Key Takeaways
- The BNB token rallies to a new all-time high of $1,350, aiming for higher price zones of $1,500 to $2,000.
- Changpeng Zhao (CZ) denies Forbes’s estimate of his net worth among the richest people, insisting that the figures are way above his actual net worth.
- On-chain activities on the Binance network fuel strong bullish price action for the native token.
BNB, the native token of the Binance ecosystem, continues to hit new all-time highs around $1,350 as a result of increased activities from traders, whales, investors, and developers, which has sparked a great price rally for the crypto token as the market cap of the token hits a milestone of $183.8 billion, flipping XRP.
While the Binance coin makes headlines in the media due to its strong price action outperforming other memecoins and Bitcoin in the last few days, former Binance CEO, Changpeng Zhao, is also in the media following the recent Forbes list for the richest individuals.
Changpeng Zhao (CZ) Makes Forbes’ List
According to the list released by Forbes, CZ has a net worth of around $87.3 billion, positioning him at number 21, and is the fourth-highest on the list in the cryptocurrency space. While CZ has holdings in Binance, BNB, and other cryptocurrencies, he claimed these figures are not accurate and significantly exceed his net worth.
Based on the recent list released by Forbes, many crypto experts and traders believe this list was a key contributor to the recent price action of Binance Coin, as the price remains on track to reach new all-time highs.
Despite the crypto market suffering a slight decline over the last few hours, the price of BNB has remained strong, holding its price above $1,250. The price is now looking to build on its momentum to the upside, as it gains more bullish price action.
BNB Price Analysis
Source – Binance Coin Price Action from CoinMarketCap
Following a recent market crash for BTC from a high of $126,500 to $120,800, the price of Binance Coin has shown incredible strength and holds its key support, as the price remains one of the best in crypto price action currently.
A breakout to the upside of $1,400 could potentially see the price trade higher, as speculation is that it has what it takes to rally to new all-time highs of $1,500 to $2,000 in the coming days.
Conclusively, BNB price action remains bullish across all timeframes, allowing traders to look for more buy positions.
FAQs
How high can BNB go?
Price has the potential to trade above $2,000 by the end of 2025 if bullish action continues.
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 $2,000 before the end of the year.
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