BNB today (28th) briefly surged to $855, setting a new historical record, with driving forces from ecosystem expansion, institutional buying, and burning mechanisms. (Previous context: When BNB Enters Mainstream Digital Assets: Opportunities Brought by the Era from Nasdaq to Sovereign Reserves?) (Background supplement: BNB Breaks Through $800 to Hit a New Historical High, Entering a New Price Discovery Phase After Seven Months) Binance ecosystem token BNB briefly surged to $855 today (28th), setting a new historical record, then fell back to $845.25, with a 24-hour increase of 3.68%. This offensive not only highlights Binance ecosystem's influence in the public chain battle but also attracts mainstream capital attention again.
Multiple Driving Forces Boost Price
First, robust on-chain activity. According to Binance data, BNB Chain's daily average transaction volume is about 72 million, 3.2 times that of Ethereum. DeFi and Non-Fungible Token demand drives massive gas payments, naturally elevating token usage.
Second, institutional buying. Nasdaq-listed Nano Labs publicly announced massive BNB purchases and plans to establish hundreds of millions of dollars in reserves, forming clear buying momentum that appears to be spreading to other enterprises.
Third, increased scarcity. Binance burned 800 million BNB in the first quarter this year, worth over $5 billion, continuously shrinking total supply and tightening supply-demand structure.
Finally, sentiment and technical aspects resonating. Technical indicators show RSI near 75, though short-term overbought, the market generally views $750 as a new support level. Bitcoin and other mainstream cryptocurrencies' rebound further lifts overall market sentiment.
Future Target Price?
Looking ahead, Cryptopolitan predicts BNB's average price could reach $982 this year, with a strong scenario up to $1,178.92. Long-term predictions even suggest breaking $1,000 and challenging $2,710 by 2050. However, the crypto market remains highly volatile, with regulatory policies and macro liquidity changes potentially amplifying price pullbacks.
Investors should focus on the $650 support and $750 resistance zones, continuously tracking Binance ecosystem growth, burning progress, and institutional buying strength. Integrating existing information, BNB's new high is driven by multiple structural forces, laying a foundation for long-term value, but short-term volatility risks cannot be ignored.
