Binance Coin price breaks above $100 for the first time

The Binance Coin (BNB) token on the Binance exchange hit an all-time high, breaking above the $100 level.

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On the chart below, the price rise is seen, supported by rising trading volumes.

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Hourly chart of BNB/USDT on Binance from TradingView.

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At the time of writing, Binance Coin sits seventh in CoinGecko’s ranking, ahead of Litecoin but behind XRP. BNB’s market capitalization stands at $15.2 billion.

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Data: CoinGecko.

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Binance CEO Changpeng Zhao expressed confidence that $100 is only the beginning.

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#BNB the beginning. pic.twitter.com/7UCTTawlOo

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— CZ 🔶 Binance (@cz_binance) February 9, 2021

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Trader Axel BitBlaze noted that during the 2017 ICO, BNB was sold for $0.10. Since then the token has risen by 1,000x.

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In 2017 $BNB was sold for $0.1 via ICO. 🤷‍♂

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Today it hit $100. That’s a 1000x 😍
\nTo achieve this, Bear market or bull market @binance has been working hard and delivering something new since the day 1. 💯

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Congrats @cz_binance, well deserved! #RESPECT 👏

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— Axel BitBlaze 📈 (@Axel_bitblaze69) February 9, 2021

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The asset rose by 40.7% in the last 24 hours, 102% in seven days, and 136% in 30 days.

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Earlier last autumn, the Binance Chain platform launched the Binance Smart Chain mainnet, enabling smart contracts and BNB staking.

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