Binance (@binance) April 20, 2019
If your $BNB is on #Binance already, you don’t need to do anything - we’ll handle it for you.
For any other wallet, ensure the BNB mainnet swap is supported. If not, send your $BNB to Binance. We suggest doing this as soon as possible. pic.twitter.com/FZaLXfBJJa