Binance’s BNB token seems to be recovering from the recent market correction, fuelled by Iran’s attack on Israel. The asset is down 0.5% in the daily chart but is up 9.5% in the weekly chart, 4.8% in the 14-day chart, and 9% over the previous month. Moreover, BNB’s price has surged by 82% since April 2023.
Also Read: Binance BNB Predicted To Hit New All-Time High: Here is When
BNB’s latest rally could be due to BTC reclaiming the $66k level. BTC’s recovery is likely due to continued inflows into spot BTC ETFs (exchange-traded funds). According to Bloomberg ETF expert Eric Balchunas, BlackRock’s BTC ETF is inching closer to entering the top 10 ETF list.
Binance BNB price prediction for April end 2024
According to CoinCodex, BNB will enter a bullish phase for the next few weeks at least. The platform anticipates BNB to hit $645.17 on Apr. 30, 2024. Reaching $645.17 from current levels would translate to a growth of about 7.01%.
Furthermore, CoinCodex anticipates Binance’s BNB token to hit a new all-time high next month. According to the platform’s data, BNB could hit $757.75 on May 12, 2024. Reaching $757.75 from current levels would translate to a growth of about 25.68%.
Also Read: Can Binance Coin (BNB) Hit $800 By April End?
Changelly also paints a bullish picture for Binance’s BNB coin. The platform anticipates BNB to hit $636.19 on Apr. 30, 2024. Furthermore, Changelly also expects BNB to hit a new all-time high next month. The platform predicts BNB to go as high as $750.26 on May 11, 2024.
The bullish outlook around BNB could be due to bullish predictions for Bitcoin (BTC). Many analysts anticipate the original cryptocurrency to hit a new all-time high soon. If BTC reclaims its peak, it may lead to a market-wide rally.