Price Analysis

BNB Price Analysis: Binance Coin (BNB) Falls Below $30 Slowing The Upward Surge

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  • BNB Coin rests after the Bull Run to regain momentum for another one.
  • BNB remains to be the preferred crypto for long term investments.

Binance Coin started the year with low value but continued the upward surge & never looked back. The coin has been given its competitors tough fight in the fluctuating market scenarios without getting deflected from its upward path and finally reached the all-time high value of $35 recently on May 30, 2019. The partnerships and support of companies like Deloitte have made it one of the preferred currencies for investments, and it promises huge returns. The current market data for Binance Coin has although slowed down the pace but only to return with greater momentum.

BNB Coin Price Statistics:

BNB token has fallen from $34 to $29 in the last 5 days and continues to show a downward trend. As on June 5, 2019, at 05:07:17 UTC, the following price trend was noted.

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BNB Price Chart - 5 June

Particulars Statistics
BNB Coin Price (USD) 29.61
Binance Coin Price (BTC) 0.00378507
Market Capitalization 4,143,527,971
24h volume 413,246,060
Circulating Supply 141,175,490 BNB
Return on Investment >9000%

There has been a downward trend of over 18% in the last 5 days, and the BNB coin is showing no recovery signs to the investors who were expecting BNB coin to cross the $35 mark in June. The steep fall in the price of BNB happened in the last 24 hours when the coin value moved below $30. However, as per the past 5 months record of BNB token, it may revive back once again towards upward movement in the next week.

Binance Coin Price Prediction:

BNB price can regain the momentum as the ongoing slow trend passes and can cross the $50 mark by the end of 2019. Two years down the line, it is likely to be priced between $100 and $500, once it trades beyond the said price of this year.

Conclusion:

The current ROI of BNB is >9000% indicating handsome Returns on Investments. It continues to be a preferred investment choice for many traders and users as BNB promises good dividends on bulk investments and fruitful for long term investments.

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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