3 key reasons BNB price may surge to $1,155 in 2025

Binance Coin price remained stable above $700 as a unique chart pattern pointed to more gains, potentially $1,155 in the near term.

Binance Coin (BNB) was trading at $707 on January 1; This was several points below the December high of $794 and 200% above the 2024 low.

BNB coin is facing three important catalysts that could push it much higher in the first quarter of this year.

First, the network continued to burn its tokens; This move is expected to reduce their outstanding funds from 144 million to 100 million over time. According to BNB Burn, the network is expected to burn 1.63 million tokens worth $1.01 billion in the near future. Then, another 1.5 million BNB coins worth $1.089 billion will be burned in the first quarter.

In addition to these quarterly automatic burns, the network burns more tokens every day than the gas fees generated. This approach has burned 246,950 coins worth over $175 million since its inception several years ago.

These burns will create more value for the BNB price over time by making the tokens rarer and increasing the amounts received by staking investors. Binance Coin’s staking yield decreased to 2.3% from 12% in November, and the staking rate increased slightly to 20.32%.

Secondly, the Binance Smart Chain ecosystem is in relatively good shape despite increasing competition in the industry. It has over 905,640 active addresses, over $5.5 billion in total value locked, and $6.86 billion worth of stablecoins.

BNB Chain’s DEX protocols continued to perform well. The volume processed by their protocol has increased by 10% in the last seven days to over $13.42 billion. This brings the total volume since its inception to $1.16 trillion, making it the second largest player after Ethereum (ETH), which has traded over $3.4 trillion.

BNB price strong technicals BNB price chart | Source: crypto.news

Third, Binance Coin has some powerful techniques that could take it much higher in the long run. The weekly chart shows that BNB price is gradually forming a cup and handle chart pattern; which is a popular sign of continuation.

The cup part was formed between 2021 and June 2024, and the handle part was formed between June and November. We see that the depth of the container is approximately 74%. Measured the same distance from the top of the cup, the BNB price target is $1,155, which is approximately 63% above the current level.