Cryptocurrency experts predict BNB’s growth by 30%

BNB BTC $111,504.00 Mezo Wrapped BTC -0.39% Market capitalization $58.84 million VOL. 24 hours $1.28 billion is once again holding the key level of $ 1,000, which may open the way to new highs. After surging 54% since July, Binance 's token reached a historic peak of $ 1,083 in September, but at the end of the month, the cryptocurrency market experienced a correction, and the price of BNB fell by more than 10%, testing support at $ 930. Breaking out of this range and returning to $ 1,000 signaled to analysts that the uptrend might resume.

An additional driver was Kazakhstan’s announcement of the creation of its first national crypto reserve, the Alem Crypto Fund, with Binance Kazakhstan as a partner. BNB became the fund’s first investment, which, according to the head of the exchange’s regional division, Nurkhat Kushimov, reflects confidence in the Binance ecosystem.

At the same time, the BNB Chain ecosystem is also showing strong results. Some of the projects developing on its basis have been included in the list of the most profitable IDOs with returns of up to 2000x, and BSC tokens are in the top 5 in terms of trading volume. This creates a favorable basis for further growth of the BNB price.

Market analysts predict that holding $ 1,000 as support on the higher timeframes could be the basis for a continued price breakout with a potential rally of 20−30% in the coming months. In case of a deviation from this level, there is a risk of retesting the $ 900−930 zone.

At the time of publication, BNB was trading at $ 1,002, down 1.3% from the previous day. Despite the slight correction, analysts believe that BNB remains one of the strongest assets among the top altcoins and can continue to grow to $ 1,200−1,300.