BNB has achieved a historic milestone in the crypto market, surpassing $1,108 for the first time since its launch, confirming its position as one of the most prominent assets linked to the world’s largest digital exchange.
BNB’s current momentum is primarily due to the rapid growth of the BNB Smart Chain network, which last month recorded more than 403 million transactions, a 58% increase over the previous month, making it one of the busiest blockchain networks globally.
With the number of active addresses exceeding 37 million, network fees have risen to $21 million, reflecting the currency’s extensive and growing use.
The value of stablecoins on the network also reached a record high of $14 billion, further strengthening BNB’s position as a primary source of revenue within the network’s ecosystem.
Decentralized exchanges built on the network saw intense activity, with trades exceeding $90 billion in September alone, while daily trading volume reached $3.38 billion in a single day, cementing BNB’s position as a key driver of the crypto market.
Technically, BNB has managed to convert previous resistance levels into strong support, including the 50- and 100-week exponential moving averages.
The Relative Strength Index (RSI) at 64.68 indicates further room to climb. Binance Coin is currently trading above $1,000, with expectations for a range between $1,130 and $1,480 in the coming weeks.
Analysts expect BNB to continue making gains if it maintains key support levels between $1,050 and $1,033, which could boost its value by up to 38% compared to current prices, approaching $1,480.
These indicators reflect that BNB is not just a passing cryptocurrency, but rather a comprehensive project that supports a growing network and continues to strongly attract investors.
