Key Takeaways
- The BNB token continues to rally toward new all-time highs, trading around $1,234 as speculation hints at $2,000.
- Binance coin continues to outperform BTC despite both cryptocurrencies reaching an all-time high.
- The price could see a strong market gain above $1,500, as whales and institutions continue to accumulate tokens.
Binance Coin (BNB) surges to a new all-time high of $1,234, as the Binance native token has continuously rallied to new highs, while many traders and investors were fixated on Bitcoin and Ethereum, trading around $124,800 and $4,650, respectively.
While the price of BTC has rallied towards a new all-time high of $126k for the first time in history, with the price expected to rally towards $130,000, Binance Coin has demonstrated impressive price action from previous weeks. It is building on its bullish momentum to the upside.
Predictions for the BNB price suggest a high potential for the price to rally towards $1,500 to $2,000 if the price action of Binance Coin is maintained.
The Binance native token is one of the most talked about crypto assets following an impressive rally. As a crypto expert, CryptoKing, based on his analysis of its price, has hinted that Binance Coin has shown a progressive price gain from July to this moment, and its structure is not random, as the price aims for higher targets of $1,500 to $2,000.
BNB Price See Strong Market Traction
Source – BNB Network Activities Rallies from CoinMarketCap
On-chain activities for the Binance network have seen significant progress from a region of 5 million to 18 million in transaction activities, which has positively impacted its price, as the price of Binance coin has seen its price gain from a region of $750 to a high of $1,234, and the price aims to trade higher. Additionally, there have been rumors that Binance is accumulating more BNB tokens following a recent market gain, which could lead to a price rally to the upside.
Overall market price action for the crypto token remains bullish, with key regions of demand found around $1,100, $1,000, and $950. Traders and investors will keep a close eye on this region if the price presents an opportunity to build a long position to the upside.
FAQs
Is BNB expected to rise?
The price of Binance Coin currently trades at a new all-time high, aiming towards $2,000.
Why is BNB on the rise?
Due to institutional adoption, reduction in gas fees, and an increase in network activities, the price of Binance Coin continues to rally.
Will BNB reach $10,000?
The potential for Binance Coin to reach a target of $10,000 at the moment seems unlikely; however, we are not ruling out its possibility.
How much will 1 BNB be worth in 2025?
Binance Coin, given its current market action and potential, has the possibility of reaching $1,500 before the end of the year.
What is the price prediction for BNB in 2030?
Price has the potential to trade above $3,000 in the next few years.
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