Price Analysis

Binance Coin Price Analysis: Price Upsurge pushed BNB towards $36

Binance coin (BNB) is back in the market with the bull. The coin is acting positively today and giving new hopes to the investors. The Binance coin is at the 7th rank in the crypto market. The coin is holding its position tight for a long time.

At present, the moment of Binance coin is also looking positive. In the coming year, the long term investors will be seen drawing profits out of the coin. The marketers believe that coin will soon rise in terms of rank on the chart.

Let’s see the intraday chart of Binance coin.

Binance Coin Price Chart:

Binance Coin Price Chart- June 31

Current Statistics of Binance coin:

The chart is taken from Trading View on 15th June 2019, at 11:03:48 UTC for price analysis.

  • The price of Binance coin is $33.87 USD
  • The 24hr volume of BNB is 696,788,829 USD.
  • The market capitalization of Binance coin is 4,757,126,256 USD.
  • The Return on Investment (ROI) is noted as >9000%.
  • The circulating supply is 141,175,490 BNB.

The market was seen falling yesterday. Binance coin also came under the influence and fell drastically. The major drop experienced during the first half of the day, as the price dropped from $35.20 to $29.97 marking a regression of 15.02%.

The second half of the day reflected a recovery of 4.36% as after opening at $32.67 the price jumped to $32.09. BNB is likely to move with the same momentum for the rest of the day.

Binance Coin Price Comparison:

If we compare the price of Binance coin from last month which was $23.93 with that of current price as on 15th June 2019, at 11:03:48 UTC which is $33.87, the increase marked would be around 41.53%.

Binance Coin Price Prediction:

Binance coin will soon be seen touching $37 in the coming months. Towards the end of 2019, the price of Binance coin is likely to touch $50. The future looks flourishing with Binance coin, hence the investment would be beneficial for short-term and long-term investors.

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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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