Binance Coin (BNB), the world’s 3rd largest digital currency, regained the important price level of $400 on Thursday after the digital asset posted a strong recovery from the recent correction. As of writing, the crypto asset is trading near $402 with a market cap of more than $61 billion.
According to the latest data published by Coinmarketcap, Binance Coin is up by nearly 30% in the last 7 days. BNB remained the best-performing cryptocurrency among the top 3 digital assets. Binance Coin touched an all-time high of $412 on 7 April 2021. The price of BNB saw a dip of approximately 10% on the same day but recovered quickly to regain the price level of $400.
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BNB started this year at a price level of $37. The digital currency has posted more gains than Bitcoin and Ethereum in the last 12 weeks. Binance Coin recently crossed the market cap of $50 billion after a significant surge in demand from retail traders.
Binance CEO Changpeng Zhao remained vocal about his views on Bitcoin and other digital currencies. During a recent interview with Bloomberg, Zhao said that almost 100% of his net wealth is invested in crypto. “I don’t own any