Price Analysis

Binance Coin Price Analysis: Binance Coin (BNB) Pauses For A Breather After New Record High

  • Binance Coin wraps up the week at $32 after crossing $36 milestone
  • Binance Coin to set new record high by the end of June

Binance Coin has been performing extremely well in 2019 and setting new record highs since past 2 months. The coin has not fallen below $30 in the last 7 days. The coming week may start on a slow note but as it approaches the weekend, BNB may rise up once again to trade at or above $36. The current market performance is exceptional and hugely satisfying.

Binance Coin Price Statistics:

In the last 5 days, Binance Coin has shown an uptrend of over 2% rise from $31.91 to its current value of $32.66 but the week has been a highly profitable one for the traders as the coin crossed $36 mark to set up a new record high value on June 13. As on June 16, 2019 at 05:02:07 UTC, BNB is trading at $32 and moving downwards.

BNB Price Chart - 16 June

  • The price of BNB is currently $32.66 and 0.00363463 BTC
  • The market cap of the coin has reached $4,611,298,569
  • The 24 h volume is now $495,162,761
  • The ROI of the coin stands at >9000%
  • The circulating supply of the coin is now 141,175,490 BNB

The coin moved between the range of $31 and $36 in the past 5 days and may trade above $40 soon.

Binance Coin Price Prediction:

Binance Coin is a high performing asset at the current moment and may cross $50 by the end of the year.  It may cross $100 by the end of next year and in the next 2 years it may trade above $500. The future of the BNB coin is bright.

Conclusion:

Bulk investment in BNB token is the best choice to make at the present times as the coin may soon cross $50 mark.

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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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