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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

BNB Basks In The Green As Price Glows 5.84% In Fields Of Red

Christian Encila
Christian Encila
2 years ago
2 mins read
BNB

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While the rest of the tokens are smothered in red Wednesday, Binance Coin (BNB) is relishing its place in the green zone for the third day in a row this week.

Binance Coin’s price surged by 5.84% and is currently trading at $256.54 as of this writing. The coin currently has a total market cap of $41,367,894,785.

The coin is primarily targeting 61.80% on the upside, and then shooting for the next target at $265.7. Its third target is 23.60%.

Related Reading | Shiba Inu Whales Trading Volume Surges 640% As SHIB Holds Critical Support

BNB is bracing itself on the downside at a fib level of 98%; next is at 127.20%, and the third at 161.80%. Its
24-hour price outlook is at the $293.6 to $249.8 range.

The 24-hour price range for BNB is between $239.6 and $249.8. In addition, the coin’s weekly or 7-day price range is seen between $239.6 and $270.93. On average, the 30-day price is at $239.6, or a spike of 1.17%.

For Reference: BNB Price On Same Date In 2021 At $313.7

Binance Coin was reported at $249.3 yesterday and in the green lane for the second day in a row.

According to Fintech and crypto analysts, BNB is forecasted to end in 2022 at $274. Finder polled around 54 individuals and predicted that BNB price will shoot for $781 in 2023.

Kevin He, CloudTech Group COO, made a forecast that BNB will gallop at $250 by the end of the year. More so, He predicted that BNB will soar to $1,000 by 2030, He believes that the coin will come on strong mainly because of Binance’s robust ecosystem.

Joseph Raczynski, a Thomson Reuters futurist, and technologist, who believes in the power and dominance of Binance as a global change, is extremely bullish than other panelists.

Raczynski is fully convinced that “While BNB is not decentralized; it still can serve a purpose for fast and cheap transactions. That has a cost though. Binance could change parameters on the token without general consensus and they are far more likely to be a single point of failure.”

BNB total market cap at $41.5 billion on the weekend chart | Source: TradingView.com

Related Reading | Cardano Joins The Red Screen – How ADA Fell To $0.45 Over Last 24 Hours

BNB Seen Climbing To $3,000 In 2030

Ben Ritchie, Digital Capital Management managing director, believes that the BNB ecosystem is bound to continuously grow and can even soar to $3,000 in 2030.

Meanwhile, BNB Chain is also bent to build a layer 2 chain in the Binance networks which are incredibly helpful in buffering the costs and expensive gas fees in the future which are also the same problems experienced by Ethereum.

With Binance Coin issues with SEC, Martin Froehler, Morpher CEO, believes that SEC has this thinking that every single crypto is a security and that BNB was in effect sold to U.S. customers.

Roughly 50% of the panelists recommend holding Binance Coin, 30% say yes to selling the coin, while 20% say to buy BNB.

Featured image from Finance Zipmex, chart from TradingView.com
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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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