Is Binance Coin on its way to becoming 2 dollars?

The cryptocurrency market is attracting investors' attention as it reaches record levels with the "Uptober" effect. According to CoinGecko data, the leading cryptocurrency Bitcoin, trading in Asian markets with a transaction volume of approximately $50 billion in the last 24 hours, reached a new record by hitting its all-time high of $125,506. With this historic rise, Binance Coin also joined the rally.

Binance Coin, or BNB, reached its highest value in history at $1,190 on October 4. With over a 19% increase in the last 7 days, expectations among investors for Binance Coin have begun to form around $2,000. Trading slightly above $550 on April 8, BNB is currently trading at $1,162 at the time of writing this article.

In terms of price predictions, optimistic scenarios suggest that Binance Coin could be valued between $1,500 and $2,000 within the next 12 months. However, if bearish market conditions come into play, predictions may remain in the $600-900 range, while under stagnant market conditions, the BNB price forecast is expected to be between $1,000 and $1,400. Binance Coin is seen as a safe haven due to showing much less volatility than meme coins, and investors are thus turning to BNB alternative coins that have a higher potential for profit.

After Bitcoin made its all-time high (ATH) by surpassing the $125,000 threshold, the presale of Bitcoin Hyper token has gained momentum. Funds raised from investors wanting to buy Bitcoin Hyper token have exceeded $21.6 million. This rapid presale is raising expectations for the CEX and DEX launches that will take place after the event. Investors aim to solve Bitcoin’s major issues like speed and scalability with Bitcoin Hyper token.

On the other hand, the PepeNode token, which draws attention with its claim of a 1000% value increase, continues to stir the markets. Investors are lining up to invest in PEPENODE token with balances exceeding $1.6 million during the presale event. This token allows for mining while eliminating the need for physical hardware, thus offering the opportunity to be part of a decentralized economy.