Binance, a global cryptocurrency exchange catering to over 171 million users worldwide, has been at the forefront of the crypto landscape since its establishment in 2017.
Known for its user-friendly interface and competitive transaction fees, Binance has recently found itself in the midst of significant developments, notably the resignation of its CEO, Changpeng Zhao, who also pleaded guilty to criminal charges.
Following Zhao’s departure, Binance Coin (BNB), the native cryptocurrency of the platform, experienced a noticeable drop in price. However, recent market trends indicate a rebound, with BNB currently trading at $319, reflecting a 0.5% surge in the last 24 hours.
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As the entire cryptocurrency market trades in the red at press time, attention turns to predicting the trajectory of BNB and how high it can go in January.
Will BNB hit $350 in January?
Cryptocurrency experts at Changelly delve into BNB’s historical behavior, particularly at the onset of 2024, to offer insights into the potential price movements for January 2024. The predicted range suggests a BNB price of $445 during the month, with a projected minimum of $318 and a maximum reaching $572.
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Market conditions and price action will play pivotal roles in determining whether Binance’s BNB coin can sustain its upward momentum into January 2024. Changelly’s prediction reveals that BNB can easily hit $350 by January 8, 2024.