The cryptocurrency market witnessed increased drama after prominent figures like Changpend Zhao and Sam Bankman Fried were arrested.
Despite this, Binance Coin (BNB), the cryptocurrency exchange’s native asset, performed well. The altcoin hit an all-time high of $720.67 about three months ago. BNB even rose by nearly 150% over the past year.
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At press time, Binance Coin was trading at $533.05, with a nearly 6% rise over the past 24 hours. This makes the asset 25% below the peak. The asset will have a bullish month but not as great as its June rally.
According to data from Changelly, BNB will surge to a high of $599.27. This price is still much lower than $720. As a result, $1000 is much further for BNB.
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