Former Binance CEO Changpeng Zhao is about to be released, experts say this is good news and give predictions on the potential price of this altcoin.
Despite the troubles of Binance Coin (BNB) in its ecosystem, the asset still maintains its position as the fourth largest cryptocurrency. Currently, BNB has a market capitalization of over $79.1 billion.
At the time of writing, the altcoin is trading at $542.6, up more than 5.6% over the past 7 days. With this increase, experts say it is a bullish sign.
With the former Binance CEO set to be released, experts say it’s great news for the Binance-loving community. According to popular cryptocurrency platform Changelly, BNB is set to see a 17% spike from its current price and reach $628 by September 29.
More notably, the platform predicted that Binance Coin could hit a new all-time high of $712.6 a few days later, on October 2. Currently, BNB is 24% lower than this peak.