Binance’s BNB token is outperforming the top 100 projects in the weekly charts. The asset has rallied 13.3% in the daily charts, 24.3% in the weekly charts, 6.1% in the 14-day charts, and 3.6% over the previous month. BNB’s price has also risen by 119.4% since February 2024.

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Binance Coin Dominates The Charts

The latest rally could be due to rumors about Binance selling most of its Bitcoin (BTC) and Ethereum (ETH) holdings to buy BNB. It was later found that the exchange was not selling its assets. The confusion was due to an adjustment in the company treasury’s accounting process.

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BNB’s rally could also be due to the market picking up steam after its dip on Feb. 12, 2025. Bitcoin (BTC) fell below $95,000 on Wednesday, Feb. 12. BTC’s dip brought down the prices of other assets. BTC has since recovered the $96,000 price level. The dip may have been due to macroeconomic uncertainties. The Federal Reserve has taken a hawkish stance with its monetary policy for 2025. The Fed is also yet to announce an internet rate cut.

Can The Asset Hit $800 Next?

Binance’s BNB coin hit an all-time high of $788.84 on Dec. 4, 2024. The asset has fallen by more than 10% from its peak. Despite the drawdown, BNB is expected to climb to new highs this year.

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CoinCodex anticipates BNB to continue rallying over the coming months. The platform predicts BNB to breach the $800 mark on Apr. 6, 2025. The platform anticipates the asset to continue rallying to a new all-time high of $1048.90 on May 3, 2025. Hitting $1048.90 from current price levels will entail a rally of about 46.38%.