Binance is one of the world’s largest cryptocurrency exchanges. In 2017, the exchange began offering services. It has more than 150 million users worldwide. The exchange is straightforward for customers and has a low transaction fee.
The price of BNB has dropped by 1.7% in the last 24 hours. BNB is trading at $224 at press time, according to CoinMarketCap data. BNB is down by 2.3% in the last seven days and 30.5% year-to-date.
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BNB Price Prediction for November 2023
Cryptocurrency experts at Changelly are offering their price prediction for the price of BNB in November 2023. According to the analysts, the coin is forecast to reach a minimum of $222.94 and a maximum of $604. The average price is expected to be $413.
However, the price can greatly fluctuate based on the sentiments revolving around the cryptocurrency exchange Binance. Binance has been going through a fair share of scrutiny following the lawsuit by the SEC and other US regulators. If the exchange is showing 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.