Key Takeaways
- The BNB token continues to hit new all-time highs, trading around $1,324, as speculation hints at a potential price of $2,000.
- Binance coin outperforms large caps as it surpasses XRP in marketcap, reaching around $183.8 billion with more potential to the upside.
- The XRP price could resume its bullish price action if it breaks above $3.50, acting as key resistance against a potential rally.
BNB, the native token of Binance, has been one of the best performers in the market over the last few weeks, with its price gaining over 50% in the last month. This has surpassed the marketcap of XRP, reaching $1312 and a marketcap of $183.8 billion.
The current performance of Binance Coin has resulted from its thriving ecosystem over the last few months, as its former CEO, Chanpeng Zhao (CZ), has continuously urged his followers and builders not to relent in the current market cycle, assuring them that the market would reward their consistency.
This reassurance is beginning to emerge for many traders, investors, and builders as the price of BNB continues to hit new highs, while the price of XRP has struggled in its price range over the last few weeks, with little volume to the upside.
Crypto experts and traders predict that the price of Binance Coin will trade around $2,000 and above in the coming weeks, while a strong breakout for XRP could help boost its price to the upside of $5, based on speculation.
BNB Predictions of $2,000 Could Play Out
Source – BNB Hits New Highs from CoinMarketCap
The price of Binance coin has maintained a strong bullish rally to the upside, trading above $1,300 with no signs of weakness, as the price could rally towards a region high of $1,500.
However, if the price retraces, we could see the price of the crypto asset trade towards a key demand zone of $950, which would allow traders and investors who had earlier missed its rally to buy into the crypto asset.
This zone could give BNB a significant price boost towards potential new all-time highs, based on market expectations and predictions from crypto experts. According to CryptoKing, the price of Binance Coin is expected to trade towards $2,000 and above, outperforming the likes of XRP in the coming weeks.
Will XRP price eventually show strong bullish price action to the upside?
XRP Price Struggles
The price of XRP has struggled over the last few months, remaining below a key region of $ 3.50. To initiate a potential price rally to the upside, the price needs to break this zone with strong volume. If the price fails to break and hold above the $3.5 region, we could see the price trading in a range around $2.8 to $3, despite possessing huge upside potential.
Overall, BNB remains the most preferred altcoin in the market ahead of XRP due to its bullish price action.
FAQs
Is BNB expected to rise?
The price of Binance Coin currently trades at a new all-time high, aiming towards $2,000.
What is the all-time high of BNB?
Binance coin rallied to an all-time high of $1,325, as the price could build on its discovery towards $1,500.
How high can BNB go?
Price has the potential to trade above $2,000 by the end of 2025 if bullish action continues.
Will BNB reach $10,000?
The potential for Binance Coin to reach a target of $10,000 at the moment seems unlikely; however, we are not ruling out its possibility.
How much will 1 BNB be worth in 2025?
Binance Coin, given its current market action and potential, has the possibility of reaching $2,000 before the end of the year.
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