New all-time high for BNB (Binance Coin): ATH above $1,000

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The previous all-time high (ATH) 

What is surprising is what happened next. 

Shortly before mid-July, the price of BNB had returned to around $690, which is higher than both the 2021 highs and those of the first half of 2024. 

At that point, a new upward trend began, which, however, experienced a slight setback at the end of July due to a sort of reverse rebound. In fact, once it surpassed $800 for the first time in its history, there was a brief correction, probably due to profit-taking, which brought it back below $750. 

However, that correction lasted less than a week, then the upward trend resumed.

Shortly before mid-August, the price of Binance Coin (BNB) returned above $800, but without the profit-taking of the previous month. Thus, by the end of the month, it surged to around $900, when further profit-taking occurred. 

At that point, for about two weeks, the price of BNB moved sideways in a very high range between $830 and $900, and starting from September 10th, it began to rise again. 

BNB surpasses the $1,000 mark

The latest rise, the one that brought the price today for the first time to $1,000, was not continuous. 

The first phase began on September 10, but it halted three days later below $940. Evidently, the momentum was weak, especially since $900 had already been reached at the end of August. 

Between September 14 and 15, there was a very brief correction, which, however, was not even able to bring the price of BNB below $910. That should have been interpreted as a sign of strength. 

In fact, the following day, that is the day before yesterday, a new bull run started again, which, however, could also temporarily halt right at the $1,000 mark due to new profit-taking, just as it happened this year at the $800 and $900 marks.

To be honest, yesterday that bullrun seemed to have stopped at $950, but yesterday the markets were in a frenzied anticipation of the Fed’s words, so it was just a temporary pause due to this anticipation. 

Today, in fact, the bullrun has resumed, with a jump of 4.5% that has brought the price of Bnb coin to $1,000 for the first time in history.

BNB (Binance Coin) Price Predictions

There are many forecasts circulating regarding the future price trend of BNB, but it is very likely that it will end up following the general trend of the crypto market. 

In fact, the bull run that started on September 10 is already following the same trend as the altcoin season index of CMC, which not coincidentally recorded a pause yesterday. 

It is true that it is actually the trend of the Binance Coin (BNB) price that influences the altcoin season index trend, but it is not only BNB doing so. It should not be forgotten that in the last seven days, alongside an +11% of BNB, there is also a +10% of Solana, a +12% of Dogecoin, and a +14% of Avalanche. 

Additionally, this time the altcoin season index moved a day before BNB. 

In this regard, it should be noted that this index has not yet risen above 75 points recently, which would mark the beginning of an altseason, more or less lasting. 

The fact is that if Bitcoin were to start rising again, it is very likely that the level of that index would drop, possibly negatively affecting the current bull run of the altcoins listed earlier. 

At this moment, only a few altcoins are in a bull run, and among these, for example, the two main ones, namely Ethereum and XRP, are not included, although these two are also moving upwards but much less than BNB. 

Therefore, there is a possibility that in the short term the bull run of BNB might come to a halt, although later on it could also end up restarting.