Price Analysis

Binance Coin Price Analysis: Binance Coin Trades Slowly In The First Week Of June

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  • Binance Coin to showcase continuous upward movement in the coming week
  • Binance Coin may have bid adieu to the slow days

After a few days of downward movement, Binance Coin is slowly picking up the pace to trade higher and may cross the $32 mark by the end of the day. The week’s performance has been a little slow, but it may only be an indication for the upcoming bullish trend. From next week onwards, the price of Binance Coin may increase, and investors seek it to achieve set targets as soon as possible. The current market data portrays a progressive picture.

BNB Coin Price Statistics:

As on June 8, 2019, at 06:25:39 UTC, Binance Coin value was recorded at $31.54, showing an upward movement since the last 24 hours. If we look at the past 5 days, the coin value moved between the range of $32 and $28. The highest price of BNB peaked to $32.35 while the lowest dipped to almost $28.78. It has been reviving back after showing a downtrend of over 2% in the last 5 days.

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Binance Coin Price Chart - 8 June

  • Currently, the price of BNB is recorded at $31.54 and 0.00404599 BTC
  • The 24 h volume has reached $394,919,985
  • The market cap is now noted at $4,454,605,316
  • The circulating supply of the coin is 141,175,490 BNB
  • The ROI now stands at >9000%

Throughout the week, BNB kept moving up and down without maintaining a steady upward movement but last 24 hours have witnessed a continuous surge in price. This is expected to continue in the coming week.

BNB Coin Price Prediction:

Binance Coin may cross the $35 mark by the end of June and heads towards higher targets in the next quarter. By the end of the year, BNB may set a new record high of over $45, and two years down the line it may range between $100 and $500.

Conclusion:

It seems that BNB will go on a bullish trend drastically with a sudden increase in the price of the coin, and hence, this is the correct time to invest in bulk and save for the future.

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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