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Stock impact report

Why BNB Matters: Key Drivers Behind The Rally and BNB Chain's Growth [Yahoo! Finance]

CEA Industries Inc. (BNC) 
Company Research Source: Yahoo! Finance
Although the native token of the BNB Chain is down more than 2.5% in the last 24 hours , the cryptocurrency reached a new all-time high above $1,300 earlier this week The latest rally has pushed BNB past Ripple's XRP and Tether's USDT stablecoin. At the time of writing, BNB stands as the fourth-largest cryptocurrency, with a market cap of $170 billion according to CoinMarketCap. BNB Chain recently experienced a “meme coin frenzy. ” According to GeckoTerminal, the total trading volume on BNB Chain reached approximately $20.5 billion on October 8, compared to $12.7 billion on Solana, a difference of roughly $7.8 billion. Earlier this week, a trader turned $3,000 into $2 million in days by sniping a meme coin on BNB Chain. Yet, BNB Chain's meme coin rally came to a sudden halt when Binance founder Changpeng “CZ” Zhao clarified that his social media posts should not be taken as trading indicators or endorsements. What's Driving BNB's Surge? Meme coins and hype aside, industry ex Show less Read more
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