Price Analysis

Binance Coin Price Analysis: Binance Coin Set The Ball Rolling; BNB Bullish Trend To Last Long

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  • Binance Coin may gain momentum in the second half of June
  • Binance Coin to go on the bullish run as recent partnerships yield results

Binance Coin has been focusing on increasing its reach by partnering with global clients. This includes its recent alliance with CoinFlip and Chiliz. These collaborations are expected to result in long term dividends for the investors, and the coin price has shown a considerable surge after the announcements. The current market trend, although slow promises a bright future for BNB holders.

BNB Price Statistics:

Binance Coin has been on a topsy turvy ride since last 5 days, and as we are approaching the weekend, the coin is reviving back towards the upward movement. At the start of the week on June 3, BNB was trading at $33, then it slid down to as low as $29 and further rolling to $28 with few jumps in between. Yesterday, the coin recorded a high of $32, and currently, it is trading at $31.

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BNB Price Chart

Particulars Statistics
Price  (USD) 31.28
Price (BTC) 0.00004912
Market Capitalization 4,453,785,909
24h volume 393,364,565
Circulating Supply 141,175,490 BNB
Return on Investment >9000%

There has been a downtrend of over 6% in the BNB value in last five days from $33 to now trading at $31. The Market Cap of the coin has reached over $4 Bn now and therefore the ROI is justified to be >9000% as on June 7, 2019, at 05:55:27 UTC.

BNB Price Prediction:

Binance Coin seems to be giving a breathing moment to the BNB traders before the coin resumes with the Bull Run again. The price of BNB may touch $50 by the end of 2019.

Conclusion:

It is the best time to invest in Binance Coin as the coin value is low and gearing up to shoot up soon. Long term returns are assured for early investors.

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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