One of the main price catalysts for Binance Coin is that it could see strong demand from companies looking to establish their own BNB Treasury bonds, one of the main trends in the cryptocurrency industry this year.
BNC, a company listed on Nasdaq, has become one of the main accumulators of BNB. BNB purchased 200,000 coins, currently valued at over $171 million. Its purchases are likely to accelerate as it raises $1.75 billion this year.
WindTree Therapeutics plans to invest $700 million in purchasing BNB, while Liminatus will acquire tokens worth $500 million. All these purchases will generate increased demand for the coin.
The ongoing demand for treasury is one of the reasons why some major cryptocurrencies, such as Bitcoin and Ethereum, have surged to all-time highs. Currently, there are more than 100 Bitcoin treasury companies, while companies like SharpLink and BitMine are accumulating Ethereum.
At the same time, the Securities and Exchange Commission (SEC) is likely to approve VanEck's BNB ETF by the end of this year. Additionally, BNB is a layer 1 network with proof of work (PoW), like Ethereum, which already has ETFs.
A BNB ETF would likely have institutional demand due to its strong fundamentals. For example, BNB is highly deflationary, burning tokens worth over $4 billion a year. Its goal is to reduce the number of tokens in circulation to 100 million.
BSC is also a high liquidity token, with a daily volume of over $3.5 billion. Liquidity is important because it simplifies the buying and selling of tokens.
Third-party data shows that BSC is a key player in the decentralized finance (DeFi) and stablecoin industry. Its stablecoin supply has reached a record $11.5 billion, while its DEX protocols process transactions worth billions of dollars daily.
