CEA Industries, the largest corporate holder of BNB in the world, announced today that it expanded its war chest to 500,000 tokens, worth approximately $540 million at the time of writing. Growing institutional adoption of this cryptocurrency favors a bullish BNB price prediction at a point when the token is tagging a key support area.
In the past 7 days, BNB has retreated by 7% to $1,080. CEA seems to have taken advantage of the decline to scale up its portfolio. The company’s goal is to hold 1% of the token’s circulating supply. This means they still need to buy around 900,000 more tokens, based on today’s stats.
“Crossing the half-million BNB mark is more than a numerical milestone it’s validation of our conviction as we make rapid progress to our goal of owning 1% of total supply,” commented the head of CEA Industries, David Namdar.
He added: “We’ve always viewed BNB as more than a token, it’s the backbone of one of the most widely adopted blockchain infrastructures in the world.”
Despite the latest retreat, the token is still the top-performing crypto asset in the top 5 with year-to-date gains of 54%.
The successful launch of Aster, a BNB-native perpetual futures trading platform, along with a jump in trading volumes and institutional interest in cryptos, have contributed to propel daily transaction volumes within the BNB Chain.
However, on-chain data shows a strong decline in daily transactions amid the latest pullback. Volumes peaked on October 8, just two days before the catastrophic decline caused by President Trump’s decision to increase tariffs on Chinese imported goods by 100%.
Since then, they plummeted from 31 million to 18 million, as thousands of traders were liquidated as a result of this flash-crash. This is a call for caution at a point when uncertainty is high and market sentiment is not at its best.
BNB Price Prediction: BNB Could Rise to $1,300 Again If The $1,080 Level Holds
Looking at the 4-hour chart, BNB just hit a key support at $1,080 that previously acted as both support and resistance. If the price rises above this level decisively, the odds would favor another push toward the token’s all-time high over the next few weeks.
To confirm such a move, the Relative Strength Index (RSI) in this lower time frame should climb above the mid-line and the 14-day moving average. This would indicate that bullish momentum is gaining steam.
Moreover, the price needs to break above the 200-period exponential moving average as well to confirm a change in the trend’s direction.
If that happens, we could witness a move toward $1,300 in no time. If this week’s inflation report in the United States is favorable, that would raise the odds that the Federal Reserve will cut rates as expected.
In the meantime, the best crypto presales of this cycle could deliver even higher gains than well-established tokens. A new L2 called Bitcoin Hyper ($HYPER) could be one of those hidden gems that will soon surprise the market once its solution is launched.
Bitcoin Hyper ($HYPER) Presale Expands Bitcoin’s Power Beyond Payments
Bitcoin Hyper ($HYPER) is taking Bitcoin to the next level by launching the first true layer 2, built to fix the network’s biggest issues – slow transactions, high fees, and limited programmability.
While Bitcoin still dominates as the world’s top crypto, its network remains quite slow as it can only process 7 transactions per second. This has held its growth back for long, but not anymore.
Bitcoin Hyper changes that, by introducing lightning-fast transaction execution, scalable smart contracts, and low fees. All of this is possible with the help of the more efficient Solana blockchain.
The $HYPER presale gives early buyers a front-row seat to reap the highest returns once the solution is launched. Once top wallets and exchanges start to embrace Bitcoin Hyper, the demand for its native asset could explode.
To buy $HYPER before the next price increase, head to the official Bitcoin Hyper website and connect your wallet. You can either swap USDT or SOL or simply use a bank card to invest.
