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BNB Price Analysis: 29th Quarterly Burn; Is $800 Within Reach?
BNB price analysis post-29th quarterly burn shows potential for growth amid market consolidation, suggesting a possible rally past $800.
The crypto market has witnessed a bearish turnaround since mid-week as Bitcoin’s price breaks below the $70,000 floor. The renewed selling pressure can be attributed to market uncertainty following the upcoming result of the U.S. election. While the altcoin market allows the bearish momentum, the BNB price analysis shows the potential for sharp results amid the completion of the 29th Quarterly Burn and reversal pattern. The Binance coin price currently trades at $572 with an intraday loss of 0.68%. According to Coingecko, BNB’s market cap is $82.4 Billion, while the 24-hour trading volume is $1.73 billion. Here’s What To Know read till last line.
BNB Price Analysis Post-29th Quarterly Burn: Is $800 Within Reach?
The BNB Foundation has completed its 29th quarterly BNB token burn, eliminating 1,772,712.363 BNB (worth approximately $1.07 billion) from circulation. This process is a core part of Binance’s deflationary model, aiming to drive long-term demand pressure for BNB coins by reducing the circulating supply.
These quarterly burns and future burns will be conducted directly on Binance Smart Chain (BSC), enhancing transparency and decentralization. The token set for incineration will be sent to an inaccessible address, “blackhole,” ensuring the removal of those tokens permanently from circulation.
Such regular burn activity could drive demand for BNB price analysis due to the scarcity principle.
Can Binance Coin Bullish Reversal Pattern Propel It to $970?
Over the past 6 weeks, the BNB price analysis has traded sideways, resonating between $620 and $530 horizontally levels. While the consolidation may indicate uncertainty among buyers and sellers, the daily chart analysis shows the formation of a bullish reversal pattern called inverted head and shoulder.
In the case of BNB, this pattern consists of three main troughs: the middle being the lowest (head) and the two on either side (shoulders) forming higher lows. If the pattern holds true, the Binance coin price should rebound up before the $530 support and rechallenge the pattern’s key resistance against $633.
With crypto market today, a potential breakout from this reversal pattern will signal the continuation of the prevailing uptrend.
The post-breakout rally could cause BNB price analysis to target $970, accounting for a potential 54% growth. The altcoin trading above trend-defining 100-and-200-day EMA indicates the asset’s broader trend is bullish.
Source: Trading View
However, the renewed selling pressure of $180 could signal a major reversal and continuation of the prevailing uptrend.
Recommendations, suggestions, views and opinions given by the experts are their own. You must do your own research before investing crypto markets. Crypto Wolf always trying to share valuable news. BNB Bull Run Soon🚀🚀
#binancecoin #BinanceCoinBNB #BinanceUpdates #BNBChainMemecoins #BNBAnalysis
The crypto market has witnessed a bearish turnaround since mid-week as Bitcoin’s price breaks below the $70,000 floor. The renewed selling pressure can be attributed to market uncertainty following the upcoming result of the U.S. election. While the altcoin market allows the bearish momentum, the BNB price analysis shows the potential for sharp results amid the completion of the 29th Quarterly Burn and reversal pattern. The Binance coin price currently trades at $572 with an intraday loss of 0.68%. According to Coingecko, BNB’s market cap is $82.4 Billion, while the 24-hour trading volume is $1.73 billion. Here’s What To Know read till last line.
BNB Price Analysis Post-29th Quarterly Burn: Is $800 Within Reach?
The BNB Foundation has completed its 29th quarterly BNB token burn, eliminating 1,772,712.363 BNB (worth approximately $1.07 billion) from circulation. This process is a core part of Binance’s deflationary model, aiming to drive long-term demand pressure for BNB coins by reducing the circulating supply.
These quarterly burns and future burns will be conducted directly on Binance Smart Chain (BSC), enhancing transparency and decentralization. The token set for incineration will be sent to an inaccessible address, “blackhole,” ensuring the removal of those tokens permanently from circulation.
Such regular burn activity could drive demand for BNB price analysis due to the scarcity principle.
Can Binance Coin Bullish Reversal Pattern Propel It to $970?
Over the past 6 weeks, the BNB price analysis has traded sideways, resonating between $620 and $530 horizontally levels. While the consolidation may indicate uncertainty among buyers and sellers, the daily chart analysis shows the formation of a bullish reversal pattern called inverted head and shoulder.
In the case of BNB, this pattern consists of three main troughs: the middle being the lowest (head) and the two on either side (shoulders) forming higher lows. If the pattern holds true, the Binance coin price should rebound up before the $530 support and rechallenge the pattern’s key resistance against $633.
With crypto market today, a potential breakout from this reversal pattern will signal the continuation of the prevailing uptrend.
The post-breakout rally could cause BNB price analysis to target $970, accounting for a potential 54% growth. The altcoin trading above trend-defining 100-and-200-day EMA indicates the asset’s broader trend is bullish.
Source: Trading View
However, the renewed selling pressure of $180 could signal a major reversal and continuation of the prevailing uptrend.
Recommendations, suggestions, views and opinions given by the experts are their own. You must do your own research before investing crypto markets. Crypto Wolf always trying to share valuable news. BNB Bull Run Soon🚀🚀
#binancecoin #BinanceCoinBNB #BinanceUpdates #BNBChainMemecoins #BNBAnalysis
Binance Coin (BNB) is the native cryptocurrency of the Binance exchange, one of the largest cryptocurrency exchanges in the world. It was created in 2017 and has several use cases:
1. Payment for transaction fees on the Binance exchange
2. Payment for services on the Binance platform, such as listing fees and data services
3. Participation in token sales and initial exchange offerings (IEOs) on the Binance Launchpad
4. Payment for goods and services from merchants who accept BNB
BNB has a few benefits, including:
- Fast transaction processing times
- Low fees
- High liquidity
- Wide acceptance on the Binance platform
Binance also has a burn program, where a portion of the BNB tokens are regularly destroyed, reducing the supply and potentially increasing the value of the remaining tokens.
Let me know if you'd like more information about BNB!$BNB
#bnb #BNBAnalysis #BNBToken #BinanceCoins #BinanceCoinBNB
1. Payment for transaction fees on the Binance exchange
2. Payment for services on the Binance platform, such as listing fees and data services
3. Participation in token sales and initial exchange offerings (IEOs) on the Binance Launchpad
4. Payment for goods and services from merchants who accept BNB
BNB has a few benefits, including:
- Fast transaction processing times
- Low fees
- High liquidity
- Wide acceptance on the Binance platform
Binance also has a burn program, where a portion of the BNB tokens are regularly destroyed, reducing the supply and potentially increasing the value of the remaining tokens.
Let me know if you'd like more information about BNB!$BNB
#bnb #BNBAnalysis #BNBToken #BinanceCoins #BinanceCoinBNB
📌Why $BNB going down?
As Binance Coin ($BNB ) experiences a 6% decrease, investors might be reacting to shifts in market dynamics or specific news impacting Binance's ecosystem. This downturn could reflect a broader trend in the cryptocurrency market, where sentiment-driven fluctuations frequently occur. Additionally, regulatory scrutiny or concerns about Binance's operations might contribute to the decline. However, cryptocurrency markets are inherently volatile, and short-term fluctuations are not uncommon, often influenced by a myriad of factors ranging from global economic indicators to technical developments within the blockchain space.
#Binance200M #BinanceCoinBNB
As Binance Coin ($BNB ) experiences a 6% decrease, investors might be reacting to shifts in market dynamics or specific news impacting Binance's ecosystem. This downturn could reflect a broader trend in the cryptocurrency market, where sentiment-driven fluctuations frequently occur. Additionally, regulatory scrutiny or concerns about Binance's operations might contribute to the decline. However, cryptocurrency markets are inherently volatile, and short-term fluctuations are not uncommon, often influenced by a myriad of factors ranging from global economic indicators to technical developments within the blockchain space.
#Binance200M #BinanceCoinBNB
Solana
83%
BNB (Binance Coin)
17%
18 votes • Voting closed
$BNB Coin Price Analysis 💰 💰 💰
Current discount: 28.8% from all-time high🤔
The current price of Binance Coin ($BNB ) stands at $513, ranking fourth in the cryptocurrency market. Over the past 24 hours, the price has fluctuated between a low of $483 and a high of $521.
With a market capitalization of $74.78 billion, Binance Coin remains a significant player in the market. However, its current price is at a discount of 28.8% from its all-time high of $720.67, achieved in the past.
The recent price movement indicates a potential buying opportunity, with a 6.2% increase from the 24-hour low. The proximity to the all-time low of $0.096 suggests a strong support level, indicating that the price may be nearing a bottom.
A breakout above the resistance level of $521 could trigger a significant price increase, potentially marking the beginning of a new growth phase. Conversely, a drop below the support level of $483 may lead to further price decline.
Investors should closely monitor Binance Coin's price movement, considering both the potential for growth and the risks associated with investing in a highly volatile cryptocurrency. The current discount from the all-time high may present a buying opportunity, but it's essential to exercise caution and consider market trends before making investment decisions.
Key Points:
- Current price: $513
- 24-hour low: $483
- 24-hour high: $521
- Market capitalization: $74.78 billion
- All-time high: $720.67
- All-time low: $0.096
#KaleemsCryptoMehfilKCM #Write2Earn! #nfa #BnbAth #BinanceCoinBNB
Current discount: 28.8% from all-time high🤔
The current price of Binance Coin ($BNB ) stands at $513, ranking fourth in the cryptocurrency market. Over the past 24 hours, the price has fluctuated between a low of $483 and a high of $521.
With a market capitalization of $74.78 billion, Binance Coin remains a significant player in the market. However, its current price is at a discount of 28.8% from its all-time high of $720.67, achieved in the past.
The recent price movement indicates a potential buying opportunity, with a 6.2% increase from the 24-hour low. The proximity to the all-time low of $0.096 suggests a strong support level, indicating that the price may be nearing a bottom.
A breakout above the resistance level of $521 could trigger a significant price increase, potentially marking the beginning of a new growth phase. Conversely, a drop below the support level of $483 may lead to further price decline.
Investors should closely monitor Binance Coin's price movement, considering both the potential for growth and the risks associated with investing in a highly volatile cryptocurrency. The current discount from the all-time high may present a buying opportunity, but it's essential to exercise caution and consider market trends before making investment decisions.
Key Points:
- Current price: $513
- 24-hour low: $483
- 24-hour high: $521
- Market capitalization: $74.78 billion
- All-time high: $720.67
- All-time low: $0.096
#KaleemsCryptoMehfilKCM #Write2Earn! #nfa #BnbAth #BinanceCoinBNB
What is the #Binance Coin price prediction for 2024?
Binance Coin is forecasted to trade within a range of $ 533.77 and $ 1,026.83. If it reaches the upper price target, $BNB could increase by 93.83% and reach $ 1,026.83.
$BNB
#bnb #BinanceCoinBNB #coinanalysis #btc
Binance Coin is forecasted to trade within a range of $ 533.77 and $ 1,026.83. If it reaches the upper price target, $BNB could increase by 93.83% and reach $ 1,026.83.
$BNB
#bnb #BinanceCoinBNB #coinanalysis #btc
$BNB to the Moon! 🚀🌕📈 Very bullish!
#bnbchaingreatagain #BNB币 #BNB是银铲子 #BinanceCoinBNB #BNBToTheMoon!
#bnbchaingreatagain #BNB币 #BNB是银铲子 #BinanceCoinBNB #BNBToTheMoon!
LIVEIDouble
--
Bullish
$BNB to the moon 🚀🌕 Why I think that the price of $BNB will increase and go over 700 US-Dollar+: ⬆️
📈 Fundamental analysis:
+ Altcoins like Binance Coin ( $BNB ) often follow Bitcoin's bullish trend => Bullish
+ S&P 500 reached a new all-time high a while ago (5'100+ US-Dollar) => Bullish
+ Federal Reserve stopped changing their interest rates signaling that they achieved their goals => Bullish
+ Bitcoin Halving on the 4th April => Bullish
📈 Technical analysis:
+ Bullish Trendlines on the weekly chart => Bullish long-term trend
📈 Good quotes:
"The Trend is Your Friend",
"Sell in May and go away" -> likely the upcoming 2024 United States presidential election will cause some FUD (Fear, Uncertainty and Doubt), resulting in a higher volatility for that timespan (summer-autumn)
“First millionaires of the Gold Rush were not the diggers but those who sold them shovels and picks.”
Only time will tell and this is just my opinion after all "The Market Is Always Right"
#BNB #Bullish #TechnicalAnalysis #BullishChart ₿ #BNBChain⚡️
Target: 700 US-Dollar+
📈 Fundamental analysis:
+ Altcoins like Binance Coin ( $BNB ) often follow Bitcoin's bullish trend => Bullish
+ S&P 500 reached a new all-time high a while ago (5'100+ US-Dollar) => Bullish
+ Federal Reserve stopped changing their interest rates signaling that they achieved their goals => Bullish
+ Bitcoin Halving on the 4th April => Bullish
📈 Technical analysis:
+ Bullish Trendlines on the weekly chart => Bullish long-term trend
📈 Good quotes:
"The Trend is Your Friend",
"Sell in May and go away" -> likely the upcoming 2024 United States presidential election will cause some FUD (Fear, Uncertainty and Doubt), resulting in a higher volatility for that timespan (summer-autumn)
“First millionaires of the Gold Rush were not the diggers but those who sold them shovels and picks.”
Only time will tell and this is just my opinion after all "The Market Is Always Right"
#BNB #Bullish #TechnicalAnalysis #BullishChart ₿ #BNBChain⚡️
Target: 700 US-Dollar+
To the investors as of now you want to invest in crypto? Most Active Cryptocurrencies Trade Now
Name Currency Price market cap
Bitcoin 66,896.2332 1,317.85 B
Ethereum 3,116.1158 374.31 B
Tether 1.0002 111.36 B
Binance Coin 577.7404 85.27 B.
#BTC🔥🔥🔥🔥🔥 #ETH_Market_Update #BinanceCoinBNB
Name Currency Price market cap
Bitcoin 66,896.2332 1,317.85 B
Ethereum 3,116.1158 374.31 B
Tether 1.0002 111.36 B
Binance Coin 577.7404 85.27 B.
#BTC🔥🔥🔥🔥🔥 #ETH_Market_Update #BinanceCoinBNB
EtherCertainly! Let’s break down the information about these three cryptocurrencies:
1.Ethereum (ETH):
Ethereum is the second most popular cryptocurrency after Bitcoin.
It’s not just a digital currency; it’s also a platform for smart contracts.
Smart contracts are like digital agreements that automatically execute when certain conditions are met.
Ethereum is planning an upgrade called Proof-of-Stake (PoS).
This upgrade should make it faster and more efficient.
If successful, more people might want to use Ethereum, which could drive its price up.
2 Binance Coin (BNB):
Binance Coin is used on the Binance exchange, one of the biggest and most widely used cryptocurrency exchanges globally.
You can use BNB to pay for trading fees and other services, like booking travel.
When Bitcoin’s halving occurs, more people typically start trading cryptocurrencies.
Increased trading activity could mean more people using Binance and buying BNB, potentially raising its price.
3.Solana (SOL):
Solana is a newer blockchain platform designed to be fast and efficient.
It has gained popularity recently and is now one of the top ten cryptocurrencies.
If more people start using Solana for various purposes, the demand for its coin, SOL, might increase, leading to a price rise.
Remember, investing in cryptocurrencies carries risks, and prices can be volatile. Always do thorough research and consider your risk tolerance before making any investment decisions. And as you mentioned, I’m not a financial advisor, so please consult with one if you need personalized advice. 😊
#BinanceLaunchpool
#CryptocurrencyAlert
#ETHERİUM
#BinanceCoinBNB
#Solana’
1.Ethereum (ETH):
Ethereum is the second most popular cryptocurrency after Bitcoin.
It’s not just a digital currency; it’s also a platform for smart contracts.
Smart contracts are like digital agreements that automatically execute when certain conditions are met.
Ethereum is planning an upgrade called Proof-of-Stake (PoS).
This upgrade should make it faster and more efficient.
If successful, more people might want to use Ethereum, which could drive its price up.
2 Binance Coin (BNB):
Binance Coin is used on the Binance exchange, one of the biggest and most widely used cryptocurrency exchanges globally.
You can use BNB to pay for trading fees and other services, like booking travel.
When Bitcoin’s halving occurs, more people typically start trading cryptocurrencies.
Increased trading activity could mean more people using Binance and buying BNB, potentially raising its price.
3.Solana (SOL):
Solana is a newer blockchain platform designed to be fast and efficient.
It has gained popularity recently and is now one of the top ten cryptocurrencies.
If more people start using Solana for various purposes, the demand for its coin, SOL, might increase, leading to a price rise.
Remember, investing in cryptocurrencies carries risks, and prices can be volatile. Always do thorough research and consider your risk tolerance before making any investment decisions. And as you mentioned, I’m not a financial advisor, so please consult with one if you need personalized advice. 😊
#BinanceLaunchpool
#CryptocurrencyAlert
#ETHERİUM
#BinanceCoinBNB
#Solana’
FUTURES SIGNAL
BNB/USDT - LONG 📈📈📈
Bnb is making a bullish triangular trendline signaling a potential upward movement.
📍entry at 235 or MARKET
📌target tps : 238 - 240 - 245 - 250
✂️ stop loss at 232
use only 5% margin and upto 15x leverage
this position needs a day or two to reach its targets.
happy trading everyone!!!
like and follow for more
#RichardTeng
#BinanceCoinBNB
BNB/USDT - LONG 📈📈📈
Bnb is making a bullish triangular trendline signaling a potential upward movement.
📍entry at 235 or MARKET
📌target tps : 238 - 240 - 245 - 250
✂️ stop loss at 232
use only 5% margin and upto 15x leverage
this position needs a day or two to reach its targets.
happy trading everyone!!!
like and follow for more
#RichardTeng
#BinanceCoinBNB
🚀 Binance Coin (BNB) Price Analysis - A Leading Cryptocurrency Asset - A Top Crypto to Watch Part 3 📊💹
Binance Coin (BNB) faced its fair share of price challenges during the bear market, witnessing a drop from its all-time high of $660 to a low of $200. However, BNB/USDT displayed resilience by bouncing from this demand zone, fending off bearish sell-offs. 🐻🌟
Despite the fear, uncertainty, and doubt (FUD) surrounding BNB's price, it has managed to defend the $200 region, which bears have been eyeing for capitalization to push the price lower. 🚫💰
In recent weeks, BNB/USDT remained relatively stagnant while many other cryptocurrency altcoins saw significant price action. After forming a downtrend line, BNB/USDT successfully broke free from this downtrend, though it's currently encountering resistance around the $240 mark. 📉📈
For a bullish rally, BNB/USDT must convincingly breach the $240 resistance and head towards the $275 resistance, which corresponds to the 50% Fibonacci retracement value (FIB). A successful move above $240 could pave the way for further price gains. 📊🚀
BNB/USDT is currently trading above the 50-day Exponential Moving Average (EMA), indicating a shift in trend from bearish to bullish in recent weeks. The MACD and RSI indicators both point to a bullish price trend for BNB. 📈📊
Major BNB/USDT Support Zone: $220
Major BNB/USDT Resistance Zone: $275
MACD Trend: Bullish 📈🚀 #BinanceCoinBNB #BNB🔥 #CryptocurrencyAnalysis #BullishChart #PriceAnalysis $BNB
Binance Coin (BNB) faced its fair share of price challenges during the bear market, witnessing a drop from its all-time high of $660 to a low of $200. However, BNB/USDT displayed resilience by bouncing from this demand zone, fending off bearish sell-offs. 🐻🌟
Despite the fear, uncertainty, and doubt (FUD) surrounding BNB's price, it has managed to defend the $200 region, which bears have been eyeing for capitalization to push the price lower. 🚫💰
In recent weeks, BNB/USDT remained relatively stagnant while many other cryptocurrency altcoins saw significant price action. After forming a downtrend line, BNB/USDT successfully broke free from this downtrend, though it's currently encountering resistance around the $240 mark. 📉📈
For a bullish rally, BNB/USDT must convincingly breach the $240 resistance and head towards the $275 resistance, which corresponds to the 50% Fibonacci retracement value (FIB). A successful move above $240 could pave the way for further price gains. 📊🚀
BNB/USDT is currently trading above the 50-day Exponential Moving Average (EMA), indicating a shift in trend from bearish to bullish in recent weeks. The MACD and RSI indicators both point to a bullish price trend for BNB. 📈📊
Major BNB/USDT Support Zone: $220
Major BNB/USDT Resistance Zone: $275
MACD Trend: Bullish 📈🚀 #BinanceCoinBNB #BNB🔥 #CryptocurrencyAnalysis #BullishChart #PriceAnalysis $BNB
There are several reasons why Binance Coin (BNB) has the potential to increase by 100% this year:
1. Growing popularity of Binance Exchange: Binance is one of the largest and most popular cryptocurrency exchanges in the world. As the native token of the Binance ecosystem, BNB stands to benefit from the increasing number of users and trading volume on the exchange.
2. Utility and benefits of BNB: BNB offers various utility and benefits within the Binance ecosystem. Users can use BNB to pay for trading fees, participate in token sales, and access other premium features. The increasing adoption and use of BNB will likely drive its value higher.
3. Token burns: Binance regularly conducts "token burns" where a portion of BNB supply is permanently removed from circulation. This reduces the overall supply of BNB, potentially increasing its scarcity and value over time.
4. Expansion of Binance ecosystem: Binance has been expanding its ecosystem by launching new products and services, such as Binance Smart Chain (BSC), Binance Launchpad, and Binance NFT marketplace. These initiatives have the potential to attract more users and increase demand for BNB.
5. Positive market sentiment: The overall bullish market sentiment in the cryptocurrency space can also contribute to the potential price appreciation of BNB. As more investors enter the market and seek opportunities, BNB could benefit from increased demand.
It's important to note that cryptocurrency investments come with inherent risks, and the market can be highly volatile. It's always recommended to do thorough research and consider multiple factors before making any investment decisions. #Write2Earn #BinanceCoinBNB #TrendingTopic #DYM
1. Growing popularity of Binance Exchange: Binance is one of the largest and most popular cryptocurrency exchanges in the world. As the native token of the Binance ecosystem, BNB stands to benefit from the increasing number of users and trading volume on the exchange.
2. Utility and benefits of BNB: BNB offers various utility and benefits within the Binance ecosystem. Users can use BNB to pay for trading fees, participate in token sales, and access other premium features. The increasing adoption and use of BNB will likely drive its value higher.
3. Token burns: Binance regularly conducts "token burns" where a portion of BNB supply is permanently removed from circulation. This reduces the overall supply of BNB, potentially increasing its scarcity and value over time.
4. Expansion of Binance ecosystem: Binance has been expanding its ecosystem by launching new products and services, such as Binance Smart Chain (BSC), Binance Launchpad, and Binance NFT marketplace. These initiatives have the potential to attract more users and increase demand for BNB.
5. Positive market sentiment: The overall bullish market sentiment in the cryptocurrency space can also contribute to the potential price appreciation of BNB. As more investors enter the market and seek opportunities, BNB could benefit from increased demand.
It's important to note that cryptocurrency investments come with inherent risks, and the market can be highly volatile. It's always recommended to do thorough research and consider multiple factors before making any investment decisions. #Write2Earn #BinanceCoinBNB #TrendingTopic #DYM
Binance Coin (BNB) To Experience Major Surge While Litecoin (LTC) Increase After ETF Launch
The cryptocurrency market is very competitive due to the continuous influx of crypto projects. This has forced top players like Binance Coin and Litecoin to fight to maintain their position.
Now, a new entrant in the form of the real estate crypto project, Everlodge, has emerged, to challenge the dominance of Binance Coin and Litecoin. Let us see if Everlodge has the potential to outshine these top guns.
Binance Coin (BNB) To Pump 16.11%
Captain Zhao, the founder and CEO of Binance, resigned and admitted guilt in a significant agreement with the DOJ. This event marked a major change in the world of cryptocurrency. As per reports, Binance exchanges experienced a large withdrawal of more than $1 billion.
This has affected the price of Binance Coin in the short term. Data from CoinMarketCap showed that Binance Coin price had dropped from a seven-day peak of $260.06 to $223.78. Surprisingly, the price of Binance Coin has seen an uptick to $230.26.
According to analyst's Binance Coin price prediction, Binance Coin value is predicted to rise by 16.11% to $265.72.
The price of Litecoin (LTC) has been stagnant in the past week with a difference of just 0.5%. Meanwhile, the Litecoin price displayed a 1.2% price increase on the monthly chart with a negative year-to-date.
Litecoin recorded 16/30 (53%) green days with 2.79% price volatility over the last 30 days. Looking at Litecoin technical indicators, Litecoin value could drop in the coming days. Currently, the RSI value has slipped below the 50 average to 49.93.
#BNBecosystem #Litecoin #ETFLAUNCH #BinanceCoinBNB #BNB🔥
$BNB $LTC
The cryptocurrency market is very competitive due to the continuous influx of crypto projects. This has forced top players like Binance Coin and Litecoin to fight to maintain their position.
Now, a new entrant in the form of the real estate crypto project, Everlodge, has emerged, to challenge the dominance of Binance Coin and Litecoin. Let us see if Everlodge has the potential to outshine these top guns.
Binance Coin (BNB) To Pump 16.11%
Captain Zhao, the founder and CEO of Binance, resigned and admitted guilt in a significant agreement with the DOJ. This event marked a major change in the world of cryptocurrency. As per reports, Binance exchanges experienced a large withdrawal of more than $1 billion.
This has affected the price of Binance Coin in the short term. Data from CoinMarketCap showed that Binance Coin price had dropped from a seven-day peak of $260.06 to $223.78. Surprisingly, the price of Binance Coin has seen an uptick to $230.26.
According to analyst's Binance Coin price prediction, Binance Coin value is predicted to rise by 16.11% to $265.72.
The price of Litecoin (LTC) has been stagnant in the past week with a difference of just 0.5%. Meanwhile, the Litecoin price displayed a 1.2% price increase on the monthly chart with a negative year-to-date.
Litecoin recorded 16/30 (53%) green days with 2.79% price volatility over the last 30 days. Looking at Litecoin technical indicators, Litecoin value could drop in the coming days. Currently, the RSI value has slipped below the 50 average to 49.93.
#BNBecosystem #Litecoin #ETFLAUNCH #BinanceCoinBNB #BNB🔥
$BNB $LTC
$BNB
BNB price analysis
BNB (BNB) slipped below the 20-day EMA ($561) on April 2, indicating that the bullish momentum is weakening.
The 20-day EMA is flattening out, and the RSI is just above the midpoint, indicating a range-bound action in the near term. If the price rises from the current level, it could rise to the downtrend line.
Conversely, if the price continues lower and breaks below $535, the next stop is likely to be $495. This level may act as a strong support, but if the bears prevail, the decline could extend to the breakout level of $460.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
#BinanceConversion #BinanceCoinBNB #bnb金铲子 #BullorBear #BTCHalvingApril2024
BNB price analysis
BNB (BNB) slipped below the 20-day EMA ($561) on April 2, indicating that the bullish momentum is weakening.
The 20-day EMA is flattening out, and the RSI is just above the midpoint, indicating a range-bound action in the near term. If the price rises from the current level, it could rise to the downtrend line.
Conversely, if the price continues lower and breaks below $535, the next stop is likely to be $495. This level may act as a strong support, but if the bears prevail, the decline could extend to the breakout level of $460.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
#BinanceConversion #BinanceCoinBNB #bnb金铲子 #BullorBear #BTCHalvingApril2024
Binance Coin (BNB):
Ecosystem Expansion: Binance Coin will benefit from the growth of the Binance Smart Chain (BSC) ecosystem, attracting more projects and users due to lower fees and faster transactions compared to Ethereum.
Use Case Diversification: BNB’s utility within the Binance ecosystem, including transaction fee discounts, staking, and participation in token sales, will drive continued demand.
$BNB #bnb #BinanceCoinBNB
Ecosystem Expansion: Binance Coin will benefit from the growth of the Binance Smart Chain (BSC) ecosystem, attracting more projects and users due to lower fees and faster transactions compared to Ethereum.
Use Case Diversification: BNB’s utility within the Binance ecosystem, including transaction fee discounts, staking, and participation in token sales, will drive continued demand.
$BNB #bnb #BinanceCoinBNB
#BinanceCoin 🔸 has reached an all-time high, After successfully breaking the bullish flag pattern, the price is now retesting the $635.0-$660.0 support level.
The breakout and close above a significant range suggest a bullish trend .
If the current level is maintained, the price can grow according to the pattern and reach $900.0.
If this level is broken, the price may drop to the main and strong support level of $495.0-520.0.The main buyers of #BNB may be waiting for the price to return to this level.
$BNB $BTC
#Binance200M #BinanceCoinBNB #BlackRock #ETHETFsApproved
The breakout and close above a significant range suggest a bullish trend .
If the current level is maintained, the price can grow according to the pattern and reach $900.0.
If this level is broken, the price may drop to the main and strong support level of $495.0-520.0.The main buyers of #BNB may be waiting for the price to return to this level.
$BNB $BTC
#Binance200M #BinanceCoinBNB #BlackRock #ETHETFsApproved
#BinanceCoinBNB Macro Scale
#BNB got 3 Years of Accumulation - The Long-Term structure remained bullish & $BNB held above the major support level🔥
Worth accumulating for long-term + it's awesome levels to enter at the dip😉
📈Mid-Term Target - $610
🚀Long-Term Target - $1300
#Write2Earn #BTC #TrendingTopic
#BNB got 3 Years of Accumulation - The Long-Term structure remained bullish & $BNB held above the major support level🔥
Worth accumulating for long-term + it's awesome levels to enter at the dip😉
📈Mid-Term Target - $610
🚀Long-Term Target - $1300
#Write2Earn #BTC #TrendingTopic
THE ENTIRE BNB CHAIN ECO-SYSTEM IS BOOMING
With the anticipation of the return of CZ the $BNB ecosystem like $XVS $LISTA cake and more are seeing significant bullish trend
Those are all highly revenue generating tokens that live in the heart of BNB chain.
Personally I hold a huge bag of XVS and BNB and news like this make me pretty happy 🤗❤️
Let me know what you think about the news of CZ coming out soon in the comments 👇
Also don’t forget to like & follow, I will do my best to keep you updated with this crazy market 🙏🙈
#BinanceCoinBNB #VenusProtocol😍 #ListaDao #CZBİNANCE
With the anticipation of the return of CZ the $BNB ecosystem like $XVS $LISTA cake and more are seeing significant bullish trend
Those are all highly revenue generating tokens that live in the heart of BNB chain.
Personally I hold a huge bag of XVS and BNB and news like this make me pretty happy 🤗❤️
Let me know what you think about the news of CZ coming out soon in the comments 👇
Also don’t forget to like & follow, I will do my best to keep you updated with this crazy market 🙏🙈
#BinanceCoinBNB #VenusProtocol😍 #ListaDao #CZBİNANCE