Binance Coin (BNB) Targets $1000 as Institutional Interest Grows
Amid renewed interest in the altcoin market following Bitcoin's price reaching around $100k, Binance Coin #BNB has emerged as a strong contender. With a fully diluted valuation of about $101 billion and a daily average trading volume of approximately $2.3 billion, BNB has been retesting its bullish breakout from the 2021 all-time high.
Currently in the price discovery phase, BNB's price is positioned to potentially rally significantly. Technical analysis indicates that BNB is targeting the next liquidity range between $930 and $1,095, aligning with the 1.618 and 2.618 daily Fibonacci Extension levels.
To avoid further corrections towards $651, BNB must consistently close above the support/resistance level of around $690. The actual bull run for BNB will commence once the BNB/BTC pair rebounds from its multi-year declining trend.
Why Bet on Binance Coin in 2025
Over the past year, Binance Coin has seen a return exceeding 250 percent, trading at approximately $697. It benefits from the Binance ecosystem, which includes a cryptocurrency exchange with over 240 million registered users and the BNB Chain, a leading interoperable Web3 blockchain.
Recent on-chain data shows that the BSC ecosystem had a total value locked (TVL) of around $5.79 billion and a stablecoin market cap exceeding $6.6 billion. Additionally, the BSC network recorded more than 1 million active addresses in the past 24 hours.
This growth has attracted attention from whale and institutional investors looking to diversify their crypto portfolios. Notably, Osprey Funds announced the launch of the Osprey BNB Chain Trust (OBNB) on the OTCQX platform, marking it as the first US publicly-quoted fund based on BNB.
The fund aims to attract institutional and whale investors, requiring a minimum investment of $10k, with a lockup period of 12 months and a 2.5 percent management fee. Copper will act as the custodian and Theorem Fund Services will be the fund administrator. As of this report, OBNB has a market cap of around $170 million.
“At Osprey, we are committed to bridging the gap between traditional finance and digital assets, offering investment solutions for those looking to participate in the generational transformation enabled by blockchain technology. The launch of the Osprey BNB Chain Trust underscores our focus on providing access to premier crypto assets,” stated Greg King, CEO of Osprey Funds.