Binance Coin (BNB) has seen a notable price rise in the past few weeks, jumping from about $500 in March 2025 to over $1,000 today.
On September 21, BNB price reached a new all-time high of $1,080.48 but has since decreased by 1.92% to $1,035.88 in the past 24 hours. Trading volume has also fallen to $4.23 billion, down 3.62% from the previous day.
Analysts suggest that profit-taking and overbought conditions are causing this drop. The 14-day Relative Strength Index (RSI) recently hit 80.36, a level that often indicates short-term fatigue. Historical data shows that BNB usually retraces 5–10% when RSI levels go above 75.
Meanwhile, the overall crypto market has declined by 1.62%, bringing its total value to $3.98 trillion. Bitcoin dominance has increased to 57.47% after its price fell below $115k. During these changes, altcoins like BNB tend to perform poorly.
However, this correction has not significantly affected long-term optimism. Technical traders consider $985.83 a key support level at the 38.2% Fibonacci retracement, and they believe momentum remains strong above this point.
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Why BNB Reached $1,000: CZ Weighs In
Binance co-founder Changpeng Zhao (CZ) recently offered his perspective on BNB’s surge past $1,000. In a candid post, he credited broader industry tailwinds rather than personal involvement. He cited several factors:
- Pro-Crypto Regulation: A friendlier U.S. administration has sparked global adoption, creating a rising tide effect.
- BNB Chain Upgrades: Block times improved from 3 seconds to 0.75 seconds, while fees dropped 10x, boosting competitiveness.
- Ecosystem Expansion: Stablecoin USD1 launched on BNB Chain, AI and real-world asset (RWA) projects gained traction, and meme coin activity rebounded.
- Legal Clarity: The U.S. SEC dropped its lawsuit against Binance in May, easing concerns about BNB’s regulatory future.
- Burn Mechanics: Over $1.6 billion in BNB was burned last quarter alone, reinforcing scarcity.
“Mostly importantly, I expect much more to come from this vibrant ecosystem,” CZ concluded.
BNB Price Outlook: Traders Say $2K Is Closer Than You Think
The most striking forecast has come from Web3 analyst ZYN, who told his 110,000 followers that $2,000 BNB is likely in 2025. His reasoning is that BNB Coin is one of the strongest large-caps this cycle, repeatedly printing new highs while maintaining structural strength on longer-term charts.
“…there’s nothing stopping that,” ZYN wrote, sharing a breakout chart showing the coin’s escape from multi-year consolidation.
Other traders echo the optimism. Crypto Patel reiterated his $2,000 short-term target while floating a possible $5,000 scenario, a less than 400% surge from current levels, if momentum accelerates.
This is likely to happen in the long run because a 400% increase is slight compared to what BNB has done since its ICO was launched for $0.1 in 2017. Data shows that the price of BNB has increased by about 895,966% since 2017.
Another interesting fact is that if BNB rises to $1,236, it will surpass Tether (USDT) in market cap rankings.
On-Chain Metrics Confirm Network Strength
Beyond trader sentiment, on-chain activity supports BNB’s growth trajectory. Data from Token Terminal shows BNB Chain leading in daily active users, averaging 4.4 million addresses over the last 30 days, nearly 30% of all blockchain activity. This places it ahead of competitors like NEAR (2.9M), Tron (2.4M), Solana (1.9M), and Ethereum (535k).
Fees and revenue also point to a resilient ecosystem. Over the last 30 days, BNB Chain generated $15 million in fees, ranking 4th among Layer-1 blockchains, behind Ethereum, Solana, and Tron. Annualized revenue stands at $200 million, bolstered by high transaction volumes and growing demand for DeFi, stablecoins, and real-world asset projects deployed on the network.
BNB Chain’s dApp ecosystem is thriving, with perpetual decentralized exchanges (perp DEXs) like APX Finance and KiloEx leading usage. APX alone recorded over 19,000 active users last week, up 771% compared to the previous period.
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