Over the weekend, $BNB surged to a new all-time high (ATH) exceeding $830, and today it has reached above $850 for the first time. This rally follows a correction after a previous spike above $800. Investor confidence is strong, supported by positive on-chain metrics and the expanding Binance ecosystem. BNB achieved two consecutive ATHs, with the latest peak at $857.45, according to TradingView. It ranks among the top trending coins on CoinMarketCap (CMC), with trading volume soaring to $3.58 billion, an 88.06% increase. BNB's market cap has also risen to $119.18 billion, surpassing Nike's $112.64 billion. The ecosystem has seen significant growth, with over 440 million transactions recorded in July and 10.86 million in the last 24 hours. BNB's Open Interest (OI) has climbed to $1.2 billion, indicating increased trading activity. Analyst BitBull predicts BNB could reach $1,000 by Q4, potentially hitting $1,800-$2,000 by the cycle's end, depending on market sentiment.
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