Binance cryptocurrency is at the doors of the $ 1,000

BNB, the cryptocurrency created by Binance, registered today, July 28, a new historical (ATH) of $ 858 and was one step away from reaching the goal of $ 1,000.

At the time of the publication of this article, The price of the native currency of the BNB Smart Chain (BSC) network is $ 850.

BNB’s good performance is held, in large part, for Binance leadership as the world’s largest exchange, with a daily volume that exceeds 21,000 million dollars.

It should be noted that BNB is used to access benefits within the platform, such as discounts on commissions and participation in exclusive releases.

Another reasons is that the BSC network records a notorious increase in activity ON-CHAIN. As cryptootics reported, from May to the present, daily transactions rose almost 200% and active accounts 127%.

This growth directly impacts BNB demand, since the Token is used to pay commissions within the network.

Likewise, it should be noted that BNB has established itself as a deflationary token thanks to the periodic burning mechanism implemented by the Binance Foundation, which gradually reduces its offer in circulation.

As seen in the following graph, since 2023 the broadcast (violet areas) has stabilized and has even been negative in certain periods. This change in dynamics strengthens its long -term value, since it reduces the amount of tokens available in the market.

Finally, companies such as Windtree Therapeutics Inc. and Nano Labs are accumulating BNB in their treasury. This not only reinforces the narrative of the asset as an asset of reserve, but also increases its visibility among institutional investors and helps consolidate the upward impulse.