The Binance Coin price has surged and is nearing its all-time high as demand for the token jumps. BNB jumped to a high of $720 on Thursday morning, about 10% below its all-time high of near $800.

PancakeSwap, Thena, and Venus prices are soaring

The BNB price surged this week as ecosystem data show that the most of its tokens were in a strong uptrend. 

PancakeSwap, one of its biggest ecosystem tokens soared to a high of $3.40, its highest level since December 13, and up by almost 200% from its lowest level this month.

Thena price soared by over 77% in the last 24 hours to $0.8464, while Venus token jumped by 40% to $8.83. Other top players in the ecosystem like Dodo and Lista DAO continued soaring by double digits. 

This rebound happened as the BNB ecosystem continued doing well. For example, PancakeSwap had a seven-day volume of $20.2 billion, higher than popular DEX networks like Raydium and Uniswap. It has handled over $1.02 trillion in volume since its inception, 

Thena also had a high volume as it handled over $872 million of these tokens, bringing its cumulative volume to $28 billion. Uniswap’s volume on BNB Chain more than doubled to $538 million, while Dodo and Woofi saw a strong performance.

These numbers mean that the BNB network is doing well, a move that may lead to higher fees in the network. 

The Binance Smart Chain has a total value locked (TVL) of over $5.6 billion, a 11% increase in the last seven days. Its bridged TVL has jumped to over $12.9 billion, while the stablecoin assets moved to about $7 billion.

These networks make BNB one of the industry’s biggest chains. Most notably, unlike Solana, it has not been boosted by meme coins since its network has just a few meme tokens. 

The BNB network will also benefit from the upcoming Tapswap airdrop that happens on its network on Friday. 

Binance Coin token burns

The other potential catalyst for the BNB price is the fact that it is a highly deflationary token. It achieves that by having two burning mechanisms. The real-time token burn happens when part of the fees is incinerated. This burn typically burns tokens worth almost $1 million a week, which has brought the cumulative total burns to $180 million. 

BNB also has the quarterly burn that is determined by the number of blocks produced each quarter. This mechanism normally burns tokens worth over $1 billion a quarter. 

Altogether, Binance Coin hopes that it will reduce the number of tokens in circulation from 144 million to 100 million. 

A combination of higher network fees and token burns means that the staking yield will keep on rising. The yield has jumped to 16.4%, making it higher than US government bonds and the popular Schwab US Dividend Equity ETF. 

In a note to Invezz, an analyst at TapRot said:

“BNB is one of the most underrated coin in the industry. It is highly uncorrelated with Bitcoin, and its ecosystem is thriving. It has strong technicals and fundamentals that may push it much higher in the coming months.” 

Read more: 4 reasons the Binance BNB price will surge to $1000 soon

BNB price forecast

Binance coin price chart by TradingView

The BNB price has some of the best technicals in the crypto industry. It has risen to $715, up by over 40% from its lowest point this month. 

The coin has fomed a cup and handle pattern, a popular bullish view. It has also remained above the 50-week and 100-week moving averages, a sign that bulls are in control for now.

Therefore, by measuring the cup’s depth, we can assume that the token will eventually jump to over $1,000 in the coming weeks. A rise to $1,000 would point to a 41% jump from the current level.

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Crypto prices bounced back this week even after the US published strong inflation data, raising concerns that the Federal Reserve will maintain higher interest rates for longer. Bitcoin price held steady above the support at $96,000, while the total market cap of all coins jumped to over $3.2 trillion. This article explores some of the top coin predictions like Floki, Quant, Jito, and Sui.

Floki price forecast

Floki, like other meme coins, has crashed by double digits in the past few months. It has fallen from $0.0003482 in June last year to $0.00010.

Floki moved below the key support at $0.0001140, its lowest swings since May last year, a sign that bears are in control.

Further, the coin has recently crashed below the 61.80% Fibonacci Retracement point. It has also formed a death cross pattern as the 50-day and 200-day Exponential Moving Averages (EMA) crossed each other.

The Floki token has formed a bearish flag chart pattern, a popular bearish sign. Therefore, the token will likely rise and retest the resistance at $0.0001140 and then resume the downward trend. A break and retest pattern is a popular sign of a bearish sign. The key support level to watch will be at $0.00007133, the lowest swing this month. 

Quant price analysis

Quant is a top crypto player focused on real-world asset (RWA) tokenization. It operates an overledger, an enterprise-grade platform that allows entities to issue and tokenize their assets on any chain. Overledger serves the same purpose as Chainlink’s Cross-Chain Interoperability Protocol (CCIP), with a few differences. 

The RWA tokenization trend is one of the biggest trends in the crypto industry, with assets worth trillions of dollars expected to be tokenized.

The Quant token price dropped and bottomed at $73.26 last week. It then rebounded and is approaching the psychological point at $100. Quant remains below the 100-day moving average, a bearish sign. It has moved to the 61.8% Fibonacci Retracement point. 

Therefore, the coin will likely resume the downtrend and possibly retest the key support at $83.20. A bullish breakout will be confirmed if it moves above the 50-day EMA at $101.73.

Jito price prediction

Jito is a top player in the Solana ecosystem that has become highly popular. It is a cash printer that makes millions of dollars each day such that it makes more money than Solana and Ethereum. 

JTO price has remained above the ascending trendline that connects the lowest swings since January 2024. The coin has moved above the 50-day moving average. It has also moved slightly above the bottom of the trading range of the Murrey Math Lines. 

Therefore, the JTO price will likely keep rising as bulls target the ultimate resistance point at $3.90, up by about 30% above the current level. A drop below the strong, pivot, reverse point at $2.7 will invalidate the bullish view. 

Sui price analysis

The Sui token price has rebounded in the past few weeks. It has risen in the last four straight days. 

Its performance is notable since it has moved above the upper side of the falling wedge chart pattern, a popular bullish reversal sign. The coin has moved above the 38.2% Fibonacci Retracement point.

The Relative Strength Index (RSI) and the MACD indicators have pointed upwards, a sign that it is gaining momentum. Therefore, more upside will be confirmed if the Sui coin price moves above the 50% retracement level at $3.89.

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Uniswap price has rebounded in the past few days, moving from a low of $6.9565 last week to near $10 today. UNI token has jumped by over 42% from its lowest point this month, as the Unichain mainnet neared the 1 million transactions. So, what next for the Uniswap coin price?

Unichain growth continued

The Uniswap token price has rebounded in the past few days as the developers unveiled the Unichain mainnet. 

Unichain is the layer-2 network that aims to simplify how the Uniswap network works. It is network that aims to unify all the other chains. Unichain also has substantially lower fees, allowing users to keep most of their money. 

The network also allows many popular developers to launch their networks on it. Some of the top players in Unichain are Morpho, Coinbase, and Lido.

Data by DeFi Llama shows that the top players in the Unichain network are Uniswap, DyorSwap, UCS Finance, and PassDEX. Its total value locked (TVL) in the ecosystem has jumped to over $3 million. 

Unichain has handled over 957,000 transactions since its mainnet launch on Tuesday and handled over 3,206 smart contracts. The number of wallets in the ecosystem has jumped to almost 52,000.

There is a likelihood that the Unichain network will continue to do well in the coming months. Traders will likely continue selecting Unichain because of its interoperability and cheaper fees.

Uniswap is losing market share

The UNI coin price has struggled as it lost market share in the industry. Data shows that PancakeSwap handled over $100 billion in volume in the last 30 days, while Uniswap processed transactions worth $105 billion. Raydium handled over $122 billion in the same period.

These huge numbers mean that Uniswap is losing market share in an industry it has always dominated in the last few years. 

Still, Uniswap continues to generate substantial sums of money in the network. It has made over $171 million this year, making it more profitable than networks like Lido Finance, AAVE, Aerodrome, Sky, and PancakeSwap. 

It has made over $2.3 billion in the last 365 days, making it the fourth-biggest network in the industry after Tether, Tron, and Ethereum.

Uniswap price faces numerous catalysts. The SEC will likely drop its charges against Uniswap, while the SEC may decide to approve a spot UNI ETF. In a note, one analyst said:

“Uniswap is one of the top blue-chip coins in the industry. It has numerous catalysts that could push its price higher in the coming months. Its DEX volume remains high, odds of a spot UNI ETF are rising, and it has strong technicals.”

Uniswap price forecast

UNI price chart by TradingView

The weekly chart shows that the UNI price has moved sideways in the past few months. It rose to a high of $19.13 earlier this year, a notable level because it was along the 38.2% Fibonacci Retracement point.

Uniswap price has formed an ascending, broadening wedge chart pattern. It has also moved slightly above the 25-week Exponential Moving Average (EMA).

A rising broadening wedge pattern is usually a bearish sign. However, the bearish breakdown usually happens after it initially staged a strong breakout. This means that the coin will rise to the 61.8% Fibonacci Retracement point at $30. 

On the other hand, a drop below the support at $4.8 will point to more downside, with the next point to watch being at $3.10, its lowest level in 2022.

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The NatWest share price is surging this year, helped by the growing profits and rotation towards European banks. It has soared in the last five straight weeks, and is hovering at its highest level in 17 years, making it one of the best-performing bank stocks in the UK. So, is NWG a good investment ahead of earnings?

NatWest share price surges ahead of earnings

The weekly chart shows that the NWG stock price has been in a strong uptrend after bottoming at 75.68p in 2020. It has soared to 450p, a 500% surge, transforming it into a $45 billion behemoth. 

The chart shows that the stock has risen in the last five weeks and has remained significantly above the 50-week and 100-week Exponential Moving Averages (EMA). It has moved above the key resistance point at 275.7p, its highest swing in January 2023. 

The Average Directional Index (ADX) has moved to 40, a sign that the stock has a strong momentum going on. NatWest’s MACD indicator has continued rising, signaling that it has a strong momentum.

The Relative Strength Index (RSI) has continued rising and is nearing the overbought level at 72. Therefore, the stock will likely soar as investors embrace the Fear of Missing Out (FOMO) and the trend continues. 

There is a risk that the NatWest share price may drop in the coming weeks as it faces mean reversion. Mean reversion is a situation where a stock or any asset moves drop and approach the 50-week moving average level. 

NWG earnings ahead

The NatWest share price has done well after Barclays released strong financial results. Barclays said that its full-year pre-tax profit rose by 24% to £8.1 billion, higher than the expected £8.08 billion.

The company’s business was boosted by the trading division that benefited from the Trump bump. The company also announced a fresh £1 billion share repurchase program and continued to slash costs across all divisions. 

These results bode well for NatWest, which releases its financial results on Friday. As a recap, the most recent third-quarter results showed that its total income rose to £3.7 billion. Its net impairment slowed to £245 million as the net loans to customers rose by over £8.4 billion.

Analysts anticipate that the net interest income will be £2.9 billion, bringing the full-year figure to £11.2 billion. Its total income will be £3.71 billion and its annual figure will be £14.5 billion. This will bring its profit for the fourth quarter to £965 million. 

Analysts believe that NatWest’s business will do well in the next few years, with its estimated net interest income rising from £12.9 billion in 2026 to £13 billion. This is a notable since the Bank of England (BoE) is expected to continue cutting interest rates in the coming months.

The BoE has already slashed rates three times, and in its meeting this month, it cut them by 0.25%. Low interest rates hurt banks by reducing the net interest margin. In an emailed note to Invezz, an analyst from Wedbush said:

“NatWest is positioned well for growth this year. However, we should be careful of the Bank of England’s policies, potential trade war with the US, and the fact that the British economy is slowing. Competition is also rising, which could hit interest margins in the future.”

However, low rates can also stimulate an economic growth and lead to higher deposits. That’s because investors often move their cash from banks to higher-yielding assets when interest rates rise. This explains why the net income margin of most banks have slowed recently. 

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