On July 28th, BNB’s market cap hit an all-time high of $861, driven by rising global recognition and growing institutional adoption. Its long-term value is reinforced by a deflationary token model and increasing ecosystem utility. While the MACD shows bullish momentum, other indicators such as declining RSI, EMA crossovers, heightened volatility, and whale profit-taking hint at a possible short-term correction. Despite this, BNB continues to present strong opportunities due to Binance’s ongoing efforts to expand its use cases and utility within its ecosystem. The token’s deflationary mechanism remains a key factor in supporting future growth and investor interest.
