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Price Analysis

Binance Coin Price Analysis: Binance Coin (BNB) May Trade Above $40 Soon

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  • Spectators can’t get enough of Binance Coin and wish it cross $50 soon
  • Binance Chain’s strategic moves will bring good fortune for BNB traders & investors

Binance Coin remains to be one of the high performing assets in the current cryptocurrency market, and the coin has been instrumental in living up to the expectations of the traders and investors since the past few weeks. Binance Chain’s latest announcements of adding new currencies to the exchange and collaborating with platforms like Stratis AMA are only going to add more fuel to the rocket that BNB has become. The current market performance of the currency is reassuring and paves the way for a bull run.

BNB Coin Price Statistics:

As on June 26, 2019, at 06:03:42 UTC, the price of BNB is noted at $36.30 and is rising upwards. In the last one day, BNB has recorded a downtrend of over 2% falling from $37.21 to its current value but enjoyed a few moments of a surge in between.

BNB Price Chart - 26 June
BNB Price Chart
  • The price of BNB is noted at $36.30 and 0.00305666 BTC
  • The market cap of the coin is now $5,101,799,663
  • The 24 h volume has reached $298,942,759
  • The ROI of the coin stands at >9000%
  • The circulating supply has crossed 141,175,490 BNB

BNB rose almost exponentially at the beginning of the day from $35.55 to reach $36.85 before it started dipping again. The highest recorded value of yesterday was $37.39, and the coin may move past it by the end of the day.

Binance Coin Price Prediction:

The highest recorded value of BNB continues to be $39.57 as noted on June 22, 2019, and the coin may cross this value by the end of the week to move past $40 and trade above it in the coming weeks. The $50 dream is also not very far for BNB holders, and it may get fulfilled by the end of next month. The currency may close the year trading between $100 and $300.

Conclusion:

This is a great time to invest in BNB currency and save for future goals as the returns are huge and assured.

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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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