Binance is one of the world’s largest cryptocurrency exchanges. In 2017, the exchange began offering services. It has more than 30 million users worldwide. The exchange is straightforward for customers and has a low transaction fee.
Unlike other trading platforms, Binance expanded and created jobs during the weak and falling market of 2022. However, the exchange has been under scrutiny recently for numerous reasons, including the SEC’s recent scrutiny of Paxos. With the recent news that Coinbase plans to suspend BUSD trading, here is our price prediction for BNB for March 2023.
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BNB Price Prediction for March 2023
Following the Coinbase news, the price of BNB has dropped by 1.52% in the last 24 hours. BNB is trading at $301.51 at press time, according to CoinMarketCap data.
Cryptocurrency experts at Changelly predicted the price of BNB for March 2023. According to the analysts, the coin is forecast to reach a minimum of $315.76 and a maximum of $336.77. The average price is expected to be $327.
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However, the price can greatly fluctuate based on the sentiments revolving around the cryptocurrency exchange Binance. If the exchange is depicting signs of easing from the scrutiny and other issues, the price is likely to spike. If the situation proves otherwise, the price can potentially drop.