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There Are 3 Reasons This Altcoin Will Be 1000 Dollars.
Despite today's and previous declines, the BNB Coin price has managed to remain strong. Even though it fell below $600, BNB Coin did not move far from the $600 price while most altcoins rushed to the bottom supports. The price, consolidated between $ 500 and $ 620, was ready to run to the top with the wind behind it for the new ATH, if the big drop in March 20 had not occurred. However, the fluctuation in BTC price changed things.
BNB Coin is targeting $800-1000 for the new top and it has 3 important supporters that make this top meaningful.
This is the first reason. There is a giant like Binance behind the altcoin and it is still the largest exchange in the world in terms of transaction volume. Moreover, since the problems with the USA have been largely resolved, structural risks have also decreased. There has been no negative impact since the November agreement. Not many people seem to care that #Binance CEO Changpeng Zhao received a four-month prison sentence and the exchange paid a $4.3 billion fine
Total value locked (#TVL ) on the Binance Chain network increased from $4.99 billion to $6 billion on April 30, reflecting strong interest. The rapid increase in the total value locked on BNB Chain also shows why the BNB price remains strong. Although hype altcoins such as SOL Coin do not see token price growth in direct proportion to TVL, there is bubble in the price. This may be much more limited in BNB
BNB Chain hosts 5,315 DApps, an 8% increase compared to last week. In other words, along with investor interest, the interest of developers is also strong.
The third reason for the rise is the bullish pennant shared by World of Charts. According to him, this formation targets a new peak up to $ 1000. Another analyst, Captain Faibik, says that we are approaching the breaking point of the big upward rally and we can see a 40 percent increase.
The 610 and 650 dollar areas are the upper trend line of the pennant. If these levels are exceeded, larger peaks can be targeted with 690 and 800 dollars
