$BNB has recently achieved another milestone on Friday in price performance. Specifically, $BNB price has surpassed the $1,100 spot, achieving a new all-time high (ATH) of $1,190.35 today. Whereas, Bitcoin ($BTC) and Ethereum ($ETH) are hovering around their former ATHs. As per the latest data, this remarkable surge could indicate the beginning of a new bullish cycle. Thus, the market participants anticipate this building momentum to continue.
$BNB Crosses Psychological Price Barrier of $1,100, Hinting at Start of New Bull Cycle
The price of $BNB has efficiently jumped above the $1,100 mark, which has posed a psychological barrier. This increase is crucial in $BNB’s future performance, elevating its status from just an “exchange coin.” Thus, the growing demand for $BNB is significantly fueling its performance.
At the moment, $BNB is trading at $1,176.03. This price level indicates a 6.95% increase over the past 24 hours. Similarly, the market capitalization of the popular crypto coin has reached $163.7Bs, displaying a 6.97% increase in the meantime. Apart from that, the 24-hour volume of $BNB presents a 39.98% upsurge. In the same vein, its weekly and monthly price performance account for 21.18% and 38.89% growth, respectively.
$BTC and $ETH Trail Back, Hovering Around Previous ATHs
On the other hand, Bitcoin ($BTC) and Ethereum ($ETH) are changing hands around their former ATHs. In this respect, Bitcoin’s ($BTC) price is $122,540.97, which is 1.56% below its previous ATH of $124, 457, 12. Additionally, Ethereum ($ETH) is trading at $4,506, sitting 9.14% behind its ATH of $4,953.73.
Overall, the staggering surge of $BNB above the $1,000 mark shows a huge “yes” signal for its further price trajectory. While it has beaten its competitors like Bitcoin ($BTC) and Ethereum ($ETH) by significant percentage points in terms of price performance, it is set to achieve additional milestones. Nevertheless, whether this bullish momentum continues or leads to a price correction remains to be seen in the coming days.
