According to CryptoCompare, at 10:20 UTC + 01:00 on Sunday (May 19), the price of Binance Coin (BNB) set a new all-time high (ATH) at $29.80, and at press time, it is still trading at $29.36, up 8.66% in the past 24-hour period.
Below is the 24-hour price chart for BNB:
The performance of BNB over the past three-month period is truely impressive: the price has gone up from $10.47 to $29.36 for a gain in value of over 180%.
This new all-time high comes just three days after the BNB price reached an ATH of $27.39 and four days after Binance confirmed that it had completed its major security upgrade and relaunched its trading platform (following the security break it suffered on May 7).
The main reason for today’s strong performance is the upcoming public sale of the Harmony (ONE) token, which was announced on May 16 (one of the main reasons for the previous ATH that was set on that day), and which is set to start at 06:00 UTC on May 27. More specifically, since one of the rule changes for this sale is that Binance is now calculating for each user account the average BNB holding over the holding period (which is calculated by taking the average of the BNB balance at 23:59:59 UTC on each day in the 7-day holding period) and the holding period, as can seen by this reminder from Binance, starts at 23:59:59 UTC on May 19, it is important for all those Binance users who are interested in participating in this token sale to make sure that they have a sufficient number of BNB tokens (minimum is 50) before this deadline:
— Binance (@binance) May 19, 2019