BNB Price Rise: Big Investments and Meme Coin Drive New Wave of March 2025
Jakarta, Pintu News – In a generally declining market atmosphere, Binance Coin managed to record a 4% price increase in the last 24 hours, with a weekly increase of 11% and a current price of $633. BNB trading volume has also seen an increase of 28%, with a total of $1.85 billion traded. Interestingly, open interest for BNB futures also increased by 10.72% to $875 million, according to data from Coinglass.
Technical Analysis and Price Predictions
Binance Coin (BNB) recently managed to break out of a descending channel pattern on the 4-hour time chart. An analyst known as “Pro Crypto Signals” said that BNB could reach $720 in the coming days if the price can stay above the channel structure. To reach that target, BNB will have to break through the critical resistance level of $630, which will pave the way for more significant price increases.
Also Read: Crypto Analyst Ali Martinez Explains Potential Catalysts for Cardano (ADA) March 2025 Price
Effect of Coin Memes and DEX Volume
One of the factors driving the BNB price increase is the increased activity of meme coins on the Binance Smart Chain, led by Mubarak coin which surged 67% in the last 24 hours. In addition, trading volume on the Decentralized Exchange (DEX) on Binance Smart Chain has surpassed trading volume on Solana . PancakeSwap, for example, recorded the highest trading volume, reinforcing its dominance in the market.
Large Investment and Support from Leading Investors
Recent reports from the Wall Street Journal about US President Donald Trump’s family discussions to acquire a stake in Binance.US also affected the market, although the rumors have been denied by Binance founder Changpeng Zhao.
In addition, the $2 billion investment from Abu Dhabi-based advanced technology investor MGX into Binance marks a major step in building a more stable and sustainable ecosystem. Binance CEO Richard Teng stated that this collaboration will shape a more inclusive and sustainable future of digital finance.
Cover: BNB’s Future Prospects
With various supporting factors, including major investments and meme coin activity, Binance Coin (BNB) shows significant growth potential. Market analysts have set ambitious price predictions for BNB, with some even expecting it to reach $1,500 within the year. In addition, the launch of the Pascal hard fork on the BNB Chain scheduled for March 20 is expected to provide more positive impetus for BNB.
Also Read: Ripple (XRP) Price Surge Predicted After Crypto Wallet Launch in March 2025
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
Reference
- Crypto News Flash. BNB Price Surges as Mubarak Fuels Binance Smart Chain Rally. Accessed on March 18, 2025
- Featured Image: Generated by AI
