First XRP, Then BNB. All Signs Now Point to PENGU for the Next Breakout

Major altcoins BNB and XRP have both broken out to new all-time highs, signaling market strength BNB’s rally is backed by treasury adoption, while XRP’s is fueled by new US regulatory clarity Traders are now watching PENGU, which is up 40% weekly and just 22% shy of its own ATH. Crypto exchange Binance’s BNB token and then XRP both touched new all-time highs, igniting speculation that other major altcoins could be next in line to rally. With the market leaders now in price discovery, traders are turning their attention to high-momentum tokens like Pudgy Penguins’ PENGU. BNB Smashes ATH on Treasury News Binance’s BNB soared to an all-time high of $804.17, although it has slightly pulled back to $796.19 at the time of writing. The rally marks a 300% recovery from its bear market low of $200 in October 2023. With a market cap of $111.5 billion, BNB now rivals major traditional companies like Nike in valuation. Notably, the bullish momentum follows Nano Labs’ move to create a BNB treasury , the first of its kind by a publicly traded company. The firm purchased 45,685 BNB OTC at an average price of $764, and has announced plans to potentially accumul… The post First XRP, Then BNB. All Signs Now Point to PENGU for the Next Breakout appeared first on Coin Edition .

Source: Coin Edition