An increase in the volume of bidding and the active attention of investors to the BNB cryptocurrency can push an asset of $ 856 to $ 1360 in the current market cycle, Cryptoquant canine analysts say.

To calculate the BNB course, experts used the Realized Price metric, which is calculated as a weighted average price, taking into account the network commissions and the volume of supply.

At the moment, Realized Price for BNB is estimated at about $ 680. Historically, in the phases of the bull cycle, the price of the coin rose to a level equal to the two -fold value of Realized Price. Achieving this level will mean growth potential by about 70% of current values, experts explained.

They noted that if their forecast is correct, then the $ 1360 mark may become a local overload point for BNB. The breakdown of the new historical maximum, combined with the growth of activity in the Binance Smart Chain blockchain, can be a strong indicator of the beginning of the long -term altsyzon rally.

Earlier, experts of the Binance Research division said the sharp increase in the BNB cryptocurrency rate up to $ 770 is due to growing demand in the spot market from large investment funds.