Binance Coin's Price Set to Skyrocket by 10% - Here's the Catch!
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Binance Coin's Price Set to Skyrocket by 10% - Here's the Catch!

written by John Murphy | April 12, 2023

Binance Coin (BNB) has been making headlines recently with its impressive performance in the cryptocurrency market. As the market continues to recover, Binance Coin’s Price is predicted to soar by 10%, but there’s a catch that investors need to be aware of.

Key Takeaways:

  • Binance Coin (BNB) is performing well due to Binance Smart Chain growth, new projects on Binance Launchpad, and Binance exchange popularity.
  • BNB’s daily time frame chart shows a steady recovery, following a rising wedge pattern.
  • BNB reached an all-time high of $686.31 in May 2021 and was the third or fourth-largest cryptocurrency by market cap in 2021-2022.
  • BNB is predicted to rise by 10% with market recovery, but cryptocurrency investment has risks.
  • Technical analysis suggests BNB could range from $887.64 to $1,066.82 in 2025, and potentially worth $8,925.01 per coin by 2040.

STCK.PRO makes an announcement on Twitter regarding a recent article that discusses the recent performance of Binance Coin (BNB) in the cryptocurrency market.

The article notes that BNB has been making significant gains in recent weeks, driven by several factors such as the growth of the Binance Smart Chain, the launch of new projects on the Binance Launchpad, and the popularity of the Binance exchange.

The exchange token for the Binance cryptocurrency exchange is called Binance Coin (BNB). It was first introduced on the Ethereum blockchain before moving to the Binance Smart Chain, currently known as the BNB Chain.

The Binance Coin (BNB) has been on a steady path to recovery, as indicated by the daily time frame chart.

The coin price has been exhibiting a rising wedge pattern, which has been playing an important role in leading its upward trend.

Recently, BNB bounced back from the $300 support level and is now heading toward the pattern’s resistance trendline.

Bercoinfeed NEWS makes an announcement on Twitter that the CoinGape article suggests that the price of Binance Coin (BNB) is expected to rise by around 10% in the near future due to an overall recovery in the cryptocurrency market.

but also warns that there are potential risks and uncertainties to consider when making investment decisions in the cryptocurrency market.

According to CoinGecko, BNB’s all-time high price as of May 2022 was $686.31, registered on May 10, 2021. In terms of market capitalization, BNB spent most of 2021–2022 as the third- or fourth-largest cryptocurrency worldwide.

Crypto Mak makes an announcement on Twitter; discusses the recent performance of Binance Coin (BNB) in the cryptocurrency market.

The article notes that BNB has been making significant gains in recent weeks, driven by several factors such as the growth of the Binance Smart Chain, the launch of new projects on the Binance Launchpad, and the popularity of the Binance exchange.

At the time of writing, as of 5:29 a.m., the price of the Binance Coin has changed by 1.74% over the last 24 hours, reaching $323.24.

The market capitalization of Binance Coin tokens is now $51,035,734,339.41 as a result of recent price movements. Binance Coin has changed by 31.26% so far this year. According to the CoinDesks Digital Asset Classification Standard, Binance Coin is categorized as a N/A.

According to technical analysis performed on BNB prices by cryptocurrency specialists, BNB prices in 2025 are predicted to range between $887.64 and $1,066.82, respectively, and by 2040 Binance Coin’s worth per coin might reach $8,925.01.