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BNB Reaches New All-Time High of $867

On August 14, BNB set a new price record at $866.96. The token’s market capitalization reached $120 billion, securing its position as the fifth-largest crypto asset.

Source: CoinGecko

At the time of writing, the price of Binance’s coin had adjusted to $831.71. 

Hourly chart of BNB/USDT on Binance. Source: TradingView

The BNB Chain team stated that the fundamental reason for the rally was the network’s performance following the June Maxwell hard fork

They provided the following figures: 

“Such scale means BNB is not just a token but a currency at the core of one of the fastest and most reliable public blockchains in the world,” the developers noted. 

BNB Chain representatives also highlighted the blockchain’s leading position in DeFi. Its TVL exceeds $7.3 billion, with 2.4 million daily active addresses.

Top 5 DeFi ecosystems. Source: DeFi Llama

Another driver is the growing institutional adoption. At the end of July, Nano Labs acquired 128,000 BNB, increasing reserves to $108 million. Windtree and Liminatus plan to spend $60 million and $500 million, respectively. 

BNB Forecast 

Members of the crypto community remain optimistic about BNB’s future prospects. An analyst known as Galaxy emphasized that the token broke through multi-year resistance. According to him, the same happened during the bull market in 2021 when the asset’s price first exceeded $600. 

An expert under the pseudonym Crypto Yoddha expects the token’s price to reach $1000 soon. 

A similar opinion was expressed by crypto trader Crypto King: 

“BNB is just 15% away from a four-digit price. The rate broke the all-time high at $865 and is confidently holding above the support level. If the momentum continues, the next target is $1000. It seems we should prepare for another strong surge.” 

An analyst known as Crypto Patel believes BNB could rise to $2000, as the asset “gains momentum and liquidity increases.” 

In May, analysts at Standard Chartered predicted BNB’s growth to $2775 by 2028. 

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