The Binance-associated token BNB has ascended to the third position among the largest cryptocurrencies by market capitalisation. The asset’s market value has reached $179.2 billion, according to CoinGecko.
In the past 24 hours, the coin’s price has surged nearly 6%. On October 7, the price of BNB exceeded $1300 for the first time, and at the time of writing, it stands at $1314.
Market participants anticipate continued upward momentum for the cryptocurrency. A trader known as Crypto King has forecasted BNB’s rise to $2000.
$BNB is repeating its perfect rhythm.
First breakout gave 27%
Second breakout gave 29%
Now the third one is in play with a clear target near $1500, around 51% higher.The trend speaks for itself. Don’t overthink it. pic.twitter.com/66QTb8y6LI
— Crypto King (@CryptoKing4Ever) October 7, 2025
Another crypto enthusiast, BitBull, agrees, predicting the asset’s rally above $2000 within the current cycle.
“Changpeng Zhao (CZ) is fully back in action, and the BNB Chain ecosystem is showing dynamic growth,” he emphasised.
Growth Factors
The network is indeed showing record figures. The number of monthly active users on the blockchain has reached 58 million, surpassing NEAR and Solana.
A surge in activity has also been observed on the meme coin generation platform Four.Meme. According to some users, tokens launched on the BNB Chain currently dominate the trends on the DEX Screener platform.
Total domination of BNB coins on Dexscreener’s top 10 pic.twitter.com/0KkCCEkzAp
— 0xMarioNawfal (@RoundtableSpace) October 7, 2025
The rally may also be partly driven by the excitement surrounding the decentralised exchange Aster. Since the launch of its native token, the platform’s TVL has grown from $378 million to the current $2.4 billion.
Previously, developers also reduced fees on the BNB Chain network, setting the minimum gas price at 0.05 Gwei for all transaction types. As a result, transaction costs have decreased to $0.01–0.02, which may have further stimulated user activity.
Overall market sentiment remains positive. Bitcoin has reached a new ATH above $126,000, while Ethereum has tested the $4700 mark.
Earlier, with the rise in BNB’s price, CZ’s wealth reached $89 billion. He climbed 21 spots in Forbes’ billionaire rankings.
According to available data, Zhao owns 64% of the total supply of the Binance-associated cryptocurrency (89.1 million tokens).