$BNB

1. BNB Chain upscaling: Target to support up to 20,000 TPS, including 5,000 DEX swaps/sec by 2025 .

2. Institutional accumulation: Macro players like Nano Labs buying adds structural support .

3. Regulation & Binance health: Still-unfolding legal/regulatory risks around Binance could weigh in—though token burns and ecosystem expansion remain positives .

4. Solana competition: Solana has overtaken BNB in market cap — may trigger a competitive response or shift capital flows .