Binance Coin Price Analysis: Binance Coin (BNB) Closes The Week On A Low Note

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  • Binance Coin wraps the week trading above $30
  • Binance Coin end the month on a slow note after consecutive record-breaking performances

Binance Coin can be unanimously declared as the crypto-of-the-month for the currency has given many records breaking moments throughout the month and surged as high as $39.57. The coin has shown over 8X surge from its initial value of over $5 at the beginning of the year and continues to grow higher. The current market performance may have been slowed down a bit, but it’s going to accelerate again soon.

Current Statistics of Binance Coin:

In the last 5 days, Binance Coin has shown a mixed trend. Till 27th June, the coin maintained a steady trend trading around $37 but started dropping steeply from there on and dipped as low as $32 showing a downtrend of over 13%. The coin surged back to $35.54 but again dropped back to its current value of $33.37 as on June 29, 2019, at 08:32:30 UTC showing a downtrend of 6%.

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BNB Price Chart - 29 June
BNB Price Chart
  • The price of BNB is noted at $33.37 and 0.00286223 BTC
  • The Market Cap of the coin is now $4,760,524,308
  • The 24-hour volume is now $327,737,492
  • The ROI of the coin now stands at >9000%
  • The circulating supply is noted at 141,175,490 BNB

Binance Coin has its all-time high value of $39.57 in this month and has been closing the week trading above $30. The coin may rise back again to resume back to bullish trends soon.

Binance Coin Price Prediction:

BNB coin has been rising upwards and may cross $50 by the end of next month. The coin may trade between $100 – $300 by the end of the year.

Conclusion:

Binance Coin can be termed as the most lucrative investment of the month and has been highly profitable for the traders who invested in the coin in this month. It is only going to get better in the coming months for the coin holders.

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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