The cryptocurrency market continues to rise as Bitcoin surpasses $64,000, with Binance Coin (BNB) price prediction expected to hit a new all-time high and surpass the $700 mark. Moreover, with the departure of Binance’s former CEO Changpeng Zhao, popularly known as CZ, on September 29, BNB price is gearing up for a bull run.

Despite the market’s anticipation of a bullish run, rising volatility and any last-minute changes could lead to a selling frenzy. Hence, the potential uncertainty surrounding the detention of the former CEO raises questions such as “Is Binance safe?” or “Will Binance move higher in 2024?”

Binance Coin (BNB) Price Prediction October 2024

With the V-shaped reversal above the 50% Fibonacci level at $587, the BNB price has a bull run above $600. Moreover, the trendline breakout run in Binance Coin indicates an uptrend towards the 78.60% Fibonacci level.

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With the release of CZ this weekend, BNB price may surpass the 78.60% Fibonacci level. Moreover, the long-awaited October bull run may take Binance Coin to a new all-time high. Therefore, the uptrend can reach the $711 mark with an optimistic target of $740. On the other hand, a reversal from $600 will test the 50D EMA at the $550 mark.

Binance (BNB) Price Prediction 2024

Year-to-date, BNB’s price has gained 86% and its bullish sentiment has recovered significantly, currently trading at $582. Despite this, BNB’s price is still down 19.68% from its 52-week high of $724.

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According to DefiLlama, the total locked value (TVL) of Binance Smart Chain (BSC) has dropped significantly from its all-time high of $44.09 billion to $4.679 billion. However, BSC is still the third largest player in the DeFi industry with a daily trading volume of $747 million.

In 2024, the price of BNB coin might reach a high of $1041. However, in the event of an economic slowdown, the BNB cryptocurrency might drop to a low of $480 with an average price of $710.

BNB Price Prediction 2025

As the list of services in the Binance ecosystem continues to grow, $BNB is expected to continue its current upward trend. Investors can expect BNB to hit a new all-time high of $1,092. On the other hand, the BNB cryptocurrency might experience a low of $761 and an average price of $926.

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