The cryptocurrency market was seen experiencing a correction after its recent uptick. Binance Coin (BNB) had a slow month. The asset recorded more dips than upticks. BNB’s monthly price change currently stands at a positive 1.49%. This increase is comparatively lower than the rest of the market. While the asset tried to linger above the $600 mark throughout the month, BNB dipped to a low of $522.72 during the second week of April. As the altcoin steps into a new month, the community is waiting to see BNB ascend towards $700 or even $800.
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Is Binance Coin Still Settled at $600?
Binance Coin has been struggling with volatility over the past couple of months. Following massive spikes during this period, the asset also recorded downturns. In the last month of 2024, BNB managed to score big as it surged to its all-time high of $793.35. The community was hit with mixed emotions as the altcoin was only a few dollars shy of $800. Currently, BNB is 24% below this price level.
At the time of writing, Binance Coin was trading at $602.10. This comes after a 0.19% drop over the past 24 hours. While BNB has managed to rise above $600 at the moment, the asset dipped to a low of $598.66 just earlier today.
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May 2025 Price Prediction
According to recent data curated by CoinCodex, Binance Coin is all set to have a bullish month of May. But moving to $700 would be a task for the cryptocurrency. The firm revealed that the asset will trade at a maximum price of $651 during the coming month. This highlights an 8.10% rise from its current price level. In addition, the average trading price of BNB was set at $512.05.
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