$BNB As of May 6, 2025, Binance Coin (BNB) is trading at $595.29, reflecting a 0.34% increase over the past 24 hours. The intraday high reached $599.69, while the low dipped to $592.98.

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๐Ÿ”ฅ Market Developments

VanEck Files for U.S. Spot BNB ETF: VanEck has submitted an application to the U.S. Securities and Exchange Commission for the first-ever spot BNB exchange-traded fund (ETF). This move is expected to enhance BNB's legitimacy and attract institutional investors.

BNB Chain's Ecosystem Growth: The BNB Chain continues to show robust performance, with over 905,640 active addresses and a total value locked exceeding $5.5 billion. Its decentralized exchange (DEX) protocols have handled over $1.16 trillion in volume, making it the second-largest player after Ethereum.

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๐Ÿ“ˆ Price Predictions

Short-Term Outlook: Analysts anticipate BNB may test the $635 resistance level in the near term, with potential for further gains if it maintains bullish momentum.

Long-Term Forecast: Price predictions for 2025 vary, with estimates ranging from $1,003 to $1,412, driven by factors such as the expansion of the Binance ecosystem and increased adoption of the BNB Chain.

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