The Binance ecosystem is leading the Pumptober rally, with BNB hitting a new all-time high on Friday.
After confirming a breakout from an ascending wedge, a textbook bullish continuation pattern, the token surged as high as $1,180, with momentum suggesting further upside.
Meanwhile, PancakeSwap (CAKE) is amplifying the BNB move, climbing nearly 50% since October began and emerging as the top gainer among the top 100 cryptos over the past 24 hours.
Both BNB and CAKE are poised for a bullish continuation, with Aster and Floki set to explode next.
New crypto projects tied to the BNB ecosystem are also in high demand. For instance, the viral Bitcoin Hyper (HYPER), which allows investors to join the presale with BNB, has already raised over $21 million on strong whale demand. Many are now viewing it as a potential 10x play this year.
BNB Price Prediction: Is It A Better Large-Cap Investment Than Bitcoin?
Despite being one of the most underrated altcoins, BNB has posted the highest gains of any top 10 cryptocurrency year-to-date, outperforming the likes of Bitcoin, Ethereum and Solana.
BNB recently broke out of an ascending wedge, retested the breakout level and is now pushing higher.
Crucially, its on-balance volume (OBV) has also broken out of a key resistance, which confirms the uptrend and invalidates potential fakeout scenarios.
Prominent analysts remain bullish with their BNB price predictions.
NikoZ states that BNB is ready for another aggressive expansion following its latest breakout, projecting it to hit $1500 in the coming weeks.
Meanwhile, analyst Crypto Tony projects that Binance Coin could peak around the $1,350 level. For BNB holders, this may be a logical zone to start scaling out of positions, locking in partial profits while still leaving a moon bag to ride potential further upside.
Sidelined investors should also invest in beta plays like PancakeSwap, especially with BNB’s overbought RSI in the daily, weekly and monthly timeframes.
PancakeSwap Price Prediction: How High Can CAKE Go?
PancakeSwap is the top decentralized exchange on the Binance Smart Chain, making CAKE the perfect beta play on BNB.
The CAKE price is up by nearly 50% in October, trading as high as $3.70 on Friday. And yet, experts believe that it is one of the most undervalued investments in the crypto market.
For starters, it is still trading over 90% below its all-time high of $44. Moreover, unlike BNB, its weekly and monthly Relative Strength Index (RSI-14) are far from overbought.
Experts also highlight how PancakeSwap has recorded higher trading volume and fees over the past 30 days as compared to Uniswap. Yet, CAKE has a market cap of just $1.23 billion, 4.25x lower than UNI’s $5.23 billion.
A growing number of analysts are now predicting that the Pancake price will hit $8 in the mid-term and $20 in the long term.
Is Bitcoin Hyper The Next Crypto To Explode?
Smart money investors are accumulating low-cap gems in the BNB ecosystem, and Bitcoin Hyper has emerged as a standout choice for the next crypto to explode.
Being the newest Bitcoin Layer-2 project, HYPER is primarily positioned as a beta play on BTC. At the same time, the project is also tied into the BNB ecosystem, since it allows BNB holders to swap their tokens directly into the presale.
Bitcoin Hyper is powered by the cutting-edge Solana Virtual Machine as well as state-of-the-art zero-knowledge architecture.
The project aims to bring the programmability, scalability, and performance of modern blockchains into the Bitcoin ecosystem, positioning it as a hub for DeFi apps, payment protocols, and the next wave of meme coins.
Notably, the top layer-2 coins tend to reach multibillion-dollar valuations. Even Bitcoin’s Stacks (STX) reached a peak market cap of over $5 billion.
Unsurprisingly, whales are aggressively stacking HYPER. Just today, a whale wallet swapped 124 ETH for Bitcoin Hyper, worth over $560k. Recently, another whale purchased over $310k worth of HYPER in a single transaction.
With such strong demand, it is no surprise that the project’s presale has raised over $21 million in short order. Many experts are viewing it as a potential 10x play, especially with its small market cap.
Visit Bitcoin Hyper Presale
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