Price Analysis

Binance Coin Price Analysis: Binance Coin Revives from the Slumping Trends and is Expected to Continue Likewise

Binance Coin is listed oN Coinsuper, which is the most renowned exchange in Hong Kong. With the dual fiat channels of Coinsuper: $USD and $HKD will be supporting the Binance Chain Ecosystem along with BNB.

Price Analysis of Binance on 6th July 2019:

BNB is currently trading at $32.7732 at 08:20 ITC as on 6th July 2019 and is expected to escalate even more. The other calculated factors of the coin are as below:

Binance Coin

  • Return on Investment: More than 9000%
  • Market Ranking: 7
  • 24 Hour Volume: 198,991,803 USD
  • Market Cap Value: 4,664,274,590 USD
  • Total supply/ Circulating Supply: 189,175,490 BNB/ 141,175,490 BNB
  • 7 Day high/ low: 35.53 USD/ 30.88 USD

Comparison:

On 2nd July at 04:50 UTC, the value of BNB was touching the upside at 33.6943. However, in just few hours at 11:10 UTC, the value dropped by 9.76% trading at $30.414. In next two days, the value realized the highest of the trade on 4th July at 12:00 UTC and increased by 13.86% trading at $34.585. However, yesterday, as on 5th July, the value dropped again by 6.36% at 02:50 UTC with the coin trading at $32.3676 which is now increased by 1.25%.

Prediction and Conclusion

BNB has manifested to trade in the bullish zone to a major extent. However, the trade is strong enough for investors to realize profits. The value is hoped to fluctuate upwards for a stronger bullish trend, however, if it slides to the pivot mode, it might attract more potential investors to jump in the network as Binance Coin is the result giving coin.

With Coinsuper on board, the value is predicted to move in the upward motion. And if it continue to grow in the similar direction, the coin is expected to trade around $50 to $100 by the end of the year.

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Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.
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