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Price Analysis

Binance Coin (BNB) Price Analysis: Will Binance Coin Cross Its All-time High Once Again?

  • Binance increases security in transactions by partnering with crypto regulations firms
  • Binance Coin’s price responds bullishly to the Bitcoin rally

Binance has launched a unique concept of using blockchain for trading and has seen tremendous response from the market enthusiasts soon after its introduction. 2019 has been a good year for Binance Coin, and it is on the cusp of creating one more history once again.

Current Statistics:

Binance Coin Price Chart

  • According to the CoinMarketCap, Binance Coin is positioned at the 7th place in the top 100 cryptocurrencies globally
  • The ROI of the coin stands at >9000%
  • The circulating supply of the coin is currently 141,175,490 BNB, and the total supply is 189,175,490 BNB
  • The price of the coin is trading at USD 24.36 & 0.00305145 BTC as on May 14, 2019, at 11:44:03 UTC
  • The market cap at the same UTC is noted at 3,438,474,418 USD
  • The 24 h volume is now 372,239,384 USD

Comparison:

In the last 30 days, the price of BNB has traded between 25.53 USD and 18.47 USD. In the last 7 days, the lowest price remained the same, but the highest has dropped to 24.53 USD. As on April 23, 2019, at 17:34:02 UTC, the market cap of the coin was 3,380,142,961 USD, the price of the coin was trading at 23.94 USD & 0.00430751 BTC, and 24 h volume was 252,729,018 USD. This reflects an upward trend in the coin of over 1%. Investors and BNB holders speculate an increase in price and adoption very soon.

Binance Coin Price Prediction until 2020:

Binance Coin recorded its all-time high of 25.54 USD on April 20, 2019, and the current scenario depicts the creation of a new record once again. Binance, the decentralized crypto exchange and one of its kind platform has been leaving no stone unturned to provide full transaction security to the traders. The company has partnered with firms like Identity Mind, CipherTrace, Elliptical, and Certik to keep money laundering practices in check. This is a huge step to gain the trust and faith of the investors and increase the mass adoption of Binance Coin. The price of each BNB can reach as high as 50 USD by the end of 2019 and can reach up to 200 USD by the end of 2020.

Conclusion:

The long term outlook of Binance Coin is very promising with huge returns. Buy Binance Coin now and observe the movement in the next few months for second investment.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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