The post BNB to $2,000: Is the BNB Price Rally Different This Time? appeared first on Coinpedia Fintech News
The BNB price is riding a powerful wave of momentum this October, as network activity, revenues, and investor participation surge to record highs with the BTC price hitting an ATH of $125,750.
In fact, daily transactions, unique addresses, and total value locked (TVL) on the BNB Smart Chain are all setting new peaks, creating the perfect storm behind the token’s rally. Now, various market participants are curious about the next big BNB price potential target.
Transactions and Addresses Reach Record Levels
On analyzing Binance’s official explorer website, it’s observed that on October 3rd, the BNB Smart Chain recorded 18.78 million transactions in a single day, which is the highest in a year.
Even on October 5th, transactions remained strong at 16.1 million, showing sustained demand on-chain. This surge coincided with a sharp rally in the BNB price today, which has entered price discovery mode.
Meanwhile, the BNB price chart reflects the growing demand, showing that bulls are on full throttle, as network participation soars on-chain. This is verified by BSC unique addresses, which have reached an all-time high of 657 million, with more than 545,000 new addresses being added daily.
Not only that, the token terminal illustrated that the active addresses on the chain reached a record 58.1 million, which confirms that the ecosystem is not just growing in size but in daily utility, too.
Revenue, Earnings, and TVL at New Peaks
Beyond network activity, financial metrics also highlight the strength of BNB crypto. According to Token Terminal, BNB Chain generated nearly $969,000 in revenue this week alone.
Earnings for the same period soared to $21.2 million, proving October has truly lived up to its nickname, “Uptober”, boosting hopes for the remaining days of the month.
At the same time, total value locked (TVL) across the BNB ecosystem has reached an all-time high of $9.9 billion.
This milestone underscores the trust investors and traders place in the chain’s infrastructure, as liquidity continues to expand at unprecedented levels.
Ecosystem Growth and Exchange Momentum
The rally is further supported by Binance’s ongoing promotional activities, partnerships, and new listings. On October 6th, Binance listed ASTER with a Seed Tag, fueling fresh intraday trading interest and boosting sentiment.
This strategic positioning keeps BNB in the spotlight, reinforcing its role as the leading exchange token globally.
Meanwhile, the launch of new features and collaborations has expanded Binance’s market appeal, contributing to the broader growth cycle that directly impacts the BNB price in USD.
BNB Price Forecast: Can Bulls Reach $2000?
At press time, the BNB price trades near $1,239, marking a new all-time high with no resistance levels above. Technical analysts suggest that the market is in price discovery mode, which means upward momentum could persist.
Many traders are pointing to $2,000 as the next key milestone in the BNB price prediction, driven by thriving fundamentals.
Another major driver is Bitcoin’s record-breaking surge to $125,750, which has lifted activity across all major exchanges. This high-volume environment is fueling BNB’s bullish trajectory, with its strong tokenomics and ecosystem fundamentals positioning it for further growth.
That said, the ongoing demand, combined with ecosystem expansion, keeps the outlook firmly in favor of buyers.
