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On this day of December 3 and at 20:58 UTC, BNB price surpassed all-time high of $710 marked June 6, 2024. At the time of writing, the price of BNB is trading at $755 and has set a new all-time high at $769.3.
Now, its market capitalization has surpassed the barrier of 100 billion dollars until it is trading around 110 billion and leads its investors to dream of levels like 1000 USD.
«BNB ATH. That’s it, that’s the tweet. “This is the candle I was talking about.”
What is pushing BNB price up?
The BNB Chain token rally shows significant gains of 16.6% in one day, pushed by BTC stabilizing at the $95,000 level. Meanwhile, BTC stabilizes, offering other altcoins the possibility of showing rallies.
Furthermore, it is a rise that is in line with others within the Altcoin market, such as VeChain. It also demonstrates a growing interest on the part of large investors, who would be accumulating BNB.
Some rumors in X suggest that Coinbase will finally integrate the Binance Smart Chain into its platform. Although there is no official information about it.
It should be noted that Coinbase does not currently have the Binance Smart Chain (BSC) integrated into its main platform. Therefore, its integration would be highly positive for BNB. Although Coinbase Wallet, which is a separate extension, does allow connection to the BSC.
It is also worth noting a trend in BNB that has been consolidating for more than 250 days and which has resulted in the current breakout today.
In this way, the BSC Cryptocurrency joins the club of a select group of altcoins that have reached record levels in recent days.
Sandwich attacks flood the BSC
To complement this news, it should be noted that this network was recently the victim of a large number of so-called “sandwich” attacks:
On December 1, sandwich attacks were recorded on the BSC, reaching 35.5% of the blocks.
Precisely the volume of transactions affected was more than 1.5 billion dollars in 43,400 transactions in a single day.
These types of attacks are especially worrying because they affect decentralized exchanges, where users carry out transactions directly without intermediaries. So attackers take advantage of these dApps to steal funds.
In May, it was reported that a single bot stole $40 million from more than 100,000 victims using the same type of attack in three months.
By the way, sandwich attacks are a very clever form of exploitation on decentralized exchanges and it works as follows:
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