Binance Coin (BNB) has established itself as the most bullish large-cap cryptocurrency. In fact, it is the only major that is in the green over the past week, up by 2.3%.
The BNB price hit a new all-time high of $1,083 on Sunday, hitting the $150 billion market capitalization for the first time.
Despite the broader market crash, the token price continues to hold above key resistance levels, making it one of the best cryptos to invest in today.
Notably, crypto exchange coins are currently outperforming the broader market, as evident by the rallies in BNB, Hyperliquid and Aster. While these still remain attractive investments, low-cap alternatives in the sector are gaining major traction among those searching for higher returns.
For instance, the Best Wallet Token (BEST) is being viewed by many as the next 10x investment and has already raised over $16 million in its ICO.
Binance Coin is currently one of the most bullish crypto assets on the market, and there is no indication that this will change any time soon.
Binance Chain’s rapidly growing ecosystem is giving fresh legs to BNB’s rally. Just this week, the $1.6 trillion Franklin Templeton has expanded Benji, its tokenization platform for money market funds, to the BNB Chain.
Similarly, the stablecoin supply on the network hit a new multi-year high of $12.5 billion, a clear sign of growing mainstream and institutional adoption.
The success of BNB-based projects like Aster is also bullish for Binance Coin.
Prominent analysts remain highly bullish on BNB’s upside potential.
For instance, popular trader Sarper Önder has applied Elliott Wave analysis across multiple timeframes, from the 2-day chart down to the 1-hour, and argues that the asset still offers one of the best risk-reward setups in the market.
In the 2-day timeframe, Önder predicts that the BNB price could replicate its late 2020 rally and hit $24,500 in the long term.
In a shorter timeframe, analyst Ali Martinez expects the asset to continue its ongoing uptrend and reach the $1300 mark.
However, sidelined investors should exercise patience rather than blindly buying BNB at its current price.
Owing to the broader market bearishness, the token price is retesting its recent breakout from the ascending wedge. A successful retest would be a massive buying signal, while a breakdown below could trigger a larger pullback.
BNB’s on-balance volume (OBV) is also at a resistance, which also suggests that a short-term pullback could be imminent.
Crypto exchange tokens are in strong demand, with BNB, Aster, and Hyperliquid outperforming the broader market and expected to maintain momentum.
The Best Wallet Token (BEST) has quickly become one of the most talked-about new assets in the sector, raising more than $16 million in its presale.
BEST powers the Best Wallet app, a multi-chain, anonymous, and non-custodial wallet that has already delivered eye-catching growth: over 200,000 monthly active users and a 630% month-over-month surge in installations.
The project targets a 40% share of the non-custodial wallet market by 2026, giving BEST holders direct exposure to that upside.
Indeed, Best Wallet has several advantages over legacy products like MetaMask. For starters, it is a multi-chain wallet and will soon offer support for 60-plus chains.
Besides, it aims to be an all-in-one crypto trading hub, featuring its own derivatives trading platform, NFT gallery, crypto debit card, in-app crypto news feed and a staking aggregator. Its “upcoming tokens” feature is already highly popular as it allows investors to buy the trendiest coins in just a few clicks.
Once again, BEST holders will enjoy attractive perks within the ecosystem, including low transaction fees, high staking rewards and more.
Considering its low market cap and high upside potential, BEST is one of the best crypto exchange tokens to buy now, with the early buyers eyeing up to 10x returns.
Visit Best Wallet Token Presale
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