Binance Coin, or BNB, is a leading crypto token that is steadily carving its own pace. The token has been up 5% in the last week, trading at a price threshold of $614. With the current bullish onset of the market, several notable crypto analytics platforms have forecasted fresh predictions for the token based on the current market trajectory and pace.
Per CoinCodex, BNB can achieve a critical price milestone in the month of June, including heading towards a new ATH, if it continues to leverage the bullish phase of the market.
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Binance Coin or BNB June Forecast
Launched as a central coin powering the Binance cryptocurrency exchange, BNB has come a long way since its inception in 2017. Since then, the token has been serving the exchange by facilitating a wide variety of functionalities, including helping users avail a discount on Binance while transacting via BNB coin.
Per CoinCodex, BNB may spike by 19% to trade at a new price mark of $700 by June 20. With Bitcoin steadily ascending towards $70K, the altcoin market is expected to reciprocate accordingly, presenting stellar price values to market traders.
“According to our current Binance Coin price prediction, the price of Binance Coin may rise by 19.54% and reach $735.81 by June 22, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 76 (extreme greed). Binance Coin recorded 14/30 (47%) green days with 2.44% price volatility over the last 30 days.”
Per CC, Binance Coin is also predicted to rise by 4%, trading at a $652 price value by May 30, 2024.
“The Binance Coin price forecast for the next 30 days is a projection based on the positive and negative trends. Based on these Binance Coin projections, BNB may trade at $652.81 on May 30, 2024, gaining 6.05% in the process.”
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How Will BNB Conclude the Year 2024?
2024 will always be dubbed a special for the overall cryptocurrency market. The vertical documented the bullish phase of the market that helped push Bitcoin and altcoins to touch new price highs. The tidal wave of this phase also helped BNB cross critical price markers to gain further traction.
Per CoinCodex, BNB may trade at the $1,025 price mark by the end of 2024.
“Binance Coin may trade within a range of $614.53 and $1,025.59. If it reaches the upper price target, BNB could increase by 66.85% and reach $1,025.59.”