The price of BNB has shown significant growth in July and may continue to rise due to certain factors. Analysts suggest it could reach $2,000 in the coming years.
Price Growth Forecast for BNB
The price of BNB increased by over 30% in July, reaching a record high of $861.20. Analyst BitBull suggests it could more than double, hitting $1,000 by year-end and $2,000 by the cycle in 2026. This is based on a fractal indicator showing BNB has broken through a multi-year ascending triangle formation.
Factors Supporting Growth
BitBull connects this bullish outlook to increasing network activity and institutional demand for BNB. Nansen's data published indicates that the number of active addresses in BNB Chain rose by 37% in the past month, marking one of the highest growth rates among major blockchains.
Network Dynamics and Institutional Interest
The network growth may be partially attributed to the Maxwell upgrade that went live on June 30, which enhances block times and network performance. There is also increasing institutional appetite; for instance, Windtree Therapeutics announced securing $520 million to purchase BNB, and Nano Labs expanded its BNB holdings to approximately 128,000 tokens through OTC purchases and convertible financing.
Analysis shows BNB may expect significantly greater growth due to increased network activity and interest from major investors, potentially fulfilling future price growth forecasts.
