Price Analysis View Non-AMP

Binance (BNB) Price Eyes $700 as Maxwell Hard Fork Sparks On-Chain Boom

Published by
Yash Jain and Sohrab Khawas

The BNB price chart may have been relatively quiet since mid-May, but the data from the Binance Smart Chain (BSC) tells a different story. Over this period, daily transactions have surged from 8.1 million to an impressive 17.6 million. 

Meanwhile, active addresses reached a remarkable milestone on June 20, climbing to 3.5 million from just 1.5 million in mid-May. These spike indicates a growing interest and adoption, as evidenced on these charts.

The sudden growth is factored, as BNB gears up for the upcoming Maxwell hard fork on June 30, which is building strong excitement for the network. It aims to enhance network performance by reducing block times from 1.5 seconds to just 0.75 seconds.

In addition, the BSC ecosystem boasts 5,756 decentralized applications with a staggering volume of $52.43 billion. This puts BSC as a leader, especially when compared to the Optimism (OP) mainnet, which has only 367 DApps and a volume of $285.36 million.

These developments are strengthening the case for BNB’s utility in the crypto market. However, the pressing question remains: will these positive changes translate into a short-term price increase for BNB? 

On-Chain Suggest BNB Price Pump Likely?

The recent update announcement from Binace’s BNB has sparked a noticeable increase in its developer activity, which is reflected on Santiment throughout June. 

The metric shows that it has risen to 0.923, up from 0.57 in early June. It hints at a steady resurgence in developer contributions that hints for a start of a healthier growth cycle for the ecosystem.

In addition to this, funding rates have also turned positive this week, shifting from “-0.04%” to “+0.03%”, suggesting that traders are becoming more optimistic about BNB crypto’s future.

Moreover, weighted sentiment is showing signs of positive views of the BNB price slowly gaining traction following the announcement about the Maxwell upgrade. 

Overall, as these developments create a more favorable environment for BNB price action, a potential price pump could be on the horizon in short-term.

Is $700 Coming Soon In BNB Price?

Last year, the BNB price experienced parabolic growth, climbing from $202 to $794. However, it faced a setback, dropping to $510 in Q1 of 2025. 

Later, in Q2, bullish momentum helped push the price back up to $698 by the last week of May.

Despite this growth, BNB has been stuck in a sideways trend for the past three weeks in June. 

Technical indicators like the MACD and Awesome Oscillator are showing negative histograms, while the RSI remains below the median line and the Chaikin Money Flow (CMF) is below zero. These signals suggest that the price is severely range-bound.

Interestingly, in the pessimistic price conditions f BNB over the last three weeks, it has formed a descending triangle pattern. A breakout now could lead to significant gains, especially with the upcoming Maxwell hard fork on June 30, which could act as a catalyst for movement.

In addition, the Analyst Carl Moon views also aligns with this sentiment. He is suggesting that the current pattern could propel the BNB price toward $700 in the short term. 

FAQs

How much will 1 BNB be worth in 2025?

BNB could reach $700 or higher in 2025 if bullish momentum builds post-Maxwell upgrade and network usage continues rising.

Where will BNB be in 5 years?

If BSC growth sustains and utility expands, BNB could trade well above $1,000 by 2030, though long-term performance depends on adoption and upgrades.

Is BNB a good investment right now?

With rising adoption, developer activity, and an upcoming network upgrade, BNB shows strong upside potential in the near term.

Yash Jain and Sohrab Khawas

Yash is a crypto analyst specializing in price analysis, predictions, and in-depth research reports. He combines technical indicators with on-chain data to uncover market trends and potential breakouts. His sharp insights help readers navigate the crypto market with confidence. Whether it’s Bitcoin or emerging altcoins, Yash breaks it down with clarity and precision.

Recent Posts

Ethena Whales Accumulates 1B Tokens: What’s Next for ENA Price?

Ethena (ENA) price has struggled to rally beyond 69 cents in the past few days.…

August 6, 2025

SEC Says  LSTs Are Not Securities: What’s the Impact on Spot Crypto ETFs?

The Securities and Exchange Commission (SEC) through its Division of Corporation Finance has issued a…

August 6, 2025

SEC Declares Some Liquid Staking Activities Are Not Securities in Key Crypto Guidance Update

The U.S. Securities and Exchange Commission (SEC) has released new guidance clarifying that certain liquid…

August 6, 2025

Michael Saylor Doubles Down on Bitcoin as the ‘Bridge to Tomorrow’

Michael Saylor has once again stirred excitement in the crypto space with a powerful post…

August 5, 2025

How a $100 Stake in Ozak AI and Ethereum Could Multiply into Thousands

The Layer 1 market is still led by Ethereum, while newer projects like Ozak AI…

August 5, 2025

XRP Holders Watch in Silence as Ozak AI Presale Dominates 2025 Crypto Buzz

XRP holders have long been known for their loyalty, having weathered years of SEC battles…

August 5, 2025