BNB reached an all-time high (ATH) in 2021, exceeding the price of **$690**. However, at that time, it was far more than a number. It represented a significant milestone in BNB's journey from simple utility token that provided trading discounts on Binance. There was no questioning that the price appreciation of BNB was fueled in part by the extraordinary rise of BNB Chain, the DeFi boom and the growing adoption of BNB in Web3 projects. Achieving ATH wasn’t just based on speculation - it was occurring in the face of real utility, shown community buy in, and the basis of ongoing development. Like with most crypto, markets can rise and fall and BNB has seen its share of price spikes and pullbacks since the ATH. As with many coins, if you understand the true potential of a project, barrier and support in the community behind it, it’s reflected in the price action of the project. Therefore, it’s beneficial to understand what drove BNB's past success and consider that philosophy for the future if you are HODL and/or actively involved in trade or build in BNB Chain. Which is why ultimately markets can be hard to read or predict and past performance will not guarantee future pricing.
DYOR - Do Your Own Research
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