Binance founder Zhao Changpeng praises major listing, BNB price to reach $800?

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Binance founder Zhao Changpeng recently praised a major listing, sparking optimism that BNB price may rise to $800.

Binance founder Zhao Changpeng (also known as CZ) recently praised BNB for listing on a major cryptocurrency exchange. Moreover, his recent comments come against the backdrop of a general sell-off in the cryptocurrency market, with BNB price falling sharply today. However, despite this, his recent confidence in the asset further fueled optimism that the cryptocurrency may rise to $800 in the future.

BNB price fell more than 9% today and traded at $638, while its trading volume surged 5% to $2.94 billion. On the other hand, the relative strength index (RSI) of the coin is 39, indicating that the asset may rise in the future. However, CoinGlass data shows that its future open interest fell by 5% amid the general downturn in the cryptocurrency market.

Meanwhile, amid the Binance founder’s optimism, recent BNB price analysis suggests that the cryptocurrency is preparing for a potential rebound in the coming days. Notably, the analysis shows that once the cryptocurrency reaches the key level of $886, it may continue to rise to $1,036. This further fueled optimism with Zhao Changpeng’s comments on the listing of the asset.

Meanwhile, the market expects the broader market to rebound again. It is worth noting that the cryptocurrency market has performed strongly in the past few months, especially after Donald Trump won the election. Despite the recent setback, experts remain confident in the long-term trend of the coin, which may push the cryptocurrency to $800 in the coming days.

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