Binance Coin (BNB) Price Analysis: Binance Coin Plans Global Expansion Through Strategic Alliances

eToro
  • Binance seeks global adoption as the platform partners with Elliptic
  • Binance to continue with the upward surge through global expansion

Since its inception, Binance has been creating a positive wave in the minds of crypto enthusiasts by being transparent about its technology and expansion plans. Recently, the company partnered with Elliptic to remain compliant to the trading guidelines. Earlier in the year, it has also collaborated with CipherTrace to ensure regulations are being followed on the exchange. With the introduction of Binance Chain, the company has stated out its objective of giving the competitors a run for their money. The current market report is also a testament to the bullish trends ahead.

Current Statistics:

Binance Coin Price Chart

eToro Crypto
  • Binance Coin is ranked at the 8th position in the top 100 cryptocurrencies list globally
  • As on May 11, 2019, at 09:14:01 UTC, the market cap of Binance Coin is 2,742,194,512 USD
  • The price of BNB is trading at 19.42 USD & 0.00296324 BTC
  • The 24 h volume is now 195,628,496 USD
  • The ROI of Binance Coin stands at >9000%
  • The circulating supply of the coin is now 141,175,490 BNB

Comparison:

In the last 30 days, the price of BNB has moved between the range of 25.53 USD and 16.81 USD. As on April 20, 2019, at 15:34:02 UTC, the market cap of BNB was 3,526,681,016 USD, the price was trading at 24.98 USD & 0.00470386 BTC. The 24 h volume has been 443,722,771 USD. The value of the coin has moved downwards by almost -22% in the last 20 days and ranged between 23.50 USD & 18.47 USD in the last 7 days. The first resistance level of the coin can be expected at 20.25 USD in the next few days.

Binance Coin Price Prediction until 2020:

Binance Coin (BNB) had reported an all-time of high of 25.54 USD very recently on April 20, 2019. In fact, the coin has maintained a growth trajectory since the onset of 2019 and is expected to cross its own benchmark very soon. The price of Binance Coin (BNB) has the potential to reach 50 USD by the end of 2019. It can even cross the 30 USD mark by the end of the first quarter of FY20. In the next 2 years, the value of BNB can reach as high as 200 USD.

Conclusion:

This is indeed the best time to buy Binance Coin (BNB) in bulk as the prices will certainly go higher with each passing day.

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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