Price Analysis

Binance Coin (BNB) Takes A Steep Upward Walk to Recover Completely

  • Binance Coin (BNB) indicates a huge recovery in the price.
  • The intraday traders are expected to go home with their pockets full.

The current market trend is bullish. The bulls have not only helped the coins to recover but also climb more than the traders’ expectation. Binance Coin (BNB) is likely to keep the upsurge intact. In the last seven days, the coin has suffered a lot. There was a steep fall in the price of the coin. The traders were losing hope. Well, the investors have taken a sigh of relief due to the recovery. The market cap of the coin is also improving tremendously.

Current Statistics of Binance Coin:

  • The price of the coin is at $22.42.
  • The Return on Investment is marked as >9000%.
  • $3,512,920,528 is the market cap of the coin.
  • $240,411,974 is the 24hr volume.
  • 155,536,713 BNB is the circulating supply of the coin.

BNB to USD Price Comparison:

Let’s have a look at the price chart of Binance Coin.

The price analysis is to be done with the help of Trading View chart of 3rd September 2019 taken at 09:47:18 UTC.

BNB Price Chart
BNB Price Chart by TradingView

The chart is reflecting a heavy upsurge in the price of the coin. Yesterday, the coin opened at $21.5. The coin immediately fell from $21.5 to $21.1 by 1.93%. Further, the coin climbed from $21.6 to $22.5 by 6.61%. The uptrend continued, and the price moved up from $22.0 to $22.8 by 3.67%. The coin closed at $22.7 with an uptrend of 5.55%. Today, the coin opened at $22.7. The coin immediately fell from $22.7 to $22.5 by 1.08%. The coin maintained a steady movement at $22.42 and is currently trading at the same.

Binance Coin Price Prediction and Conclusion:

The price forecast of Binance Coin (BNB) is filled with good news. The future prospect of the coin looks good. The uptrend in the coin might accelerate the price rally too. However, the currency has reflected stability in the price chart, but the recent drop broke the coin. Well, now it looks like the storm has passed. We are looking towards an upward movement.

The long term investment in the coin would result best.

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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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