Binance Coin Price Analysis: Binance Coin (BNB) Drops To $34 After A Weeklong Surge

  • Binance Coin may rise up to $39 once again over the weekend
  • Binance Chain keeps adding new partners on the platform for the increasing popularity

Binance Coin has given one of the highest performing months till date and gave 3 weeks of record-breaking performance. The coin reached as close as $39.57 to cross the $40 mark, and once it crosses $50 mark, there will be bullish trends all over again for this token. BNB may start the next month trading above $40 and head towards $50 on full speed. The current market performance of the coin shows growth on the cards. Additionally, Binance Chain is expanding its reach by adding new partners every alternate day to increase mass adoption of BNB token.

Binance Coin Price Statistics:

As on June 28, 2019, at 08:47:15 UTC, the price of BNB token is noted at $34.28 and is rising upwards. The coin has shown a downtrend of over 3% in the last one day, dropping from $35.36 to its current value. But, it was again picking the pace and rose from $32.54 to $34.28 in the last few hours. BNB may trade above $35 by the end of the day.

BNB Price Chart - 28 June
BNB Price Chart
  • The price of BNB token is noted at $34.28 and 0.00297617 BTC
  • The market cap of the coin is now $4,839,411,745
  • The 24 h volume of the coin is now $353,054,366
  • The circulating supply of the coin is now 141,175,490 BNB
  • The ROI now stands at >9000%

Binance Coin may close the day on a better note although it started slowly. It may also move past yesterday’s high of $35.83.

Binance Coin Price Prediction:

Binance Coin has shown its potential in this month, and the coin has become one of the best-performing currencies in this year. The coin may rose as high as $39 by the end of this week and may cross $50 in the next few months. By the end of the year, BNB may trade between $100 and $300.

Conclusion:

As per the current trend and our BNB Predictions, BNB is a good currency for long-term investments as well as short-term gains.

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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