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BNB Price Smashes new highs, $150 is imminent?
The native currency of the world’s popular crypto exchange, Binance, BNB price hits a milestone of $100 in the early hours of trading. The coin registered the largest ever accumulation of green candles to trade around $130 smashing a new ATH every minute.
The large influx of trading volume of nearly 152%, more than $5 billion in the last 24 hours led to the massive rally rising the market capitalization by more than 50%.
The intensified BNB price rally is speculated to be the outcome of the successful adoption of the DEX platform of Binance, Binance Smart Chain(BSC). The spiked gas fees on Ethereum is the major reason that the crypto masses migrated to the BSC. In a recent update, BSC has flipped Ethereum network in terms of number of transactions as mentioned by Binance CEO, Changpang Zhao.
At the time of writing, BNB price is $130.26 with a massive jump of 52.74% in the last 24 hours. Considering the further rally, a small correction may be expected but $100 levels may not be broken.However, the BNB price rally may still continue after the retracement which may even hit $200 to $250 in coming days.
Matic Network price experiences a long jump!
Matic Network price surged like a quiet storm and expected to go to the new highs very soon. With the tremendous rise, the MATIC’s position gained 18 positions on Coinmarketcap securing the 75th one.
The Matic Network rebranded as Polygon, broke the channel which it maintained since its inception. As the trend line was broken, the price shot up massively close to 150% in the past couple of days.
The Matic network with its wide range of applications like Matic PoS Chain, Plasma Chains, powered 7M plus transactions for 200k user address, onboarded 80 plus applications MATIC price is expected to go 10 times higher in the coming hours.
At the time of writing, MATIC price is $0.1216 with a massive jump of 67.83% in the last 24 hours. It has also formed an ATH at $0.1243 in the early trading hours and slipped very slightly from the levels.
However, the price is expected to shoot up very soon with the platform upgrading to the layer 2 solutions with many more fundamentals. Collectively BNB price rally and MATIC price rally is expected to continue in the coming days to hit new highs.