Binance’s BNB token is establishing new highs daily, forging into price discovery with steady prospects for more gains. However, not everyone is buying the story.
The so-called “BNB Super Cycle” has sent prices and meme-fueled hype soaring, yet a growing number of analysts and traders are calling it the next bubble waiting to burst.
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BNB Moonshot Fuels a Backlash: Traders Warn of ‘Supercycle Hype’
The BNB price recently hit fresh highs, trading for $1,287 as of this writing, up by almost 3% in the last 24 hours.
The surge has pushed the Binance Smart Chain (BSC) ecosystem into overdrive. Data shows the BSC chain led decentralized exchange (DEX) volumes with over $6 billion in 24 hours.
Meanwhile, the BNB Supercycle movement gained viral momentum after Binance founder Changpeng “CZ” Zhao tweeted, “BSC stands for?” to which the community replied, “BNB…
