While most major cryptocurrencies paused after a week of heavy gains, Binance Coin has kept running.
BNB is now within striking distance of $1,200 after another strong daily performance, extending its weekly climb past 20% and setting traders’ eyes on the next big psychological milestone at $1,300.
What’s fueling the move isn’t only market momentum – it’s Binance’s overwhelming dominance. Data from Q3 shows the exchange pulled in roughly $14.8 billion in net inflows, a figure so large it eclipses the combined inflows of every major rival. The next ten exchanges together barely managed $94 million, highlighting just how deep Binance’s liquidity moat has become.
Analyst Ali Martinez, who’s tracking the rally, believes BNB could continue pushing higher. Futures data appears to back that view: open interest has ballooned to around $2.5 billion, and trading volume has surged by more than 40%. In his view, these numbers reveal that the market isn’t cooling off – it’s preparing for the next leg up.
Binance founder Changpeng Zhao has also helped reignite optimism, reviving the “Uptober” mantra that crypto veterans associate with Bitcoin’s historic 2017 breakout. He pointed out that October has often served as the launchpad for major bull cycles – a narrative that’s spreading quickly through trading circles.
Meanwhile, developments inside BNB Chain itself are strengthening the network’s fundamentals. A recently implemented reduction of the minimum gas price to 0.05 Gwei has cut average transaction costs to about half a cent, making it one of the cheapest blockchains to use. The upgrade is expected to encourage developers to deploy new dApps and incentivize more on-chain trading, cementing BNB’s role at the heart of the ecosystem.
The combination of surging investor confidence, technical improvements, and dominant exchange flows paints a clear picture: BNB isn’t just riding market momentum – it’s becoming the defining asset of this “Uptober” rally.
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Source: https://coindoo.com/bnb-sets-sights-on-1300-as-binance-crushes-rivals-in-q3/