Binance Coin (BNB) is the most popular coin currently in the crypto space. Binance has a network, namely the Binance Smart Chain (BSC), which is the most widely used by companies for their projects because of the relatively low cost. In addition, Binance also has an Exchange with a large number of transactions every day. October 2021, seems to be a very good month for Binance because of the pretty good price movement. Now that BNB is at $526, will BNB reach $1K?
I am expecting BNB will be e testing $1k levels along with the current bull run of bitcoins. We need to consider that binance is always conducting burning process for BNB periodically which must be a very big promotion for it to induce FOMO among investors. When they are creating demand for BNB, we can expect it will be e testing new height for sure.
At the same time I am not talking about the BTC value of BNB. Because it will be too difficult for speculating about BTC value because it is truly depending on how many investors are participating but USD value is depending on the value of bitcoins.
Therefore, the opportunity for BNB to reach the price of $1k is still there because many investors have confidence in BNB so it can be seen how the demand for BNB coins is in the current market. Of course, investors have confidence in BNB because Binance has the same high BSC and Exchange.