🚀 AVAX, OP, WLD Surge While BNB Shatters Records With New ATH!

Crypto markets are buzzing as altcoins Avalanche (AVAX), Optimism (OP), and Worldcoin (WLD) post significant gains—just as Binance Coin (BNB) smashes through its previous all-time high. Here's the breakdown.

Altcoins on the Move

AVAX, OP, and WLD are riding the bullish wave, capitalizing on renewed investor interest in layer-2 solutions and decentralized identity projects. No fluke—these assets are proving their utility beyond speculative hype.

BNB Flexes Its Dominance

Meanwhile, BNB isn’t just climbing—it’s rewriting history. The exchange token’s latest ATH cements its status as a heavyweight, leaving skeptics scrambling to justify their 'just another exchange token' narrative.

The Bigger Picture

While traders cheer, cynics whisper: 'Same pumps, different cycle.' But with institutional inflows creeping in, this rally might have more legs than your average crypto casino spin.

BNB's price surge

Earlier this year, Standard Chartered predicted that BNB, the native coin of the Binance Smart Chain ecosystem, WOULD hit a $2,775 valuation by the end of 2028. Since its prediction, BNB has climbed 43% from $600 to its new all-time high of $858.

BNB's price surge comes as Nasdaq-listed Windtree Therapeutics announced Friday that it will purchase up to $700 million of BNB. The company is jumping on the public crypto treasury trend that is sweeping the U.S., led by Michael Saylor’s Strategy.

Former CEO of Binance Changpeng “CZ” Zhao’s family office also announced that it would support the formation of a BNB Treasury Company earlier this month. Exactly how the family office YZi Labs will be “supporting” this company is still unclear.

Altcoins are broadly rising as traders anticipate a potential "altcoin season" following Bitcoin’s recent market dominance.

Ethereum has soared 60% over the past month to $3,885 and is now sitting just 20% from its all-time high of $4,878 set in 2021, according to CoinGecko. Predictors on Myriad Markets put a 68.5% chance on ETH setting a new all-time high by the end of the year.

As a result, users also believe that Bitcoin dominance is more likely to drop than not. Bitcoin dominance is the ratio of BTC’s market cap to the total market cap of cryptocurrencies; falling dominance is often a sign that altcoins are performing better. In June, Bitcoin dominance hit the highest it had been since early 2021 at 66% but has since fallen 8.5% to 60.43%, per TradingView.

(Disclosure: Myriad is a prediction market and engagement platform developed by DASTAN, parent company of an editorially independent Decrypt.)

The drop in dominance comes as most major altcoins like Solana, Hyperliquid, and Toncoin are seeing outsized gains when compared to Bitcoin, which is trading flat, up just 0.6% in the past day and 0.2% on the week.

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