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Crypto Bull Run Accelerates as Ethereum and Binance Coin (BNB) Retest All-Time Highs
The cryptocurrency market is witnessing a drastic change in sentiment, with Ethereum and Binance Coin (BNB) both retesting their all-time highs. This sudden surge in prices comes after a prolonged period of bearishness that had seen the majority of cryptocurrencies plummet to new lows.
The Binance ecosystem has been thriving, particularly with its DeFi projects and memecoin projects gaining popularity among investors. This increased demand for BNB has led to a sharp increase in its price, which has now surpassed its previous all-time high. The platform’s BSC Chain has seen an impressive 1 million active addresses within the past 24 hours, further solidifying its position as one of the most popular blockchain networks.
The market is now witnessing a mass retest of its old highs, indicating that a macro bull run may be underway. While some experts have expressed concerns over the sustainability of this trend, many others believe it will continue to accelerate in the coming days.
Source: coinpedia.org
