The Binance Coin price has stuck to the $764 level today, with its consolidation coming as other major tokens – including BTC and SOL – suffer drops in the past 24 hours.
BNB remains up by 3% in a week and by 18% in the past month, with the exchange token also sitting on a 36% increase in the past year.
The alt is also fresh from setting a new record high of $808 earlier this week, and onchain analysis indicates that this is largely the result of rising adoption for Binance and its native token.
So with the market set for further gains in the coming weeks and months, the long-term Binance Coin prediction remains incredibly bullish.
Binance Coin Price Prediction: On-Chain Activity Triples as Price Dips – Is BNB the Next Solana?
Posting on X, trader Axel Bitblaze observed that BNB has seen a significant spike in activity in recent weeks, including an impressive tripling of daily transactions, to 20 million.
This is in addition to a doubling of monthly active addresses and a 400% increase in DEX volume, as well as recent updates that have made BNB Chain faster and more efficient.
Damn $BNB silently went into price discovery mode and nobody is talking about it yet. let me walk you through on whats really going on:
On the @binance exchange side, $BNB gives you trading fee discounts, staking yield, free airdrops via Launchpool all the stuff that keeps… pic.twitter.com/g3YunCzibt
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