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- BNB surged to $1,088 with daily trading volume up 54%.
- Analysts set ambitious targets of $2,000 and $5,000.
- Network upgrades and USD1 stablecoin boost fundamentals.
BNB has climbed to a fresh all-time high of $1,088, adding 8% in a single day on September 21. Daily trading volumes jumped 54% to $4.76 billion, signaling renewed confidence in the token. The breakout over the $1,000 level has strengthened calls for an extended rally.
Analysts Set Bold Targets
Market analyst Crypto Patel believes BNB is only getting started. He points to price targets of $2,000 and even $5,000, noting that the pace of the current bull run is faster than in past cycles. Futures data appears to support this momentum, with open interest climbing 28% to $2.58 billion and daily futures turnover more than doubling.
Zhao: Three Catalysts Behind the Surge
Binance founder Changpeng Zhao (CZ) credits the rally to a mix of regulatory relief and network improvements. He highlighted:
- U.S. policy changes and SEC lawsuit dismissals, which have removed a major cloud over Binance and BNB.
- BNB Chain upgrades, including faster block times and sharply lower gas fees, making the network cheaper and more efficient.
- The launch of USD1, the first native stablecoin on BNB Chain, which has boosted liquidity since BUSD’s exit last year.
Also Read: Solana Breaks $250: Bullish Momentum Points to Potential Rally Beyond $294
Ecosystem Momentum Gathers Pace
Beyond price, activity on BNB Chain is accelerating. Projects ranging from AI applications to real-world asset issuers are choosing the network, contributing to record transaction volumes. Zhao reminded investors that BNB has grown from $0.10 to over $1,000 in eight years, calling it one of crypto’s most powerful wealth generators.
BNB’s latest rally reflects more than speculation. With stronger fundamentals, rising demand, and ecosystem expansion, the token’s path toward higher levels looks increasingly credible. Whether it hits $2,000 or not, BNB has clearly cemented itself as a leader of this bull market.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
