BNB Price Prediction as The Binance Token is 10% Away From A New All-Time High – Time to Buy?
The BNB price has dropped by 1.5% today, with its fall to $610.69 still leaving it only 10% away from its all-time high of $686.
It set this record high back in May 2021, yet with the market riding growing bullishness as a result of Ethereum ETF hopes, BNB could easily set a new high in the next few days.
The alt is up by 5% in a week and by 95% in a year, and with Binance remaining the biggest crypto-exchange in the market by volume, the coin is likely to attract demand for a while yet.
This could mean that, once ETH ETF approvals arrive today, BNB could launch another rally, while in the longer term rate cuts could propel it even higher towards the end of 2024.
