The BNB price continues to challenge the wider market trends, reaching a new impressive peak of $ 1,240 to start the week and solidify its status as one of the high performance in the cryptocurrency industry.
BNB Chain is associated with Chainlink
In the last 30 days, the price of BNB has registered an impressive gain of 41%, promoted in part by a recent collaboration between BNB Chain and Chainlink (Link), called as one of the main suppliers of Oracle in the market.
This association was publicly announced On Monday, on the social media platform X (previously Twitter), where Chrainlink revealed that BNB Chain had adopted its data standard to make official data of the United States Department of Commerce in the chain.
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The data obtained from the Office of Economic Analysis will allow food prices to offer critical macroeconomic indicators directly to the BNB chain.
These indicators include key metrics such as the Gross Domestic Product (GDP), the Personal Consumer Expenses Price Index (PCE) and real final sales to private national buyers.
Bond He states that the availability of these data opens a series of new possibilities for developers, which allows the creation of new types of digital assets, prediction markets that take advantage of transparent economic inputs and markets for perpetual futures based on official government statistics.
In addition, decentralized finance protocols (DEFI) can improve their risk management strategies by aligning them with real world economic conditions.
BNB Price Target raised at $ 1,500
Crypto King market expert has expressed the BNB price trajectory, affirming that the Token is demonstrating a clear trend of ascending impulse.
He identified three important phases: one in July that caused a strong demonstration, a second in September, and the current breakup, which he believes is being built towards new maximums. Crypto King has established an ambitious objective of $ 1,500 for Binance Coin, suggesting that this structural increase is not random.
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However, not all market analysts share the same optimism. Another expert, known as cryptography in X, has issued a warning note, warning That if the current impulse strives, a correction towards the range of $ 700 in December could be on the horizon.
This scenario would imply a possible 43% decrease for the price of BNB, which generated concerns about the technical structure of the token and the probability of a necessary setback before the next significant bullish leg.
In addition to BNB price performance, other cryptocurrencies are also following token leadership. Bitcoin (BTC) has exceeded the $ 125,000 brand, achieving a new record, while Ethereum (ETH) is only 5% of breaking its previous one.
Meanwhile, Chainlink’s native token, Link, remains well below its historical maximum of $ 52.70, currently quoting a little less than $ 23, a gap of almost 57% that suggests space for growth.
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