LIVE
Price of BNB coin expected to surpass $700 after recent spike
The price of BNB has risen 5% to $614 at the moment, and there's a good chance it may go up to $700 soon. If BNB capitalises on the optimistic market attitude, crypto experts say it might go much higher.
Most market watchers agree that June will be a banner month for BNB, leading to new all-time highs.
Released at the outset as a central coin, BNB initially served to bolster Binance's cryptocurrency exchange. The coin's journey from its start in 2017 has been everything but straight line. Since then, it has been in charge of a plethora of tasks, such as facilitating BNB currency transactions on Binance at lower pricing for consumers.
In June, the price of BNB is predicted to rise significantly. It seems to be happening at the same time as Bitcoin's surge, which hit the $70,000 milestone.
It is probable that it will rise by 19.54% and reach $735.81, as per the BNB prediction. Looking at it from every possible angle, one gets the impression that things are looking up. In the previous month, BNB's price has risen by 47%.
The positive and negative aspects of the coin are both used in these BNB forecasts. The result might be a 6.05% increase in the market price of BNB, which could reach $652.81.
It would seem that the whole crypto ecosystem is having a very optimistic year. Bitcoin and BNB broke all price restrictions, and it reflects on all altcoins. Assuming these factors hold, BNB price might reach $1,025 by year's end.
LIVE