Price Analysis

Binance Coin Price Analysis: BNB Can Cross it’s All-time High Value Once Again to Set a New Record

eToro
  • All eyes are set on Binance Coin as the currency may cross the $35.59 mark soon
  • Binance Coin is one of the most lucrative investments of 2019

This is a time of celebration for all the BNB currency holders for the spectacular performance of the currency in the last few days. Although BNB has been showing a continuous uptrend since the beginning of the year, but it is better than ever as it has recorded an all-time high value. Investors, traders, and market analysts unanimously anticipate BNB prices to go up further, and the current market data reaffirms this speculation.

Binance Coin(BNB) Price Statistics:

BNB price chart - June 03

eToro Crypto
Particulars Statistics
Price  (USD) 31.96
Price (BTC) 0.00376549
Market Capitalization 4,614,901,310
24h volume 465,022,241
Circulating Supply 141,175,490 BNB
Return on Investment >9000%

With a market cap of over $4 Bn, Binance Coin is ranked at the 7th position in the global cryptocurrencies list. The price of the coin is trading at $31.96 as on June 3, 2019, at 08:20:00 UTC and is moving in the upward direction once again. In the last 5 days, the price of BNB coin peaked as high as $35.59, and it has grown by almost 6X times since the onset of 2019 when the coin was trading at $5. There has been an uptrend of over 52% in the last 25 days, and it continues to grow higher in the coming days.

Binance Coin Price Prediction:

Binance Coin reached its all-time high value of $35.59 on May 30, 2019, and it is all set to cross this benchmark as well in the days to come. The coin was noted moving upwards at the time of writing and can cross the $36 mark by the end of the week if the bullish zone is well embarked by the coin.

BNB Conclusion:

This is one of the best times to invest in a currency like BNB for its tremendous upward surge since the beginning of the year, strong technical support and a bulletproof backing from the key market players. Buying in bulk for long term gains will put investors to a cheerful frame of mind.

 

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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