Binance Coin (BNB) News: Binance Coin Price Reaches All-Time High Above $ 400
At the beginning of 2021, the token was trading at $ 38. In four months, it has risen in price by 955%
Binance Coin has renewed its all-time high at $ 401. Over the past week, the Binance exchange token has risen in price by 52.4% (from $ 263). This happened against the backdrop of an increase in altcoin quotes. Over the same period, Ethereum showed an increase of 15.4% (from $ 1.84 thousand to $ 2.12 thousand). Over the past day, the XRP token has also risen in price by almost 50%.
The capitalization of Binance Coin, according to CoinGecko , reached $ 59.4 billion. The token ranks third in the ranking of the largest cryptocurrencies in terms of capitalization. It is noteworthy that at the beginning of 2021 it was trading at $ 38. In four months, the token has risen in price by 955%.
Also, the upcoming token burn, which is scheduled for April, could affect the value of Binance Coin. The previous round of burning was a record one. In January, 3.62 million BNB were burned (approximately $ 165.7 million). BNB tokens will continue to be burned once a quarter until 50% of the issue has been burned.
Binance Coin can be used to pay trading commissions on the Binance Exchange, as well as when conducting Exchange Offerings (IEOs) on the Binance Launchpad. One of the reasons for its multiple growth in 2021 is the development of the Binance Smart Chain network, which bypassed Ethereum in the number of daily transactions.
Previously, Binance has appointed former leaders of the Financial Action Task Force on Money Laundering (FATF) to the position of Compliance and Regulatory Advisors. Also in March, the platform announced that Max Baucus, a former US Senator from Montana and a member of the US Democratic Party, had become its adviser.
Binance Coin (BNB) News: Binance Coin Technical Analysis
BNB Price Prediction
The overall future of Binance Coin looks bright as this asset is associated with the most successful cryptocurrency exchange in the times when cryptocurrencies get popular and sustain value better than many fiat currencies affected by the financial crisis which is not going to end very soon.
2020th was a good year for Binance. Finally, its price is close to the all-time-high. The huge token burns made the value of each remaining coin much higher and the new accelerated burn company is going to execute soon will probably get the coin to the next level. Moreover, cryptocurrencies became more attractive for people in the wake of the pandemic-related financial crisis. By Q2 of 2021, all these factors combined will drive the BNB token price to the mark of $50 by the most pessimist estimation.
As the next few years will be crawling out of the shadow of the economic crash of 2020, the cryptocurrency market will be rising against the fiat money market. We will say it again — the success and growth of the cryptocurrency market automatically mean the success of the Binance exchange’s native token. Binance is not likely to lose its market dominance (or at least significance). The very fact that the company provides both centralized and decentralized platforms strengthens its potential.
More people affected by the crisis will turn to cryptocurrencies and will probably start with the established brand which is Binance. BNB token makes the use of Binance cheaper and more comfortable. These circumstances don’t leave a chance for the BNB price to drop. This price will keep on rising. By the end of 2023, the price will double compared to the price it had at the end of 2020 at worst. We believe the value will reach $64 at the minimum but most probably it will surpass the $70 level.
If Binance survives and keeps its relevance until 2025, the price of its token will become even higher. By that time it may rise x10 or even x100 compared to a current price. It’s hard to predict it because we cannot be sure that the USD will preserve its strength by 2025. If the dollar weakens the value of Binance Coin in USD can get really high. Nevertheless, by 2025 there can emerge some new hardly predictable circumstances that can slow the token’s price growth down.
Where to Buy Binance Coin (BNB)?
You can buy Binance Coin from BINANCE easily or try one of below. Here are Binance Coin (BNB) prices in real time on different exchanges and on Binance Coin (BNB) chart.
You can find Binance Coin (BNB) price marked as red and Binance Coin (BNB) price marked as green. Also you can see Binance Coin (BNB) arbitrage possibility percentage marked as ‘%’.
Binance Coin Arbitrage Price Prediction and Technical Analysis Prediction 2021-2022
BNB to BTC : buy Binance Coin on southxchange (0.00697745) and sell on yobit (0.0078) | arbitrage : 10.55%
BNB to USD : buy Binance Coin on southxchange ($375.000) and sell on wazirx ($419.135) | arbitrage : 10.53%
Binance Coin (BNB) Price Prediction and Technical Analysis Prediction 2021-2022
BNB Live Price : $399.988 / 0.00702814 BTC
Market Cap : $61,492,537,637
Available Supply : 154,533,652
24h Volume : $6,887,454,522
Algorithm : BEP-2
Rank : #3
Coin Start Date : June 27, 2017
All-time High (ATH) : $412.45
All-time High (ATH) Date : April 07, 2021
Binance Coin (BNB) Chart By Tradingview.com
Technical Analysis Of Binance Coin (BNB)