BNB has broken back above 700 USD thanks to several key factors such as Token burns, network upgrades, and whale buying.
BNB is not only driven by continuous Token burns reducing supply, but also by the strong daily growth of active users and its potential to become a reserve asset for large enterprises.
MAIN CONTENT
The 32nd Token burn eliminated 1.59 million BNB, helping to reduce supply and increase value.
The Maxwell network upgrade increases processing speed and attracts a high number of active on-chain users.
The trend of businesses using BNB as a reserve fund elevates the Token's status.
What has caused BNB to rise sharply recently?
The rise of BNB above 700 USD is supported by many integrated factors, the most notable of which is Binance's 32nd Token burn, which reduced supply by more than 1.59 million BNB equivalent to over 1 billion USD. This stable supply reduction plan helps increase scarcity and Token value over time.
A total of over 265,000 BNB has been removed from circulation, stimulating demand from large investors to continue buying, helping the price of BNB maintain a strong level around 670-700 USD.
Reducing supply through Token burning is a key strategy to help sustain the growth of BNB's value, while also stimulating long-term investment confidence.
Changpeng Zhao, CEO of Binance, 2024
How has the Maxwell network upgrade affected BNB?
The Maxwell network upgrade has significantly improved the performance of the Binance Smart Chain with block creation time reduced to 0.75 seconds, accelerating transaction processing. This feature attracts many developers and increases trading activity on DApps like PancakeSwap.
Notably, the number of daily active addresses on the BNB Chain has doubled since March 2024, reaching 2.5 million, along with the number of transactions tripling, demonstrating that the network is truly growing in terms of usage rather than just hype.
Why is BNB being seen as a reserve fund choice for large businesses?
The trend of using BNB as a corporate reserve fund is clearly on the rise. According to information from former CEO of Binance Changpeng Zhao, more than 30 teams are developing solutions based on BNB, including the investment fund 10X Capital, which is preparing to launch a BNB reserve fund worth 500 million USD listed on US exchanges.
This shows that BNB is increasingly seen as a serious reserve asset, beyond the role of a conventional trading Token.
Using BNB as a corporate reserve asset is a major step towards increasing stability and practical application for the Token in the global digital economy.
Changpeng Zhao, Former CEO of Binance, 2024
How high can the price of BNB go in 2025?
Recent price analyses show that if BNB maintains support around 677 USD, it is likely to continue challenging the levels of 707 USD and 730 USD. Some bold forecasts even expect BNB to reach its ATH near 793 USD or even rise to 1,200 USD by the end of the year.
Currently, BNB is trading around 688 USD, up 2.6% in the past 24 hours, with market capitalization continuing to expand positively.
Frequently Asked Questions
How does the Token burn affect the price of BNB? Token burning reduces supply, creating scarcity that helps the price of BNB grow over time with high reliability from Binance's transparent plan. What does the Maxwell network improve for Binance Smart Chain? The Maxwell network reduces block creation time to 0.75 seconds, increasing efficiency and attracting real application development as well as on-chain users. Why do companies choose BNB as a reserve fund? BNB is highly valued for its liquidity, reliability, and growth potential, making it suitable as a stable reserve asset for businesses. How high can BNB price reach in 2025? If the positive trend continues, BNB may challenge the level of 730 USD and even surpass its ATH at 793 USD or higher. How do large buyers affect the price of BNB? Whales buying in bulk create strong demand, keeping the price of BNB stable at high levels and stimulating sustainable price increases.
Source: https://tintucbitcoin.com/gia-tien-dien-tu-tang-do-dau/
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