How high can BNB trade this week?
Binance Coin, one of the stars of the crypto world, recently won a big victory in the legal battle of the U.S. Securities and Exchange Commission (SEC). The federal court ruled that BNB's secondary sales were completely legal and its non-securities status was settled.
As soon as the news came out, BNB's price instantly soared 6%. Although it fell slightly afterwards, it still stabilized at a high of $506.
Let's talk about BNB's legal victory. This is a big event in the crypto field! The U.S. court directly defined BNB as not a security. Now, all the previous debates about whether BNB is a security have ceased. This ruling is simply a new milestone in the crypto circle!
The SEC previously included BNB in the list of securities and also involved various accusations of Binance founder Zhao Changpeng. But now, the court said that BNB is not a security, and those doubts about security are naturally smaller.
How did the court rule? Simply put, the SEC failed to prove that people who bought BNB were doing so to make money, not to do anything else. This "Howey Test" is like a legal yardstick. Once measured, you will know that BNB is not an investment contract, not a security!
Now, consumer confidence is leaning towards BNB. Although the price fluctuates a bit, everyone is still optimistic about its future. According to CoinCodex's forecast, by the end of July next year, the price of BNB may soar to $632.57!
This is just a forecast, and the specific direction depends on the market. But in any case, BNB's performance this week is still worth looking forward to. By July 15, it may reach the $546 mark!
Before the big drop, I asked fans to leave and reduce their holdings, and sold some copycats that did not rebound or resist the drop. Those who followed the advice can now rest easy and not panic at all. Old fans all know the three bargain-hunting positions I gave, of which the 56,000 position has been successfully reached, and the second opportunity is coming soon. If you want to catch up with this bargain-hunting train, please borrow the avatar and leave comments 888