Binance Coin (BNB) Price Analysis: Going Against the Market Trend, will It be able to Maintain the Bull Run?
- Currently trading at 20.31 USD, with an ROI of more than 9000%.
- Binance Coin is one of the cryptos backed by Samsung Galaxy S10.
Binance Coin (BNB) decentralized and community-based cryptocurrency of the Binance platform. Interestingly, it derived its name “Binance” from a combination of two words, i.e. ‘binary’ and ‘finance.’
Analysis:
- Binance Coin (BNB) is currently ranked at 7th place in the crypto chart as per CoinMarketCap.
- Total Market Cap of the crypto was 2,866,657,889 USD, On May 09, at UTC 11:54.
- At the same time, the 24-Hour volume was 182,238,857 USD, with a total of 141,175,490 BNB chips in circulation.
- Against Bitcoin, the crypto was valued at 0.00334143 BTC per chip.
- Against Binance Coin’s 25-day’s back value, which was 18.72 USD on April 13, today, the value of crypto jumped off by 8.4%.
Comparison:
- All-Time High: 54 USD (Apr 20, 2019)
- All Time Low: 096109 USD (Aug 01, 2017)
- Yesterday’s High / Low: 35 USD / 19.80 USD
- Yesterday’s Open / Close: 78 USD / 20.75 USD
- Yesterday’s Change: -0.026487 USD (-0.13%)
- Yesterday’s Volume: 247,852,849 USD
Binance Coin’s Latest News:
Recently, a piece of news broke out that the developers of Binance Coin are all set to launch its own Binance Chain. The launching of a new chain is treated as a first step toward the unveiling of a new and one of its kind decentralized exchange, the BinanceDEX. On top of that, the latest announcement is viewed as a transition stage for Binance from being a company into becoming a community. Additionally, Binance delisted Bitcoin Satoshi’s Vision (BSV) after the conflict of interest regarding the naming. A noteworthy fact is that; Binance Coin is also among 16 default altcoins that have been backed by Samsung Galaxy S10.
Binance Coin (BNB) Price Prediction:
According to Binance Coin Forecast, if the current bullish trend persists, the price will cross 50 USD by the end of 2019. However, there is a short-term resistance at 30 USD.
