Inasmuch as Binance Coin (BNB) has rallied more than 18% over the past 6 months, trading at approximately $734 on October 15, 2026, crypto traders are convinced that this cryptocurrency could reclaim $1,000 by the end of this year.
As of Friday, at the time of reporting, crypto traders had set an 18% chance that BNB price could hit $1,000 by December 31, according to data Finbold analyzed from Polymarket, a leading decentralized prediction market platform.
Despite the $1,000 target recording a traded volume of $44,988, the 18% likelihood of BNB rallying more than 36% in the next 76 days capitulated 46% over the past 24 hours. As a result, the conviction for this cryptocurrency rallying remained higher despite the probability capitulating.
Meanwhile, these predictors had pegged the odds at 42%, down 10% over the past 24 hours, for Binance Coin to close this year trading at $650. At press time, the $650 BNB price target for December 31 had a reported trading volume of $1,667, thereby signaling less belief in further capitulation.
Consequently, more money is betting on BNB price surging to $1,000 by the end of this year compared to $650, despite the odds of a rally being lower than those of further correction.
BNB price performance on Friday
Even though BNB is heavily incentivized by the Binance ecosystem, the altcoin plummeted by roughly 37% over the past 12 months. As such, the crypto asset had a market capitalization of $97.75 billion at the time of publication, based on metrics from CoinMarketCap.
With BNB having signaled a potential renewed uptrend, crypto traders are betting more on a rally to over $1,000 by the end of this year.
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