BNB’s Ascent: What It Means for Payroll and the Crypto Scene
BNB’s on a roll, huh? Just shot up to the third spot in crypto market cap, and the whole crypto space is buzzing. But what’s behind this surge? And what does it mean for businesses looking into crypto payroll? Let’s unpack this.
Why BNB is Flying High
Institutional Interest and Supply Constraints
First off, BNB’s climb to a $183 billion market cap comes down to institutional interest and some good old-fashioned token burns. Less supply means more potential value, right? As big players start to see BNB as a viable option, demand has skyrocketed, pushing the price to a jaw-dropping $1,300. The BNB Chain’s ecosystem isn’t just sitting idly by either; it’s been churning out impressive trading volumes and fees.
