BNB, the coin powering the multi-billion Binance ecosystem, is one of the top performers in the past week. The coin is firm, outpacing Bitcoin, Ethereum, and some of the best new coins to buy in 2025 in the last week of trading. Because of sustained gains over the last day, the coin is up double digits in the past trading week, adding 17%, cementing its position in the top 5 most valuable coins.
Is BNB Ready For $2,000?
The revival means the BNB uptrend from Q4 2024 is still intact, and buyers, despite losses in the better part of Q1 2025, have a chance to push on. From the BNBUSDT technical charts, the local support is at around $530, while resistance is at nearly $800.
The uptick from the past 24 hours means sellers are being flushed as buyers take over, targeting immediate resistances at $650 and $700. As momentum gathers, one analyst thinks the coin can not only break above $1,000, a key resistance level and round number but can easily float to as high as $2,000 in the coming trading sessions.
Technically, for this to play out and BNB to go parabolic, buyers must break above 2024 highs and $800. From there, if bulls press on, the next feasible target will be $1,000.
Another convincing close above this level would thrust the coin into the top 3, assuming Ethereum (ETH) still stagnates below $4,000 as Standard Chartered analysts predict, and Solana continues to lag as BNB Chain becomes the new playground for meme coin traders.
The pace of this growth will, however, depend on general market sentiment. Interest in crypto and capital flowing to some of the top 20 cryptos that can explode in 2025 can provide tailwinds for the coin.
When this happens, Binance, the world’s largest crypto exchange by client count and trading volume, will likely fan more demand and channel even more trading liquidity.
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Meme Coin Trading Driving Demand
Presently, analysts are looking at emerging trends on the BNB Chain. Like what sparked the sharp rally of Solana in 2024, possible drivers in 2025 for BNB could be meme coin activities.
In recent days, decentralized trading volume on the BNB Chain has been rising, even surpassing that of Solana and Ethereum. What this suggests is that activity is moving from Solana and Ethereum and shifting to the BNB Chain.
Check out the DEX Volume by Chains. $BNB is on the TOP $1.6 Billion$SOL & $ETH following it. pic.twitter.com/sypOQ2USBZ
— raajeevanand.eth (@rajeevanandspur) March 18, 2025
Interestingly, a big portion of activity has been on the Mubarak meme coin. Since the $2 billion investment in stablecoins by MGX, the meme coin has been gaining traction, and some traders are making money.
A trader turned $232 into over $1.1M on $mubarak—a 4,860x return!
He spent only 0.4 $BNB($232) to buy 10.5M $mubarak and sold part of it for 576 $BNB($363.5K), leaving 5.16M $mubarak($764K) in 3 wallets.
Address:https://t.co/R944OLrKRghttps://t.co/PLFFUEuWur… pic.twitter.com/Cjvq6Tx9pG
— Lookonchain (@lookonchain) March 17, 2025
The latest Coingecko data shows that Mubarak is already up 580% in two days. There are reports that Changpeng Zhao, the founder of Binance, bought 1 BNB worth of Mubarak via PancakeSwap, a DEX on the BNB Chain.
CZ(@cz_binance) spent 1 $BNB($600) to buy $mubarak and 1 $BNB ($600) to buy $TST 30 mins ago.https://t.co/0QdzQYfn7A pic.twitter.com/yv6YPuAnXY
— Lookonchain (@lookonchain) March 16, 2025
This purchase and other meme coin swaps are what’s behind the spark in meme coin trading on the BNB Chain, driving both Mubarak and BNB prices.
The listing of Mubarak on Binance Alpha further boosted the token’s liquidity, strengthening its position in the meme coin scene.
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Is BNB Ready To Fly? Analyst Targets $2,000
- BNB is up 5% in 24 hours as buyers target $800 and $1,000
- Analysts are convinced BNB can easily rise to $2,000 if buyers push on
- Meme coin Mubarak, boosted by a $2 billion stablecoin investment in Binance and CZ’s purchase, drives BNB Chain activity
The post Is BNB Preparing For This Mega Push Up To $2,000? appeared first on 99Bitcoins.
