How high can BNB price go? Market analyst predicts $2K cycle top
Main Idea
Market analysts predict BNB price could reach $1,000 by year's end and $2,000 by early 2026, driven by technical patterns, institutional demand, and network growth.
Key Points
1. BNB price has surged over 30% in July, hitting a record high of $861.20, with potential to more than double by early 2026 based on a chart fractal indicator.
2. Technical analysis suggests BNB could reach $1,800-2,000 by early 2026, replicating a fraction of its 2019-2020 rally where it soared over 920%.
3. BNB Chain's Maxwell upgrade and increased institutional demand, including $520 million in funding from Windtree Therapeutics and Nano Labs' $108 million BNB purchase, are fueling growth.
4. BNB Chain's active addresses rose by 37% in the past 30 days, contrasting with a 19% drop in user activity for other top chains.
5. BitBull cites rising network activity, Binance's dominance, and corporate treasury purchases as factors likely to push BNB above $1K by Q4 and $1.8K-$2K by the cycle top.
Description
BNB Chain’s Maxwell upgrade and over $600 million in institutional accumulation may fuel the next leg up for BNB price toward $1,000 and even higher.
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