BNB Hits Record $1,330, Becomes Third-Largest Crypto

BNB has delivered a spectacular performance in the final quarter of the year, surging 30% in just one week and recording four consecutive all-time highs. The cryptocurrency reclaimed the crucial $1,000 barrier last week, transforming it into support and setting the stage for the current rally. This breakthrough marks a significant milestone for BNB, which had been confined to a $200-$700 trading range since 2021 before finally breaking out during its massive Q3 rally.

On Tuesday, the altcoin jumped 7% to hit a new record high of $1,330, achieving a market capitalization of $182 billion. According to CoinGecko data, this performance propelled BNB past both Tether (USDT) and XRP, establishing it as the third-largest cryptocurrency by market capitalization, trailing only Bitcoin (BTC) and Ethereum (ETH). The rapid ascent has caught the attention of market analysts, with many suggesting that BNB’s end-of-year bull run may be just beginning.

Market analysts are increasingly optimistic about BNB’s trajectory following its breakout performance. Analyst Ali Martinez had previously identified the $1,000 level as critical support, predicting that maintaining this threshold would trigger a 30% rally toward $1,300. With BNB reaching and surpassing this target, attention has shifted to even higher price objectives.

Analyst NekoZ described BNB’s performance as “executing a master class in trend continuation,” noting that the cryptocurrency has demonstrated two key breakouts since July, each followed by significant price expansion. The current setup suggests a potential move toward the $1,500 barrier. Meanwhile, Crypto Patel maintains an even more ambitious outlook, suggesting that continued momentum throughout Q4 could drive another 53% rally toward his second cycle target of $2,000. “You can doubt targets, but not momentum,” he emphasized in his analysis.

The bullish rally has attracted substantial institutional interest, with Nasdaq-listed CEA Industries announcing that its Digital Asset Treasury strategy holdings have reached $663 million in assets. The company revealed it now holds 480,000 BNB tokens as part of its ambitious goal to own 1% of the altcoin’s total token supply by the end of 2025.

According to the company’s Tuesday statement, CEA Industries’ total investment amounts to approximately $412.8 million, with an average acquisition cost of $860 per token. By October 6, the estimated value of their BNB holdings had reached $585.5 million. David Namdar, CEO of CEA Industries, commented on the milestone, stating: “BNB’s all-time highs are a clear validation that the global markets are waking up to the inherent value, credibility, scale, and utility of both the asset and underlying ecosystem.”

The BNB ecosystem has demonstrated strong performance throughout the past few months, with multiple projects built on the network leading in terms of profitability. Recent technological advancements have further strengthened the network’s position. On Monday, BNB Chain revealed it had adopted Chainlink’s data standard to bring official US Department of Commerce data directly to its blockchain.

This development follows last month’s announcement from decentralized oracle provider Chainlink about its collaboration with the US DOC to deliver crucial macroeconomic data from the Bureau of Economic Analysis to ten blockchain ecosystems. Meanwhile, Kazakhstan recently announced the launch of its first crypto reserve, the Alem Crypto Fund, with Binance Kazakhstan as the strategic partner. The fund, aimed at long-term investment in digital assets, made BNB its first investment, signaling growing institutional acceptance and international expansion of the BNB ecosystem.