BNB Surges on $2B Investment: Analysts Debate If $1,000 Target Is Within Reach

Description

Binance Coin (BNB) has hit fresh record territory after Abu Dhabi-based MGX announced a historic $2 billion investment in Binance on August 12. The deal, entirely funded in stablecoins, marks the largest single investment ever made in a cryptocurrency company. Within 48 hours of the news, BNB surged more than 15%, breaking through key resistance levels and reaching a new all-time high of $864. The rally comes amid strong corporate demand for major altcoins, as Ethereum and BNB both approach reco...