BNB continues to be the standout performer among large-cap cryptocurrencies, hitting a new all-time high of $1,350 on Tuesday.
It has now also flipped XRP to become the 3rd largest cryptocurrency, with a market capitalization of $180 billion.
However, speculation regarding BNB’s cycle top has started, with some holders already taking profits and pivoting to low-cap altcoins for higher returns.
For instance, Lookonchain reveals that a trader flipped 5 BNB ($5,766) to invest in a new Chinese meme coin, 币安人生. Just 2 days later, his investment is worth over $1.3 million.
Even as experts predict the BNB price to peak anywhere between $1,500 and $2,000, investors may want to rotate part of their exposure into high-beta plays in the BNB ecosystem like PancakeSwap, Floki, and Bitcoin Hyper.
BNB Price Prediction: How High Can It Go?
The BNB bull run is continuing in full force.
The token broke out of an ascending wedge and then successfully retested the breakout level last month. As a result, the BNB price is already up by nearly 35% in October, hitting a new all-time high of $1,350 on Tuesday.
Notably, BNB has delivered the strongest year-to-date performance among the top 10 cryptocurrencies, surging over 92% from its yearly open. It has now flipped both Tether and XRP to become the 3rd largest crypto asset.
The surging global liquidity, the Fed’s interest rate cuts, the rise of ecosystem projects like Aster, and Binance co-founder Changpeng “CZ” Zhou’s bull posting are playing a key role in BNB’s parabolic rally.
However, both holders and sidelined investors are now wondering just how high the altcoin can go.
Prominent analyst Crypto Patel, who entered the BNB trade at $500, predicts that the price will hit at least $2,000 and could even peak at $3,000 in this bull cycle.
However, others are signalling that the BNB price could peak at $1,500, at least for the short term.
Indeed, the token has formed a bearish divergence with both its Relative Strength Index (RSI-14) and on-balance volume (OBV) in the daily timeframe. While this doesn’t necessarily signal a cycle top, a short-term correction could be incoming.
Even worse, the BNB price has formed a bearish divergence with its RSI in the weekly timeframe, and potentially even in the monthly timeframe as well.
All isn’t lost for the bulls just yet. In strong uptrends, high-demand tokens often defy bearish RSI divergences and sustain momentum longer than expected.
Moreover, the BNB/BTC trading pair has just invalidated its bearish head-and-shoulder pattern and could see another 13% growth back to its 2021 high.
However, existing holders may want to book partial profits while keeping a small moon bag in case the rally extends further. Meanwhile, sidelined investors should avoid entering BNB at all-time highs and instead look toward high-beta plays and emerging altcoins within the BNB ecosystem.
Best BNB Beta Coin To Buy: HYPER Could Be The Next 100x Crypto
Among the large-caps, PancakeSwap (CAKE) and Floki are the two top BNB beta coins. For instance, the CAKE price is up by 12% over the past 24 hours, boosted by BNB’s new all-time high.
Similarly, Floki appears poised to break out of a multi-year descending resistance, which could result in a rally to a new all-time high.
Among the mid-caps, $4 and $GIGGLE have emerged as standout meme coins in the BNB ecosystem.
However, Bitcoin Hyper (HYPER) is establishing itself as the best low-cap crypto in the BNB ecosystem.
Being the newest BTC layer-2 coin, it is primarily a beta bet on Bitcoin. However, being a multi-chain asset, it is also a part of the BNB ecosystem, and holders can swap their $BNB coins to buy HYPER directly during its presale.
The Bitcoin Hyper has already raised over $22 million in presale funding, thanks to its strong demand among whales. Just this Monday, a whale wallet swapped over 58 ETH for HYPER, worth nearly $275k, in a single transaction.
Another whale purchased over $500k worth of Bitcoin Hyper in 3 transactions, and yet another investor bought over $300k worth of HYPER last week.
Unsurprisingly, prominent analysts are bullish on Bitcoin Hyper’s upside prospects, with early buyers eyeing up to 100x returns.
Visit Bitcoin Hyper Presale
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