While the crypto market faced a pullback, BNB coin has added substantial gain in the last 7 days. The native token of the world’s largest crypto exchange registered over 20% profit, joining the top gainers for the week besides Dogecoin. The token has also enjoyed a 24-hour trading volume uptick. Specifically, over $1.1 million worth of BNB tokens have changed hands in the last day, representing a 9.45% increase. As of writing, BNB trades at $349, a 4.74% gain on the day. Related Reading: XRP Price Spikes 10% and Could Extend Rally To $0.55 or Higher There’s no major catalyst for the BNB token’s surge. However, its most likely caused by Binance’s participation in Elon Musk’s Twitter acquisition. Recall that Binance also launched a ‘blue bird’ index containing BNB, Doge, and Mask. Some analysts took it as the crypto exchange hinting at tokens that would be supported on Twitter as payment methods. After Twitter Acquisition, Binance Eyes Bank Purchase While the BNB token started an uptrend thanks to the Twitter deal, its parent company seems to eye other ventures. According to a recent Bloomberg article, Binance may add a bank to its list of potential acquisitions. A deal of this nature has the potential to ease tensions between the Bitcoin sector and traditional banking. Binance CEO Changpeng Zhao recently stated that the company was willing to spend more than $1 billion on acquisitions. Despite the severe market downturn, Binanc...
