BNB Price Rises to $713 After Successful Pasteur Hard Fork Upgrade

The Binance Coin (BNB) price surged to around $713 following the activation of the Pasteur hard fork on August 25. The upgrades introduced by the hard fork improved cross-chain security, governance, and network capacity, leading to a significant increase in transaction speed.

According to Pluang, the transaction speed increased by 88% to 2,324 transactions per second. This improvement has been met with a positive market reaction, supported by rising derivatives activity and bullish technical signals.

The potential for BNB to reach $803 if momentum continues is being discussed among analysts. However, a broader crypto market downturn could push prices back toward support at $678.