Daily

Coin

<ul>
 <li>Despite the global crypto market correction, Binance Coin (BNB) gained 7.50% to hit $386.</li>
 <li>The BNB Chain achieved over 1.2 million daily active users in 2023.</li>
</ul>
Despite significant selling pressure over the global crypto market, Binance’s native token BNB has emerged as a <a href="https://thenewscrypto.com/binance-coin-bnb-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">standout performer</a>, exhibiting a notable 7.50% surge over the last 24 hours accompanied by a 90% increase in trading volumes to exceed $2.62 billion. At the time of writing, Binance Coin (BNB) is priced at $380.13, boasting a market capitalization of $56.85 billion.
This surge comes hot on the heels of Bitcoin’s ascent to new highs nearing $53,000, only to be swiftly followed by a downturn that saw BTC plummet below $51,500, prompting a fresh phase of consolidation across the markets. Despite growing concerns about future price fluctuations, Binance Coin climbed to $386, a level last seen on May 1, 2022, displaying resilience and appearing to reach new peaks.
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img decoding="async" width="699" height="393" src="https://thenewscrypto.com/wp-content/uploads/2024/02/image-106.png" alt="" class="wp-image-92165" srcset="https://thenewscrypto.com/wp-content/uploads/2024/02/image-106.png 699w, https://thenewscrypto.com/wp-content/uploads/2024/02/image-106-300x169.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/02/image-106-376x212.png 376w" sizes="(max-width: 699px) 100vw, 699px">
 <figcaption class="wp-element-caption">BSC Daily Active Users (Source: <a href="https://www.bnbchain.org/en/blog/bnb-chain-the-web3-blueprint" target="_blank" rel="noopener noreferrer nofollow">BNB Chain</a>)
 </figcaption>
 </figure>
</div>
The recent momentum for BNB follows the unveiling of the BNB Chain and the Web3 Blueprint in a blog post by BNB Chain. The blockchain network boasts surpassing 1.2 million active users, a testament to its robustness despite Binance’s <a href="https://thenewscrypto.com/us-prosecutors-push-for-binances-4-3b-plea-approval/" target="_blank" rel="noopener noreferrer nofollow">ongoing legal dispute</a> with the US Securities and Exchange Commission (SEC). Notably, the total number of active users on the BNB chain has surged 7600% over the past four years, from 15,000 to 1,200,000, underscoring its growing popularity and adoption.
<h3 class="wp-block-heading" id="h-binance-coin-bnb-prepares-for-potential-surge">Binance Coin (BNB) Prepares for Potential Surge</h3>
Recently, the uncertainty about the Binance exchange led to a sharp drop in BNB prices, plummeting from $348 to $206. The crypto community anticipated the token might fall to double-digit levels, but a strong rebound halted the downward trend.&nbsp;
According to the daily price chart, BNB showcases a <a href="https://thenewscrypto.com/binance-coin-defies-market-weakness-traders-eye-bnb-to-hit-400/" target="_blank" rel="noopener noreferrer nofollow">bullish outlook</a>, hinting at a potential ascent toward a 2X price target at the peak of the forthcoming bull run. Also, the current price pattern appears to be mirroring a similar technical pattern that parallels the 2021 bull run. If history repeats itself, BNB’s price could surge to the $600 range.&nbsp;
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" width="1024" height="516" src="https://thenewscrypto.com/wp-content/uploads/2024/02/image-107-1024x516.png" alt="" class="wp-image-92166" srcset="https://thenewscrypto.com/wp-content/uploads/2024/02/image-107-1024x516.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/02/image-107-300x151.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/02/image-107-768x387.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/02/image-107.png 1301w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">Binance Coin (BNB) Price Chart (Source: <a href="https://in.tradingview.com/symbols/BNBUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
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Furthermore, if Binance Coin continues its bullish trajectory, it will encounter immediate resistance at $430, which could push the price to $490. Breaking past the $490 level could trigger further rallies, potentially propelling BNB to $520 and eventually $600. This could potentially help BNB surpass its all-time high of $690.
However, if BNB fails to sustain this bullish trajectory, it could see immediate support at $347, with further declines potentially testing the $303 mark.&nbsp;

Binance Coin (BNB) Heading to $400, Will it Sustain the Uptrend?

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