#BitDegree _ Daily Squeeze
BNBย might as well stand for Buy Now, Bro -ย cuz the bros really do be buying.
The coin hopped on a rocket and blasted straight to aย new all-time highย above $1.3K today.
And not only thatย - it surpassedย XRPย to become theย #3 largest cryptoย in the world.
Soooo, what's going on?
Memecoins
BNB Chain has recently seen a whole lotta new
#MEME coin projects, which attracted a whole lotta new traders, which made the prices a whole lotta higher.
You'll see that in just a second, in theย Memecoin Harvestย section:ย Binanceย ecosystem-related memecoins are really stealing the show.
Matter of fact, the BNB memecoin launchpad FourMeme has actually outperformedย Solana'sย PumpFun in 24-hour trading volume.
And this whole meme hype, while speculative, has created real on-chain activity that increasesย BNB'sย demand, becauseย every transaction on that network requires BNB to pay fees.
Aster
Then there's
#AsterDEX - a decentralized exchange (DEX) built on BNB Chain.
Aster supports perpetual futures - contracts that let users speculate on crypto prices without expiration - and offers leverage up to 1,000x.ย Very risky, but also very attractive to high-risk traders looking for bigger returns.
It gained immediate attention afterย Binanceย founder CZ started bullposting about it.
The attention in question:
It became one of the highest fee-earning protocols on BNB Chain ($2.5M in the past day);Its token, ASTER, increased nearly 3K% in its first week.
Because Aster operates on BNB Chain, every trade and position uses BNB for fees. As Asterโs trading volume grew, so did the network's gas usage.sterโs trading volume grew, so did the network's gas usage.
Institutional interest
Companies like
#CEAIndustries have begun holding BNB as part of their treasuries;
#YZILabs (a venture capital firm linked to CZ)ย is launching a $1B fundย to support new projects in the BNB ecosystem.
All of these factors have created a rise in demand for BNB =ย price go up.
Looking ahead, however, the rally might cool off a bit. After such a strong move, itโs normal for prices to wobble as traders take profits.
Plus, memecoin seasons come and go - one viral week can turn into silence the next.
Still, as long as BNB Chain stays busy, the underlying demand for BNB should stay healthy.
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