A bullish BNB price prediction is gaining traction after Binance revealed a major partnership with BlackRock, the world’s largest asset manager.
Through this deal, institutional investors can now use their BUIDL fund holdings as collateral to trade directly on Binance, increasing both demand and utility for BNB.
As more traditional finance players explore tokenized assets, BNB could see significant upside in the coming weeks.
This allows them to maintain a yield-bearing asset like BlackRock’s fund, while also ensuring compliance with the standards required by Binance for institutional trading.
In addition, BUIDL is now available on the BNB Chain. This low-cost blockchain is a great alternative for investors as it offers the lowest management fee at 18 basis points – data from Securitize’s official website shows.
Higher usage of the BNB Chain by top tokenized real-world assets (RWAs) like BUIDL favor a bullish outlook for the network’s native asset, BNB.
BNB has managed to stay above $900 despite the latest wave of bearish momentum that the market as a whole has experienced.
It is the only token that has still delivered a positive year-to-date (YTD) return within the top 5, with gains of 30%. Meanwhile, trading volumes have surged by 58% as the token drops by 2%.
BNB Price Prediction: Bulls Keep the Price of BNB Above $900
BNB seems poised to make a strong comeback as it has found strong support at $900 multiple times in the past few weeks.
The 4-hour chart shows that bears charged on this key area of demand again yesterday, but bulls are once again winning the bid.
If the price rises above the 200-period exponential moving average (EMA), which currently sits at $1,000, BNB could fully recover to its latest all-time high before the year ends.
Meanwhile, institutional adoption of the BNB Chain by big financial companies like BlackRock favors a bullish long-term outlook for the token.
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