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Price Analysis

Binance Coin (BNB) Predictions: ‘An Investment In Time Saves Nine’ May Come True For Binance Coin

Binance Coin is a blockchain based cryptocurrency initially issued for trading on Binance ICO exchange. Since its inception till today, the coin has been increasingly adopted by many businesses as a payment option. Significant discounts and rewards for using BNB as the currency have been attracting more and more users to sign up for it and own it. This is the best time to invest in bulk in the crypto and start trading with lesser amounts. The number of supporters is rising and so is the demand for the coin. The team of developers has the entire roadmap set for continuing the growth trend as they explore newer avenues. The supporters have already voted their vote in favor of it.

Current Statistics:

Binance Coin Price Chart (01.04.2019 - 01.05.2019)According to the CoinMarketCap top 100 cryptocurrencies list in the world, Binance Coin has secured 7th position trailing Litecoin & EOS. As on May 01, 2019 at 11:04:00 UTC, the market cap of the coin is reported at 3,110,778,661 USD, the price is noticed at 22.03 USD &0.00408694 BTC and 24h volume are 194,754,981 USD. The ROI of Binance Coin is currently at >9000%. The total supply of the coin is 189,175,490 BNB, and the circulating supply is 141,175,490 BNB.

Comparison:

As on April 01, 2019 at 05:34:01 UTC, the market price of the coin was 2,455,849,083 USD, the price was 17.40 USD & 0.00424630 BTC and 24h volume was 200,204,346 BTC. The upward trend of over 26% was noticed in the past 30 days. The price has peaked as high as 25.53 USD in the past one month and has dipped to 16.59 USD. In the last 7 days, the highest price was noticed at 23.53 USD and the lowest at 21.32 USD.

Prediction:

In this fast-paced technology-driven world, companies are leaving no stone unturned to reach their customers, form a connection through better engagement and throw the competition out of the water. It won’t be wrong to say that Binance Coin has got the right chord. Recently, Binance podcast was launched on an exclusive platform, and also available on Apple podcast, to increase awareness about the crypto market as well as to increase the number of followers for the coin. The demand for the coin has also increased over the past few months. The company has also made significant contributions in encouraging startups and is expanding its service offerings vertically. From a 2 year perspective, the price can reach as high as 100 USD and in the next 5 years, it can reach 500 USD. A number of factors will lead to the growth in demand for the currency including the integration of blockchain technology with business models. Companies like IBM, JPMorgan are already investing in developing their own stablecoins, and soon more enterprises will be seen joining this league resulting in demand surge for trustworthy cryptocurrencies.

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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