BNB Coin hits a new high: breaking through $800, what is the driving force behind it? BNB Coin price forecast and future prospect analysis

Table of contents

• BNB brief introduction

• BNB Prices hit new highs

• The main driver of BNB's soaring

• Binance Coin (BNB) price forecast

• 2026 BNB Price Forecast

• 2030 BNB Price Forecast

• 2040 BNB Price Forecast

• 2050 BNB Price Forecast

• Challenges and prospects

Around 8:30 am on the 23rd, Binance Coin (BNB) successfully broke through the psychological threshold of US$800, setting a new record after more than seven months.

The top $800 this time reflects a significant recovery in market sentiment. Against the backdrop of continuous capital inflows, BNB is entering a new round of price exploration. Analysts pointed out that if BNB can stabilize above the previous high of $793, it is expected to continue to expand its space upward in the future.

However, it should be noted that the current daily RSI of BNB has risen to 87, indicating that there is overbought in the short term, and a certain amount of profit-taking pressure may also accumulate in the market. Once a pullback occurs, $709.29 will become an important support position.

Next, let’s discuss the core factors driving BNB’s rise together.

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BNB brief introduction

BNB was launched through Binance’s initial token issuance (ICO) in 2017. It is a native token of BNB Chain and is widely used in transactions, staking and on-chain governance.

Its initial total is 200 million pieces. Through the regular token destruction mechanism, the current circulation has been reduced to about 139 million pieces.

This token can not only be used to reduce transaction fees on the Binance platform and participate in the issuance of exclusive tokens, but also supports the operation of DeFi applications, NFT markets and various blockchain solutions in ecosystems such as BNB Chain, opBNB Layer 2 and BNB Greenfield.

BNB Prices hit new highs

On July 23, Binance, the native token of Binance, the world's leading cryptocurrency exchange, hit a new high of US$804. This milestone event not only demonstrated the strong momentum of BNB, but also further consolidated the BNB chain's leading position in the global blockchain landscape.

Currently, BNB's quotation is US$799, with an increase of 4.13% in 24 hours and a transaction volume of US$3.32 billion. BNB prices have risen nearly 30% over the past month. Its current market value has climbed to $111.3 billion.

This round of rise is mainly due to the regular token destruction mechanism, the continuous expansion of the decentralized application (dApps) ecosystem and the continuous increase in market confidence.

The main driver of BNB's soaring

Binance's token destruction mechanism is one of the key pillars supporting BNB's value. According to the BEP95 standard, Binance implements an automated destruction process, aiming to gradually reduce the total supply of BNB from 200 million to 100 million.

In the 32nd destruction on July 10, about 1.59 million BNBs (valuation of approximately US$1.02 billion) were permanently removed from circulation, becoming the largest destruction in BNB history. This mechanism effectively enhances the scarcity attributes of BNB, and also enhances investors' confidence in its long-term value.

The rapid development of the BNB chain ecosystem is another important driving force. With efficient transaction speed and low handling fees, BNB chain has become the preferred network for DeFi applications, decentralized exchanges (DEXs) and NFT trading platforms.

BNB Chain's DEX trading volume has exceeded US$191 billion in 30 days, surpassing multiple mainstream public chains. Its daily active users (DAU) exceeded 4 million, and its total locked value (TVL) reached US$10.9 billion.

The cooperation with Ondo Finance has achieved the tokenization of US stocks and ETFs on the BNB chain, marking a key step in connecting traditional finance (TradFi) and blockchain. Continuous upgrades in infrastructure, such as increasing the block gas limit and achieving support for 5,000 DEX transactions per second, further strengthening the competitive advantage of BNB chains over Layer-1 public chains such as Ethereum.

Binance Coin (BNB) price forecast

2026 BNB Price Forecast

As Binance continues to maintain its leading position in the crypto industry, Binance Coin (BNB) is expected to usher in growth in 2026. The market demand for high-speed and low-cost blockchains is expected to consolidate BSC’s dominance in the DeFi and NFT fields, thereby enhancing its token value. As more users and developers influx, BNB's core role in these ecosystems will support its development. Despite the market volatility, Binance's growth momentum and blockchain popularity trend are expected to drive BNB to perform soundly in 2026. BNB prices are expected to fluctuate in the range of $792.22 to $1,002.12.

2030 BNB Price Forecast

Looking ahead to 2030, BNB is expected to achieve significant growth with the widespread use of blockchain technology. The expansion of DeFi and related fields may further drive up the demand for BNB. The macroeconomic environment and traditional financial market performance will also have an impact on its prices. Based on current trends, BNB may hit a high of $1,712.24 in 2030.

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