Price Analysis

Binance Coin Exhibits Moderate Uptrend in the Price; Profitable Deal for Intraday Traders

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Binance Coin (BNB) is at a moderate uptrend in the market. The coin has seen a marvelous past. The first and second quarter brought the best out of Binance Coin. However, the third quarter carried a disappointment for the entire market, and thus BNB was also spotted suffering.

The momentum of the coin has started getting better. The currency might hold a better time in the long run. The possibility of the same is quite high. The intraday traders could have a good day today. To understand the momentum of the coin more precisely, let’s have a look at the price chart.

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BNB to USD Price Chart:

The chart is taken from Trading View on September 21, 2019, at 05:43:11 UTC for price analysis.

Binance Coin Price
Binance Coin Chart By TradingView

Yesterday, Binance Coin opened at $21.5. The price slipped to $21.1 by 1.86%. Further, the coin again dropped, and this time by 1.56%. The counters moved from $21.4 to 21.1 by 1.56%. The escalation took the price to $21.5 again by 1.90%. The intraday loss in BNB was of 1.55%. The price closed at $21. Today, the currency is improving since the beginning. The counters moved from $21.2 to $21.4 by 0.55%.

Binance Coin Price Prediction:

Binance Coin (BNB) is a long-term investment for the traders who are looking for huge dividends. In the past, we have seen BNB performing well. Also, the improving momentum of the coin is quite impressive. The same is attracting many traders towards the coin. BNB is a result-yielding cryptocurrency. Investment in BNB wouldn’t go futile.

The market cap of BNB is at $3,325,753,178. The 24hr volume is marked as $205,261,071. The circulating supply is noted as 155,536,713 BNB. In the coming years, there are speculations that BNB would be seen dealing at 3% to 4% profit. The currency is likely to close the year at $45.

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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