Is Binance (BNB) the Best Crypto to Buy Now?

Ben Graham · Setembro 24

Binance is a cornerstone of crypto. As long as the exchange dominates, BNB, the native token, will continue to capitalize on market sentiment, thriving amid volatility regardless of broader market conditions. Crypto traders will keep adding leveraged positions even if BTC USD dips below $100,000. This undeniable reality positions BNB crypto as a possible breakout coin in the coming few years. In late September, could the BNB coin be the best crypto to buy right now?

Solid evidence supports Changpeng Zhao and his standout creation, BNB. Just a few years ago, it traded for mere cents. Fast-forward, and despite the impressive growth of Binance and the crypto sector at large, BNB shattered the $1,000 barrier for the first time in September.

On Coingecko, BNB trails the similarly resurgent XRP. Yet unlike Ethereum, Cardano, Solana, Dogecoin, or even top Solana meme coins, BNB crypto is in the green in the past 24 hours and week, up +3% and +5%, respectively. It is even more stable than USDT.

(Source: Coingecko)

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BNB Price Analysis: Will $1,000 Hold? Time To Buy Now?

The ongoing crypto sell-off may stem from investors rushing to lock in profits after the eight-month rally.

Despite this swift pullback, BNB ▼-3.13% is resilient, holding steady above the key psychological level of $1,000.

The BNB crypto daily chart reflects this stability: As the Bitcoin price edged lower yesterday, BNB USD reversed September 22 losses and climbed higher.

Bnb

Price

Market Cap

BNB

$148.25B

24h7d30d1yAll time

If buyers build on these gains and BNB USDT stays above $970, marking this week’s low, there’s a strong chance it could surge past $1,100, propelling BNB crypto to new all-time highs.

Data from Coinglass shows a slight dip in trader confidence, but the overall sentiment leans neutral to bullish. The long/short ratio stands at 1.7 across accounts and 1.2 among top traders, per Binance metrics. Ratios above 1 indicate more buyers than sellers in the BNB market.

(Source: Coinglass)

That said, traders are proceeding cautiously: Trading volume on Binance has fallen -16% in the last 24 hours, to $2.2Bn. This decline echoes across major platforms like OKX, Bybit, and Hyperliquid.

While lower volume raises flags, positive momentum is emerging. Spot exchange inflows have risen over the past 12 hours, signaling genuine demand from long-term buyers rather than speculators.

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Is BNB the Best Crypto to Buy Right Now? Aster, DeFi Driving Demand

The decoupling from Bitcoin marks a pivotal achievement for BNB crypto and Binance as an ecosystem. Most importantly, it underscores Binance’s transformation from a mere exchange into a powerhouse hosting high-profile DeFi protocols.

BNB plays a central role beyond the exchange: It’s the fuel for the BNB Chain, a low-fee and highly scalable blockchain rivaling Solana and Ethereum. On Binance, holders enjoy trading fee discounts; on the chain, it’s used for transaction fees, staking, and yielding attractive returns.

As of September 24, DeFi protocols on BNB Chain oversee more than $7.8Bn in total value locked, a steady climb from nearly $3Bn in late 2023 to over $8Bn on September 21, a nearly +300% expansion.

(Source: DefiLlama)

Over the same period, BNB rallied from under $250 to above $1,000, a +400% gain.

Echoing the 2020–2021 bull run, BNB’s edge today lies not in meme coins, but in DeFi.

At the heart of this DeFi surge are perpetual DEXes booming on BNB Chain. Undeterred by skeptics, developers have replicated Hyperliquid’s model by launching Aster.

Supported by YZi Labs, a firm tied to Binance founder Changpeng Zhao, Aster clocked over $584Bn in total perpetual volume.

(Source: Aster)

This growth is monumental for a protocol whose token launched roughly a week ago, on September 17.

While Zhao’s endorsement propelled the DEX’s TVL, ASTER prices have been soaring ever since, rising by over +1,900% in just a week.

The impact of Aster on BNB crypto has been both immediate and profound.

Thing is: Every trade on Aster boosts BNB demand, accelerating token burns that enhance its deflationary mechanics. If this trend continues, and perpetual DEXes become the future, it would solidify BNB as the best crypto to buy now.

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