Three causes Binance Coin (BNB) solely hit $ 100

Alex Dovbnya

Binance Coin (BNB) is up over 130 percent since the last quarterly token burn

Binance Coin (BNB) hit a new all-time high of $ 100 on the Binance exchange at 1:39 p.m. UTC, getting closer to exceeding XRP.

The token has risen by more than 35 percent in the past 24 hours, even outperforming Bitcoin.

Binance coinImage from

Thank you, Elon Musk

Binance posted a new all-time high in traffic on Jan. 8, according to a tweet from CEO Changpeng Zhao:

The fact is that the systems are going to have some problems here and there as we scale exponentially. Nothing we can’t fix quickly, but it’s not going to be a perfect, smooth ride.

As reported by U.Today, Binance, along with other major exchanges, struggled to cope with the huge demand after Tesla announced its $ 1.5 billion purchase of Bitcoin.

Binance’s growing family of products

In early February, the largest cryptocurrency exchange launched a beta version of Binance Pay, its PayPal competitor:

With Binance Pay (Beta) you can pay and get paid in crypto by your friends and family worldwide.

Additionally, Binance Chain is now emerging as a serious competitor to Ethereum, with CZ now routinely encountering the latter.

A quarterly token burn sends BNB through the roof

Binance Coin has gained more than 130 percent since the 14th Token Burn announced on January 19. A total of 3.6 million BNBs were permanently withdrawn from circulation, which made the token scarcer.

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