BNB Cryptocurrency Reaches Historic High for the First Time in 3 Years

The BNB token is showing significant growth, despite the regulatory scrutiny that Binance has been facing for the past few months. On March 13, the price of BNB reached $ 614, the first time since 2021.

Analysts predict that a new all-time high (ATH) could be reached within the next few months. Amid the rise of the crypto market, bitcoin continues to reach new highs, and altcoin prices are recovering from the levels of the previous bull cycle.

BNB is no exception: over the past 24 hours, the digital asset has grown by more than 9.7%, and over the past week — 45.2%. The token is currently near a critical support level that could push the price of BNB higher during this cycle.

The rise in value can be explained by market dynamics and BTC performance. Also, the recent announcement of ether. fi (ETHFI) joining the Binance Launchpool contributes to the growth of BNB, as it will allow users to mine ETHFI by investing their BNB.