BNB, the cryptocurrency of Exchange Binance, is going through one of the best moments since its creation. The asset marked a price maximum (ATH) of price of $ 1,190 and its market capitalization exceeded for the first time the threshold of the 160,000 million dollars. In this way, BNB displaced Solana (sun) from the fifth place of more valuable digital assets in the marketas observed in the following list provided by CoinmarketCap:
BNB is the fifth most valuable digital asset on the market. Source: Coinmarketcap. The fact that the cryptocurrency of the BNB Smart Chain network is at price maximums and market capitalization It is explained by the deflationary nature of this asset.
Until the end of 2021, the BNB issuance was positive, with a constant increase in tokens in circulation that, if it was not accompanied by more demand, exerted bearish pressure on the price. Since 2023, BNB broadcast remains stable and even negativereinforcing its deflationary nature and favoring a possible sustained increase in its value. In the following Different trading graph, you can see what happened since the broadcast of BNB (violet -painted areas) went from positive to negative: on the other hand, we must highlight the reasons that explain the good performance of BNB. One of them is the utility that the asset has in the ecosystem: it serves to pay with discount commissions in Binance, participate in tokens launches, access Staking and Savings products, and functions as gas in the BNB Smart Chain. Its price also received impulse for reports on negotiations between Binance and the United States Department of Justice to close the external supervision imposed in 2023, as reported by cryptootics. This after the agreement that included the payment of 4.3 billion dollars and the departure of Changpeng Zhao (CZ) of the company itself. This news unleashed rumors about the return of CZ to Binance, although without official confirmation.