BNB mindshare spikes 251% in a week, as markets eye low-cost chains

Rachael Lucas, an analyst at BTC Markets, noted that BNB's recent surge highlights growing investor confidence in its long-term prospects.

BNB “mindshare” has surged over 250% in just a week, according to Messari, with one analyst pointing to a market shift toward high-throughput, low-cost chains. 

The native token of BNB Chain crossed over $1,330 for the first time on Wednesday, after registering a gain of over 27% in the last week, according to data aggregator CoinGecko, nearly a week after clocking its previous high of $1,111.

Crypto market intelligence firm Messari said in an X post on Wednesday, BNB’s’ mindshare, which measures public attention, discussion, and awareness, has seen a 251% spike to 5.09% in the last seven days, while its price gains have come alongside “very bullish sentiment.” 

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