The BNB token price has been one of the best performers this week rising more than 24% amid increased trading activity on the Binance crypto exchange platform.
The BNB/USDT price spiked from about $600 on February 8 to trade at about $728 five days later with a huge percentage of those gains coming in the past 24 hours.
The BNB token on Thursday flipped Solana $SOL to become the 5th largest cryptocurrency.
Source: CoinMarketCap. The price of BNB.
Other factors driving the BNB Chain’s native token price are the rumors that Binance plans to sell its BTC and ETH holdings to buy more BNB.
The anticipated launch of an Initial DEX Offering Project on the BSC network.
The latter illustrates the impact of BNB Chain’s growing ecosystem, with the exchange now also supporting selected initial coin listings through the Binance launchpad.
So what other tokens could be poised to ride the BNB rally?
PancakeSwap
This is the biggest project on the BNB chain based on the total value locked.
The decentralised exchange project boasts a TVL of more than $1.55 billion, according to DeFiLlama data.
PancakeSwap has also been among the best-performing tokens on the network, rising more than 100% over the past seven days.
Image source: CoinMarketCap
The surge in price also coincides with the DEX platform’s recent expansion of its advanced trading tools to the Linea, Base, and Arbitrum networks.
The PancakeSwap platform has now surpassed UniSwap in DEX trading activity, claiming the highest 7-day and 24-hour trading volumes.
OORT
OORT is a decentralised cloud storage and AI service provider that counts BNB Chain as one of its primary customers.
Last year, the company joined BNB Greenfield, which is BNB Chain’s primary decentralised storage facility.
Unlike CAKE, OORT has yet to start riding the big BNB rally of the past week.
The token spiked 3% on Thursday, which is relatively low compared to the BNB token (up 10% in the past 24 hours).
Source: CoinMarketCap
Over the 7 days, it is up 1% compared to the BNB token’s 24% gain, thus leaving a lot of room to catch up.
Some of the tailwinds that traders may look toward include BNB Chain’s newly unveiled AI-driven roadmap for 2025.
The company plans to integrate AI for smart contract automation, scaling up to 100M TPS.
This is part of its strategy to address MEV (maximum extractable value) exploits with maximum security.
This ties in well with OORT’s primary business vertical of being a decentralized AI cloud platform, offering holistic solutions.
And with BNB Chain as one of its partners, perhaps OORT may be due to a major rebound.
SingularityNET
Like OORT, SingularityNET announced its partnership with BNB Chain last year.
The two companies are collaborating to develop decentralized storage solutions and improve the decentralized data economy.
The companies said they “will explore the integration of SingularityNET’s Knowledge Layer with BNB Greenfield to create a cutting-edge platform that enhances data reliability, safety, and performance.”
This partnership aligns well with BNB Chain’s recent announcement of an AI-driven roadmap.
SingularityNET’s native token AGIX spiked slightly on Wednesday following BNB Chain’s roadmap reveal before pulling back later on Thursday.
Source: CoinMarketCap
However, looking at the long-term picture, it could be one of those that thrive in the rejuvenated BNB Chain.
In summary, BNB’s recent rally is bound to drag some of the tokens closely related to the network, whether through partnerships like OORT and SingularityNET or by simply being built on the layer-1 blockchain, in this case, PancakeSwap.
While some of them are native tokens of the projects like $CAKE has already registered significant gains, others like OORT and $AIGX are yet to mirror BNB’s recent success.
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