Key takeaways:
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BNB price may more than double by early 2026, based on a chart fractal indicator.
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Network growth post-Maxwell upgrade and growing institutional adoption may act as tailwinds.
BNB (BNB) price has surged over 30% in July, hitting a record high of $861.20 on Monday, and it could more than double from here, according to market analyst BitBull.
BNB can hit $1,000 by year’s end, $2,000 cycle top
BitBull’s bullish outlook for BNB price is mainly grounded in a 2019-2020 fractal indicator.
On the technical front, BNB has broken out of a multi-year ascending triangle, a bullish continuation pattern that closely mirrors a similar structure from 2018 to 2021.
Back then, BNB soared over 920% after breaking above its previous resistance near $40, eventually topping just above $690.
A run toward the $1,800-2,000 range appears technically feasible by early 2026 if BNB were to replicate even a fraction of its previous move.
The ascending triangle breakout target comes even higher than the cycle top range suggested by BitBull, with projections at around $3,900.
Institutional demand, network growth may fuel BNB price boom
BitBull further cites BNB’s growing network activity and institutional adoption as reasons behind his bullish outlook.
BNB Chain has seen a major uptick in user activity, with the number of active addresses rising by 37% over the past 30 days, according to Nansen data.
That marks one of the highest growth rates in active addresses among major blockchains, beating even Solana (SOL), which despite leading in total active addresses at over 100 million, saw its user activity drop by 19% in the same period.
Part of this growth may be attributed to BNB Smart Chain’s Maxwell upgrade, which went live on June 30.
The upgrade introduced faster block times, improved validator coordination, and smoother overall network performance, sparking speculation that a price rally could follow.
Institutional appetite is picking up, too. On Thursday, Windtree Therapeutics secured $520 million in funding to buy BNB for its treasury.
On Monday, Nano Labs, a NASDAQ-listed Web3 infrastructure company, also expanded its BNB holdings to approximately 128,000 tokens (~$108 million at ~$850 each) through OTC purchases and convertible note financing.
“BNB Chain network activity is rising; Binance continues to be the #1 exchange and companies are buying BNB for their Treasury,” says BitBull, adding:
“All this demand is certainly going to push BNB above $1K by Q4 and possibly $1.8K-$2K by cycle top.”
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
