BNB Coin Takes Hit And Will It Fall Further?

BNB, the native coin of the Binance exchange, is experiencing a dip today, dropping by 2.95%.

As it stands, the BNB pair is trading at $592.5, marking a 1.90% decline from previous levels.

This movement has caught the attention of analysts, who are now predicting a further downward trend for the coin.

Currently ranked No. 4 in the cryptocurrency market, BNB boasts a market cap of $87.52 billion (approximately ₹7.3 trillion) and holds a market dominance of 3.72%.

The circulating and total supply of BNB is 147.58 million coins, maintaining consistency in its availability since its issue date on July 8, 2017.

From its modest launch price of $0.15 (around ₹12.51), BNB has seen significant growth, reaching an all-time high of $720.6726 (about ₹60,104.0949) on June 6, 2024.

However, it has also experienced lows, with the lowest price recorded at $0.096 (roughly ₹8.0155) on August 1, 2017.

The data presented, sourced from CoinMarketCap, indicates potential volatility in the near term.

While BNB has demonstrated substantial growth since its inception, today's dip signals a cautionary period for investors.

Analysts suggest monitoring the market closely as the coin could see further declines in the short term.

The information provided is for informational purposes only and comes with no representation or warranty of any kind.

As always, investing in cryptocurrencies carries risks.

---

Risk Warning: Cryptocurrency trading involves significant risk and may result in the loss of your capital.

You should not invest more than you can afford to lose and should ensure you fully understand the risks involved.

Literally Binance have stopped promoting my articles😈, so now I will post 100 articles and posts in a day. so make sure to follow me.☺️

#Top50Coin #june2024 #crashthemarket #WhalesBuying #ETHETFsApproved $BNB