Prominent cryptocurrency Binance Coin (BNB) has made quite the headlines today. From Changpeng Zhao urging the Kyrgyz government to adopt BNB and Bitcoin (BTC) to VanEck filing for the first-ever BNB exchange-traded fund (ETF), the asset truly stood out. Amidst these bullish developments, the price of the altcoin witnessed a notable increase. BNB went from trading at $584.61 all the way to a high of $599.27 during the past 24 hours. But the real question is if the cryptocurrency can carry this momentum on throughout this week.
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Looking Into The Binance Coin Market
The fifth-largest cryptocurrency garnered a much-needed boost earlier today. The asset’s daily price change stands at a modest 1.81%. This is still significant as the asset barely recorded a massive uptick throughout the month of April. At the time of writing, Binance Coin was trading at $599.19. It looks like BNB was struggling to latch on to the $600 mark.
If either of the aforementioned events turns bullish, BNB may see an increase in its all-time high. The asset may even achieve a new one. The altcoin reached an all-time high of $793.35 some five months ago in December 2024. The asset is now 24% shy of this record.
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Can the Altcoin Reclaim the $600 Mark by May 10?
Data from CoinCodex highlights how BNB is all set to record a notable surge during the coming weekend. While the asset will remain below the $600 mark for most of the week, the weekend will bring in notable gains for BNB investors. The firm revealed that on May 10, the cryptocurrency will trade at $609.66. This comes after a 1.67% rise from its current price level.
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