BNB Price is just 10% away from its previous all-time high, surging 181.79% this year as it continues to display strong market performance. However, recent indicators, including the ADX and Ichimoku Cloud, suggest that the current uptrend may be losing steam.

While the bullish structure remains intact, with key resistances within reach, momentum will need to strengthen for BNB to break its previous all-time high.

BNB Current Uptrend Could Not Last

BNB ADX is currently at 19, down from over 30 just two days ago, signaling a weakening trend. The ADX, or Average Directional Index, measures the strength of a trend on a scale from 0 to 100 without indicating its direction.

Values above 25 suggest a strong trend, while values below 20 indicate a weak or no trend. The decline in ADX suggests that while BNB price remains in an uptrend, the momentum driving it has significantly weakened.

With the ADX at 19, BNB current uptrend appears to lack the strength seen in recent days, indicating a potential phase of consolidation or reduced buying pressure.

For the uptrend to regain strength, the ADX would need to rise above 25, confirming renewed momentum. Until then, BNB’s price may move sideways or face increased resistance in maintaining its bullish trajectory.

BNB Ichimoku Cloud Shows Mixed Signals

The Ichimoku Cloud chart for BNB currently shows a mixed trend. The price is slightly above the Kijun-Sen (orange line) and Tenkan-Sen (blue line), signaling some bullish momentum.

However, the price hovers near the edge of the cloud (Senkou Span A and B), indicating the trend is not decisively strong yet. The green cloud ahead suggests some mid-term support, but its relatively flat nature signals limited momentum in either direction.

For BNB price to regain strong bullish momentum, it needs to break further above the Kijun-Sen and away from the cloud’s edge. If it fails to do so and drops back below the cloud, it could signal the beginning of a bearish trend.

Conversely, maintaining its position above the cloud and seeing the Tenkan-Sen rise above the Kijun-Sen could reinforce a stronger uptrend.

BNB Price Prediction: Will BNB Rise More Than 10% And Reach A New All-Time High?

BNB’s EMA lines currently display a bullish setup, with short-term EMAs positioned above long-term ones. This alignment suggests the uptrend remains intact for now, and if BNB price regains momentum, it could break key resistances at $667 and $687.

A successful breakout at these levels could propel the price toward its previous all-time high of $719.84 and potentially set new records. The EMAs continue to support bullish sentiment as long as the price stays above them.

However, indicators like the ADX and Ichimoku Cloud suggest that the uptrend may be losing strength. If a downtrend emerges, BNB price could retest critical support levels at $603 or even $593.

A drop below these supports could signal a deeper correction, undermining the current bullish structure.

As an industry, blockchain has consistently outperformed expectations. Currently, it’s poised to reach $248.9 billion over the next 5 years, driven by a staggering 65.5% compound annual growth. This explosive expansion stems from the technology’s innate ability to reshape a vast array of industries via the tenets of decentralization, transparency, and security. 

The Potential of Blockchain

A number of key developments have accelerated not just the growth of blockchain, but also its integration into the mainstream. Support from other Big Tech sectors like gaming and fintech has raised the profile of decentralized currencies, in turn bringing the networks that power them to the fore. 

This has made some very significant changes. In the gaming industry, for example, the emergence of new platforms and gaming experiences, from Bitcoin casino websites to play-to-earn titles, has pushed the utility of blockchain as much as it has opened access to cryptocurrencies for the average consumer. Cryptocurrencies have enormous potential when being used in the casino world – not least because of the security boost that they offer – and many enthusiastic gamers have moved toward using these for all sorts of online gaming fun, whether it’s slots, poker, blackjack, or something else. This is just one example of how blockchain is changing industries from top to bottom.

Moreover, the application of blockchain to fintech has given rise to DeFi  – the decentralized finance sector, which is having a revolutionary impact on financial systems across the globe. It’s transforming digital ownership via non-fungible tokens (NFTs) and digital assets. Alongside all that, blockchain is being increasingly integrated into traditional banking methods.

And as a result of such advancements? Well, a diverse set of companies are now harnessing the potential of blockchain — in some genuinely innovative ways. In this article, we’ll explore those heavy-hitting blockchain companies that are pioneering a unique approach to demonstrating the versatility of this technology, underscoring its pivotal role in the future of international business.  

Key Takeaways

• Major blockchain developments include GameFi, decentralized finance (DeFi), NFTs, smart contracts, and integration into traditional sectors like banking and logistics. These trends showcase technology’s ever-growing role in transparency and efficiency. 
• A diverse group of companies is leading blockchain innovation, from computing giants creating new digital asset ecosystems to start-ups focusing on decentralized data management and peer-to-peer transactionality. 
• With blockchain advancing so rapidly, businesses from across all industries can stay competitive by harnessing its potential to establish secure and efficient operational systems. 

Blockchain Companies to Know

Here’s a round-up of the core blockchain companies to know as we head into 2025. While some exclusively operate in the blockchain space, you might recognize a few household names who are leading the charge when it comes to utilizing and advancing blockchain tech. 

RIOT Platforms Inc.

Exchange: Nasdaq

Mining is an essential component of the decentralized ecosystem, being critical to Bitcoin and leading blockchain networks. Riot Platforms has been a top player in the crypto mining space since its launch in 2000, and now offers solutions across engineering and data center hosting. Often rated as a Wall Street Strong Buy, the company maintains investments in Verady, Coinsquare, and Tess. 

Ripple

Known among gamers and traders for the XRP token, Ripple is actually a powerhouse company in the decentralized technology sector. 

Having developed its blockchain network over a decade, Ripple is well positioned as a company delivering products that enable businesses, governments, and financial institutions to tokenize and manage value. Transparency and cost-efficiency are at the center of the blockchain’s offering, which has seen it attract a client base including American Express and BMO. 

Coinbase Global, Inc.

Exchange: Nasdaq

The US’ largest cryptocurrency exchange by trading volume, Coinbase is another multi-faceted blockchain company. It’s got a whole suite of products for retail and institutions. Founded in 2012 by Bryan Armstrong, the company is headquartered in San Francisco and incorporates Coinbase Pro, Coinbase Wallet, and USD Coin. 

Coinbase’s profile has received a substantial boost this year due to playing a crucial role in the brokerage of spot Bitcoin ETFs. 

Binance Holdings Inc

Who hasn’t heard of Binance at this point? Globally recognized, this blockchain ecosystem has developed a comprehensive suite of decentralized products that include the largest digital asset exchange. Founded by Changpeng Zhao in 2017, Binance’s mission is to provide the “core infrastructure services for organizing the world’s crypto.”

Crypto insiders will already be familiar with its currencies: Binance Coin (BNB) and BinanceUSD (BUSD). While it was first launched on the Ethereum chain, BNB has since migrated to the company’s own proprietary network, the BNB Chain, indicating its industry-leading position in the blockchain and crypto space. 

IBM

Exchange: NYSE

The multi-national computing giant is well established in the Big Tech space. For decades, its extensive suite of cognitive solutions and cloud platform have powered industries, enterprises, and individuals across the globe – not a bad record! 

With a 100+ year history in spearheading innovation, IBM has long been at the forefront of pushing the capabilities of human-tech interaction. It’s therefore not super surprising that it’s been one of the largest names to embrace blockchain and now provides extensive solutions to build blockchain systems across a diverse spectrum of industries, from supply chain management to food product sourcing.   

Meme coins are doing well in 2024, helped by the ongoing crypto bull run and the fear of missing out. Pepe coin has emerged to be one of the best-performing cryptocurrencies this year as it jumped by 1,472% from its lowest point in January. This article explores why Pepe may continue rising and why crypto analysts are turning to iDEGEN.

Pepe price has room to rally

Pepe coin has done well this year, helped by the ongoing crypto rally and strong demand from investors. The number of holders has jumped to over 330,000, much higher than 296,000 a few weeks ago, a sign that it has strong demand.

Technicals suggest that the Pepe Coin price has more room to grow in the coming months. On the daily chart, we see that the coin has formed a few bullish patterns that could lead to more gains.

It has formed a cup and handle pattern, which is a popular continuation sign in the market. This pattern is made up of a horizontal line that connects two peaks, followed by a pullback and a rounded bottom. The asset then forms a consolidation, which becomes part of the hand. In most cases, this pattern usually leads to more gains.

Pepe has also moved above all moving averages and has formed a bullish flag candlestick pattern. This pattern forms when an asset forms a vertical line and a rectangle. In most cases, this is one of the most bullish patterns.

Therefore, there is a likelihood that the price of Pepe will bounce back and jump to the year-to-date high of $0.000026, which is about 34% above the current level. A move above that point will signal more gains in the coming months.

On the flip side, a drop below the key support level at $0.00001720 will invalidate the bullish view in the near term.

Investors are piling into iDEGEN

Cryptocurrency investors are moving to iDEGEN, one of the fastest-growing players in the industry. Data on its website shows that it has already raised over $1 million in less than three days, making it one of the fastest-growing players in the industry.

iDEGEN is an upcoming crypto project that is at the intersection of meme coins and artificial intelligence. Unlike other crypto projects, it does not have any knowledge or information prior to being birthed. Instead, it is created to learn new information daily. One of its top advantages is that it reads and responds to all X posts tagging it, including links.

Crypto analysts are bullish on the iDEGEN token because of the ongoing growth of AI coins and the ongoing bull run. Also, digital coins are firing on all cylinders, with most coins being in a strong bull run.

Bitcoin is nearing $100,000, and if this happens, it will likely jump to over $200,000 in the next few months or years. If this happens, new thematic tokens will replicate the rally. Just recently, we have seen several meme coins like PNUT, ACT, and GOAT surge. This means that the iDEGEN token could replicate this performance. Learn more about iDEGEN here and follow it on X here.