BNB Hits Record $1,300, Analysts Predict Further Surge

BNB, the native token of Binance and BNB Chain, has surged to a new all-time high above $1,300, nearly doubling since its April lows. Analysts are projecting further gains as the token experiences a bullish breakout. With a market cap of $131 billion, BNB now ranks as the sixth-largest cryptocurrency.

• BNB's market cap of $131 billion positions it as the sixth-largest cryptocurrency, just behind Solana.
• A surge to $1,300 would increase BNB's market cap to $180 billion, threatening XRP's rank.
• BNB's token burn mechanism reduces supply, with the next burn scheduled within a month.

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