BNB's price has surged by 5% to $614 and could potentially reach $700, leveraging the current bullish market sentiment, according to crypto analysts. June is expected to be a particularly profitable month for BNB, possibly setting a new all-time high.

Initially introduced as a central coin to bolster the Binance exchange in 2017, BNB has evolved to serve various functions, including facilitating discounted transactions on Binance.

Forecasts suggest a substantial increase in BNB's price in June, aligning with Bitcoin's rise to $70,000. Predictions indicate a potential 19.54% increase to $735.81, with overall optimism despite considering both favorable and unfavorable factors.

BNB's recent upward trend of 47% over the last month further supports positive projections, potentially leading to a trading price of $652.81, indicating a 6.05% rise.

The broader crypto market, including altcoins like Bitcoin and BNB, appears promising this year, with potential for BNB to reach $1,025 by year-end.