- BNB hits a new all-time high of $804, showcasing its remarkable journey from $0.10 since 2017.
- Crypto Patel predicts a rise to $2000 in the current bull run, with a long-term target of $5000.
- The token’s resilience and auto-burn mechanism fuel optimism despite past market volatility.
As of July 23, 2025, BNB, the native token of the BNB Chain, has surged to $804, marking a historic peak that has sparked excitement across the crypto community. Crypto Patel’s recent X post celebrates this milestone, tracing BNB’s evolution from its 2017 launch at $0.10 to a $108 billion market cap, as per CoinMarketCap data.
Early investors who put in $100 are now sitting on $800,000, a testament to the token’s adoption and the unwavering vision of Binance founder Changpeng Zhao (CZ). Patel’s bullish forecast of $2000 in the current bull run and $5000 long-term hinges on BNB’s strong fundamentals and community loyalty, which have weathered four -80% crashes.
A key driver behind this optimism is BNB’s auto-burn mechanism, designed to reduce its total supply to 100 million tokens. This strategy, outlined in Binance’s whitepaper and updated with BEP-95 real-time burning, aims to enhance scarcity and potentially boost value if demand persists.
However, the crypto market’s volatility, as noted in a 2023 Journal of Risk and Financial Management study, underscores the risks, with investor attention on platforms like X often amplifying price swings. Patel’s track record of calling the $500+ move when BNB traded below $5 adds credibility, though such predictions remain speculative.
CZ’s leadership, praised for transparency, comes with a caveat—his 2023 U.S. settlement over anti-money laundering issues resulted in a $4 billion fine, per Forbes. This legal backdrop adds complexity to BNB’s narrative of resilience.
While Patel’s targets are ambitious, they align with the token’s utility on BNB Smart Chain and opBNB L2s. Investors should weigh these factors, conduct thorough research, and consider the inherent risks before diving in, as the crypto landscape remains unpredictable.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
