3 key reasons BNB price may surge to $1,155 in 2025
The Binance Coin price held steady above $700, as a unique chart pattern pointed to more gains, potentially to $1,155 in the near term.
Binance Coin (BNB) was trading at $707 on Jan. 1, a few points below the December high of $794 and 200% above its 2024 low.
The BNB coin faces three key catalysts that could push it much higher in the first quarter of this year.
First, the network has continued to burn its tokens, a move that is expected to reduce its outstanding coins to 100 million from 144 million over time. According to BNB Burn, the network is expected to conclude a 1.63 million token burn worth $1.01 billion soon. It will then burn another 1.5 million BNB coins worth $1.089 billion in the first…
