The Binance Coin (BNB) price is holding steady above $700 and a chart pattern suggests potential gains up to $1,155 in the near future. Three key catalysts are expected to push BNB higher in the first quarter of this year. The network continues to burn tokens, reducing the total outstanding coins. In addition, the Binance Smart Chain ecosystem is performing well, with a large number of active addresses, significant total value locked, and growing volume on its DEX protocols. Finally, BNB has strong technicals, with a cup and handle chart pattern indicating a potential target price of $1,155, 63% higher than the current level.



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