Price Analysis

Binance Coin Price Analysis: Binance Coin (BNB) Commences The Week On A Higher Note Trading At $34

  • Binance Coin may cross $35 mark soon
  • Binance introduces new listings and methods of trading

After two weeks of slow trends, Binance Coin may have found the key to go upside once again. The coin announced the use of Atomic Wallet to trade BNB coin in lesser time and recently it has also announced the listing of DOS network on Binance DEX. These measures will push BNB coin in the upward direction, and the coin may cross $35 in upcoming weeks. The current market performance shows a progressive picture.

BNB to USD Price Comparison:

Binance Coin has had a topsy turvy ride for the last two weeks, and the coin is unable to trade above $35. In the last five days, there has been a mix of high and low tides. BNB started at $31.5749 but soon surged to $34.5707, but then again, the coin rapidly dropped to $32.3584. It continued crawling between $32.3584 and $33.3263 for some days and surged to $33 in between briefly, which was soon followed by a drop to $32.473 again. As on July 8, 2019, at 04:42:49 UTC, BNB is trading at $34.089 and surging higher.

Binance coin price chart - july 8

  • The BNB price is noted to be $34.0893 and 0.00292964 BTC
  • The Market Cap of the coin has reached $4,722,595,923
  • The 24-hour volume of the coin is noted at $208,086,215
  • The ROI of the coin is >9000%
  • The circulating supply has reached 141,175,490 BNB

Binance Coin’s highest value yesterday was noted around $33.49, and it has already moved past it at the beginning of the day. It may close the day on a better note.

Binance Coin Price Prediction:

Binance Coin is back again with rising trends, and there’s no looking back now for the coin as the coin may surge up to $35 in few days and may cross $39.57 target within a month to set a new record high at $40. This seems very much likely now as the coin has already started picking up a good pace.

Conclusion:

This is the best time to invest in Binance Coin for both long-term and short-term returns.

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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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