The BNB coin has achieved a historic milestone in the cryptocurrency market, as its price approached 1350 US dollars for the first time since its launch in 2017, reaching 1,349.99 dollars, confirming its position as one of the prominent assets associated with the largest digital exchange globally.
The current momentum of the BNB coin is mainly attributed to the accelerated growth of the BNB Smart Chain, which recorded over 403 million transactions last month, an increase of 58% from the previous month, making it one of the busiest blockchain networks globally.
With the number of active addresses surpassing 37 million, network fees have risen to $21 million, reflecting the intensified and increasing usage of the currency.
The value of stablecoins on the network has also reached a record high of $14 billion, reinforcing BNB's adoption as a primary revenue source within the network's ecosystem.
Decentralized trading platforms built on the network have seen intense activity, with trades exceeding $90 billion in September alone, while daily trading volume reached $3.38 billion in a single day, solidifying BNB's position as one of the key drivers in the cryptocurrency market.
Technically, BNB has managed to convert previous resistance levels into strong support, including the 50 and 100-week exponential moving averages.
The Relative Strength Index at 64.68 indicates there is additional room for upward movement. The currency price is currently above $1,000, with expectations that it will reach levels of $1,480 in the coming weeks.
Analysts expect BNB to continue making gains if it maintains key support levels between $1,050 and $1,033, which could raise its value by up to 38% compared to current prices, approaching $1,480.
These indicators reflect that BNB is not just a passing digital currency, but a comprehensive project supporting a growing network and continues to attract investors strongly.
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