On the morning of February 13, BNB’s price tested the $720 mark, a level last seen in mid-January. The catalyst for this rise was the release of the project’s technical roadmap for 2025.
— BNB Chain (@BNBCHAIN) February 12, 2025
The document outlines:
- reducing block formation time from three seconds to less than one second while maintaining a throughput of 100 million transactions per day;
- joint development of MegaFuel to ensure a gas-free mode for all types of operations;
- increased focus on supporting smart wallet concepts, AI, and meme coins.
Min Ju from Presto Research, in a conversation with The Block, cited comments from Binance founder Changpeng Zhao and new token listings like TST and CHEEMS on the largest platform as additional drivers.
According to CoinGecko, at the time of writing, BNB’s daily growth rate stands at 11.8%. Over the past seven days, the asset has appreciated by 22%.
The positive reaction helped neutralize losses following Donald Trump’s inauguration, while Bitcoin and altcoins remain in the red.
In addition to BNB, the native token CAKE of the decentralized exchange PancakeSwap also showed positive dynamics.
Ethereum Outperforms Competitors
Ethereum is showing more resilience compared to the overall market (-0.2%), with the asset appreciating by 2.5% over the past 24 hours.
Ju linked the dynamics to the submission of CBOE application for the inclusion of a staking option in the 21Shares Ethereum ETF.
“One of the most serious drawbacks was the lack of such an option. If the SEC approves the proposal, it will be a game-changer,” explained the analyst.
In January, ConsenSys founder Joe Lubin joined a group of experts who predicted a “soon” regulatory approval.
Earlier on February 12, the cryptocurrency market faced sell-offs after the U.S. Department of Labor reported an acceleration in consumer inflation. Bitcoin briefly fell below $95,000.
Previously, Standard Chartered assessed the current market environment as favorable for Bitcoin and the digital asset sector as a whole.