The Binance coin is already in the price discovery phase of the 2024/2025 crypto bull market amid the early stages of the much-anticipated altseason.
Amid the renewed interest in the altcoin industry, after Bitcoin price BTC $79 734 24h volatility: 1.3% Market cap: $1.58 T Vol. 24h: $86.52 B reached a psychological target of around $100k, Binance Coin BNB $558.5 24h volatility: 0.7% Market cap: $81.42 B Vol. 24h: $2.43 B has emerged as a top contender. The large-cap altcoin, with a fully diluted valuation of about $101 billion and a 24-hour average traded volume of around $2.3 billion, has been retesting the bullish breakout from the 2021 all-time high in the past two weeks.
Having already entered the price discovery phase, BNB’s price is well-positioned to rally exponentially in the coming months. From a technical analysis standpoint, BNB’s price is aiming at the next liquidity range between $930 and $1,095, which coincides with the 1.618 and 2.618 daily Fibonacci Extension.
However, BNB’s price must consistently close above the support/resistance level of around $690 to avoid further correction towards $651. The actual BNB bull run will kickstart once the BNB/BTC pair rebounds from the multi-year falling trend.
Why Bet on Binance Coin in 2025
The Binance Coin has performed impressively in the past year, with a return of over 250 percent to trade at about $697 at the time of this writing. Backed by the Binance ecosystem, which involves the cryptocurrency exchange, with over 240 million globally registered users, and the BNB Chain, a leading interoperable web3 blockchain.
According to the latest on-chain data, the BSC ecosystem had a total value locked (TVL) of about $5.79 billion and a stablecoins market cap of over $6.6 billion. More remarkably, the BSC network had more than 1 million active addresses in the past 24 hours.
As a result, the BNB coin has attracted more attention from whale and institutional investors seeking to diversify their crypto portfolios. In the latest update, Osprey Funds, a top-tier crypto investment firm, announced the launch of its Osprey BNB Chain Trust (OBNB) on the OTCQX platform.
As the first US publicly-quoted fund based on BNB, the firm is seeking to attract more institutional and whale investors ahead. Moreover, the minimum investment is $10k, with a lockup period of 12 months and a 2.5 percent management fee.
The custodian of the OBNB will be Copper and the fund administrator will be Theorem Fund Services. As of this report, the OBNB had a market cap of about $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,” Greg King, the CEO of Osprey Funds, noted.
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