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BNB surges above $30 following cryptic Binance tweet

Benson Toti

BNB, the native token of the cryptocurrency exchange Binance, has broken through the $30 price level for the first time ever, following a strong advance that developed during yesterday’s afternoon session.

New all-time high

Having spent the better part of Tuesday morning hovering below the $29 mark, Binance Coin, as the token is also known, surged above the $30 level in the early afternoon session. The coin’s advanced to as high as $32.43 – a new all-time price record. The digital coin spent the rest of the session defending its earlier gains and eventually clinched its first ever close above the $32 mark. BNB finished the session at $31.01, well above its opening level of $29.31.

While BNB has failed to hold above the $32 mark in today’s trading, the coin has continued to trade comfortably above the $30 level. At the time of writing, the Binance Coin price was hovering around the $31.70 mark, according to data from digital currency tracker Coinmarketcap. It was also the best performing coin in the crypto top 10, having gained more than 10% over the most recent 24-hour period.

Excitement rises following cryptic tweet

Yesterday’s surge came after Binance, which is one of the largest digital currency exchanges in the world, posted a cryptic tweet, showing a simple image with a “2.0” written over what appears to be Binance’s logo. While the exchange hasn’t shared any details about the tweet since, the image has prompted positive buzz within the crypto community.

In today’s trading, the Binance Coin price stood at $31.76, as of 10:21 BST. The digital coin has gained 11.3% in the past 24 hours, Coinmarketcap data shows. The coin’s total market capitalisation currently stands at nearly $4.5 billion, which makes BNB the seventh largest digital currency on the market.

Featured image: Diego Ioppolo / Shutterstock.com

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