Binance Coin (BNB) is a leading cryptocurrency that is making steady progress. The coin has gained 5% in the last week and is trading at $614. With the current bullish momentum in the market, some well-known cryptocurrency analysis platforms have made new predictions for the coin based on the current market movement and speed.
According to CoinCodex, if BNB continues to take advantage of the market’s bullish phase, it could achieve key price milestones in June, including heading towards a new ATH.
Binance Coin or BNB June Forecast
BNB is the core token of the Binance cryptocurrency exchange and has come a long way since its inception in 2017. Since then, the token has been serving the exchange by providing various functions, including helping users enjoy Binance discounts when trading with BNB coins.
According to CoinCodex, BNB could surge 19% to reach a new price level of $700 by June 20. As Bitcoin steadily rises towards $70,000, the altcoin market is expected to respond accordingly, bringing excellent price value to market traders.
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“According to our current BNB price prediction, the price of BNB could rise by 19.54% to $735.81 by June 22, 2024. According to our technical indicators, the current market sentiment is bullish, while the Fear & Greed Index shows 76 (Extreme Greed). BNB has recorded 14/30 (47%) green moves in the past 30 days, with a price volatility of 2.44%.”
Binance Coin is also expected to rise by 4% and trade at $652 by May 30, 2024, according to CC.
“The Binance Coin price prediction for the next 30 days is based on the predictions of both positive and negative trends. According to these Binance Coin predictions, BNB could trade at $652.81 on May 30, 2024, gaining 6.05% in the process.”
How will BNB end 2024?
The year 2024 will forever be known as a special year for the entire cryptocurrency market. The vertical recorded a bull phase in the market, driving Bitcoin and altcoins to new price highs. This wave also helped BNB cross key price markers, gaining further traction.
According to CoinCodex, BNB could trade at $1,025 by the end of 2024.
“Binance Coin is likely to trade in the range of $614.53 to $1,025.59. If the higher price target is achieved, BNB could surge by 66.85% to $1,025.59.”
