The well-known cryptocurrency Binance Coin (BNB) made quite a headline today. From Changpeng Zhao to urge the Kyrgyz government to adopt BNB and Bitcoin (BTC) to Vaneck filing with the BNB Exchange-Traded Fund (ETF), the assets really stood out. Amidst these bullish developments, Altcoin prices have witnessed a noticeable increase. BNB has reached $599.27 for the last 24 hours at $584.61 for $584.61. But the real question is whether cryptocurrencies can take over this momentum throughout this week.
Check out the Binance Coin Market
The fifth largest cryptocurrency achieved a much-needed boost early today. The daily price change of assets is a modest 1.81%. This remains significant as assets recorded little major growth throughout April. At the time of writing, Binance Coin was trading at $599.19. It appears BNB was struggling to score the $600 mark.
If any of the aforementioned events are bullish, BNB could see the highest ever increase. Assets can even achieve new things. Altcoin hit an all-time high of $793.35 in December 2024 five months ago. Currently, this record is 24% shy.
Will Altcoin be able to regain its $600 mark by May 10th?
The data from CONCINCODEX highlights how BNB is set to record a notable surge every weekend. The assets will fall below $600 for most of the week, but the weekend will bring significant benefits to BNB investors. The company announced on May 10 that the cryptocurrency will be trading for $609.66. This happens after a 1.67% increase from the current price level.
