Binance, the world’s largest crypto exchange, has held its position despite facing numerous legal challenges. In the midst…

Binance, the world’s largest crypto exchange, has held its position despite facing numerous legal challenges. In the midst of this, the exchange’s native token was seen thriving, Binance Coin (BNB) was among the few assets that managed to reach its peak towards the last month of 2024. The altcoin rose to its all-time high of $793.35 on December 4, 2024. Even though the market has been bullish since then, the community is still awaiting BNB to reach $800. Can May end bring big gains for the altcoin?

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Binance Coin Eyes $700

BNB has witnessed a bullish month, week, and day. The asset’s monthly and weekly gains stand at 13.22% and 3.83%, respectively. At the time of writing, the cryptocurrency stands at $676.32. This comes after the asset surged by 3.71% over the past 24 hours. BNB’s market cap mirrored this rise and is at a high of $95.13 billion.

The Binance market is looking forward to major network development. The community is all set for the Maxwell hard fork. The upcoming hard fork will offer three significant improvements to Binance Smart Chain, according to a recent tweet from Binance Chain. With the BEP-524 update, the current block time will be reduced to 0.75 seconds, or less than 1 second. In addition, BEP-564 will promote more intelligent fetching logic. Lastly, BEP-563 seeks to improve the validator network communications. This could further boost the price of BNB.

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Will The End of May Be Bullish For The Altcoin?

According to data from CoinCodex, the final days of this month could be tough on BNB investors. The asset, instead of touching $700, might dip below $600. On May 27, Binance Coin will trade at a low of $528.64. The highest that BNB will trade at is $658 on the last day of May 2025.

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