Binance’s BNB coin breached the $1000 mark for the first time earlier this year. The asset went on to hit an all-time high of $1,369.99 on Oct. 13. However, the last few months have been extremely bearish for the crypto market. BNB has fallen by more than 35% from its October peak. According to CoinGecko data, the asset is down 2.1% in the last 24 hours and 10.2% over the previous month. However, despite the dip, BNB has rallied 6.7% over the previous week, 3.5% in the 14-day charts, and 23.1% since December 2024. BNB is currently facing substantial resistance at the $900-$904 price level. In this price prediction article, let’s discuss if Binance’s BNB coin can reclaim the $1000 mark later this month.

BNB Price Prediction: Is $1000 In The Cards This December?

BNB last traded above the $1000 mark on Nov. 11. The asset has since struggled to gain momentum. However, the tide may change for the crypto market over the coming weeks. There is a high chance that the Federal Reserve will roll out another interest rate cut after Wednesday’s Federal Open Market Committee (FOMC) meeting. Another rate cut could trigger a market-wide rally. BNB could hit the $1000 mark once again if rates are reduced.

Many financial institutions, such as Grayscale and Bernstein, anticipate Bitcoin (BTC) to hit a new all-time high in 2026. Analysts claim that BTC may have broken away from its 4-year cycle and may be following a 5-year cycle instead. This could mean that the original crypto will climb to a new peak next year. BTC hitting a new all-time high could lead to BNB following a similar trajectory.

Also Read: Bernstein Predicts New Peak For Bitcoin: Bull Run Far From Over

Additionally, ETF inflows are expected to rise over the coming months. BNB’s price could benefit from high ETF inflows.