"The bull market flag bearer is in place! The fire of BNB is burning the ecology and raising the future!"
Today, Binance's "favorite child" BNB directly exploded—the $820 barrier was kicked down, rising 1.62% in 24 hours. This trend looks just like the signal flare before the start of the 2021 bull market! As an analyst who has been in the crypto circle for five years, QingYao dares to say: This breakthrough for BNB is definitely not short-term speculation, but a threefold resonance of ecology, capital, and expectations.
Why is BNB called the "Bull Market Engine"? Three real cases tell you.
First, ecological explosion is not just a pie in the sky. Last week, QingYao just ambushed a new Binance Launchpool project, and the annualized return for staking BNB skyrocketed to 30%—why? Because on-chain projects are clustering to launch, with three leading projects in the AI + Web3 track alone. In the past week, BNB chain's Gas fees increased by 40%, and the number of active user addresses broke 2 million, a figure even more vigorous than the peak of the 2021 bull market!
Second, the burning mechanism is an "invisible printing press". Binance burns the circulating BNB in the market every quarter, destroying 1.8 million coins worth $230 million last Q4. And this time? Internal news reveals that the destruction volume this quarter may exceed 3 million coins, equivalent to directly pulling $380 million out of the market! Remember: deflation + surge in demand = price explosion; this is a math problem, not mysticism.
Third, the whales are "obviously bottom-fishing". On-chain data shows that in the past week, three addresses each bought 200,000 BNB, totaling over 500,000 BNB. These addresses accurately bottomed out ETH last year, and now they have their eyes on BNB, targeting a price of $1000. Following smart money is always more reliable than guessing the direction yourself.
Where will BNB "fly" to?
Looking at the technical aspect, the weekly chart has formed a classic W bottom pattern, and the MACD indicator has just produced a golden cross, with upward momentum still building. On the news front, a certain Asian country is about to issue compliance licenses, and as the world's largest exchange, Binance will undoubtedly make BNB a core beneficiary asset. My conservative prediction: BNB will reach at least $1000 by the end of the year, with an optimistic view of $1200—this position is the historical high from 2021, and once it breaks through, it will be a vast ocean of stars.
But don’t rush to "All in"; keep a close eye on these two risks.
Short-term pullback: $820 is the key support level. If it falls below $790, it may trigger stop-loss orders, so it is advisable to accumulate in batches.
Regulatory black swan: Although the Asian license is a positive, the US SEC may do something sneaky, so pay attention to the policy meeting on August 20.
Finally, QingYao will say a harsh truth: If you don't position now, you'll break your legs next year.
I have seen too many people miss out on Bitcoin and Ethereum. Now, the script for BNB is exactly the same as theirs in 2020—ecological explosion + deflationary mechanism + institutional entry. Want to ambush the next wave of hundredfold coins? Follow @CryptoQingYao, tonight at 8 PM the VIP group will synchronize three high-potential Launchpool projects, one of which is a key AI chain reform leader supported internally by Binance.
How much do you think BNB can reach by the end of the year? Write your target price in the comments.