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Will BNB Price Go Up? Memecoin Speculation Fuels Increased Trading Activity
Binance Coin (BNB) has surged 13% in the past 24 hours, reaching $721 today (Thursday). This strong rally has outpaced the broader crypto market, driven by increasing demand for BNB in memecoin trading and Binance Chain’s latest developments. With Binance co-founder Changpeng Zhao (CZ) teasing potential meme coin launches, investors noted BNB’s growing role in this emerging sector.The latest surge in BNB’s price closely followed unexpected speculation triggered by CZ’s casual remarks on social media. On Wednesday, CZ responded to a discussion on X (Twitter) about his Belgian Malinois dog, leading to a wave of interest in a possible dog-themed memecoin.Honest newbie question. How does this work? I share my dog's name and picture, and then people create memcoins? How do you know which one is "official"? or does that even matter?(I see many people asking for a name and a picture.
Binance Coin (BNB) has surged 13% in the past 24 hours, reaching $721 today (Thursday). This strong rally has outpaced the broader crypto market, driven by increasing demand for BNB in memecoin trading and Binance Chain’s latest developments.
With Binance co-founder Changpeng Zhao (CZ) teasing potential meme coin launches, investors noted BNB’s growing role in this emerging sector.
The latest surge in BNB’s price closely followed unexpected speculation triggered by CZ’s casual remarks on social media. On Wednesday, CZ responded to a discussion on X (Twitter) about his Belgian Malinois dog, leading to a wave of interest in a possible dog-themed memecoin.
Honest newbie question. How does this work? I share my dog's name and picture, and then people create memcoins? How do you know which one is "official"? or does that even matter?(I see many people asking for a name and a picture.
