Binance Coin (BNB) Eyes Ethereum’s Lead After Surging Past $1,100 With 6% Rally

Binance Coin (BNB) has kicked off October with impressive ￰0￱ climbing more than 6.5% in 24 hours, BNB surged past the $1,100 mark, setting a new all-time high of $1,111 before consolidating slightly ￰1￱ Reading: Galaxy’s Digital Bitcoin Sales Continue: 1,190 Bitcoin Moves To Binance This milestone highlighted the token’s resilience amid a volatile macro environment, characterized by the ￰2￱ shutdown and changing monetary policy outlooks, and also highlights its growing influence in the broader crypto market. BNB's price trends to the upside on the daily chart.) and trading applications. On-chain activity supports the bullish ￰3￱ addresses spiked to over 73 million in September, while transaction volumes climbed to 4.34 million monthly, the second-highest on ￰4￱ chain’s total value locked (TVL) has also risen to $8.23 billion, showing steady adoption across DeFi ￰5￱ participation is increasing too.

Kazakhstan’s state-backed Alem Crypto Fund recently designated BNB as its first official investment, indicating that sovereign entities are starting to diversify into exchange-linked ￰6￱ BNB Sustain Its Push Toward $1,200? With BNB’s market cap now surpassing $160 billion, experts believe the token is strengthening its position as a key asset alongside Bitcoin and ￰7￱ signals indicate potential further gains: the token remains strong above all major moving averages, and RSI is near but not yet in overbought levels. Nevertheless, volatility remains a significant risk. A decline towards the $1,000–$1,030 support zone could occur if profit-taking speeds up.

However, as long as BNB stays above $1,050, analysts consider $1,150–$1,200 as achievable short-term ￰8￱ Reading: No Accident: The Powerful Factors Behind Bitcoin’s Late-September Rally As Uptober progresses, BNB’s resilience and expanding network fundamentals are fueling speculation that Binance Coin might eventually rival Ethereum in adoption and market influence. Currently, traders are watching whether BNB can convert its $1,100 breakout into a sustained rally toward new ￰9￱ image from ChatGPT, BNBUSD chart from TradingView