The bullish trend in the crypto market is slowing into bearish. The major coins of the market have turned red apart from Bitcoin (BTC). However, there are some tokens which have still kept the uptrend intact, and one of them is Binance Coin (BNB).
Binance Coin (BNB) is expected to recover the recent drop by today’s upsurge. The expectations of the coin are high. If we talk about yesterday, the coin touched a high at $23.54 and a low at $21.57. Let’s see how the coin is moving on the intraday chart.
Current Statistics of Binance Coin:
- The price of the coin is at $22.90.
- The ROI stands at >9000%.
- Market cap is noted as $3,561,200,183.
- 155,536,713 BNB coins are circulating in the market.
- The 24hr volume of the coin is $293,977,283.
BNB to USD Price Comparison:
The chart is taken from Trading View on 06th September 2019 at UTC for price analysis.
Yesterday, the coin started trading at $21.69. BNB took a moderate jump and touched $21.9 by 1.23%. BNB started slipping down after touching $21.96 and then booked a steep recovery and went up to $23.4 from $21.4. The uptrend was of 9.05%. BNB closed at $22.60 with an intraday progression of 4.23%. Today, the coin opened with a slight uptrend. After a few pickups and drops, the coin marked a major jump of 2.48%, and the price counters changed from $22.3 to $22.8.
Binance Coin Price Prediction and Conclusion:
Binance Coin (BNB) was seen slipping in the last couple of days. As we can see from the chart, the upsurge embarked yesterday. The coin is moving up with a tremendous speed leaving the market pressure behind. During the opening hours, the market was dealing with the bear, but Binance Coin (BNB) kept moving up. We are suspecting that the intraday traders would experience a good day ahead. In the coming years, the coin is likely to deal with a 4% to 5% profit. The coin would be best suited for long term investors.