Binance Coin (BNB) has seen its second major rally in February, culminating in a new all-time high of $195 after the token price added over $80 in the last 24-hour trading period.
Thursday’s 42% rally now means BNB is up more than four-fold in February alone with year-to-date gains above 413%.
BNB/BTC Price Chart. Source: TradingView
The current price rally has taken BNB to the fourth spot on the crypto market capitalization rankings according to CoinMarketCap. However, data from Coingecko still puts BNB in sixth place below both Polkadot (DOT) and Cardano (ADA).
BNB’s current rally has also come amid another 24-hour trading record for the exchange token. According to Coingecko, BNB 24-hour volume is at $8.3 billion as of the time of writing which is significantly higher than the $7.52 billion set during the previous all-time high rally on Feb. 10.
Having crossed the $150 resistance point, commentary on social media puts the $200 psychological level as the