However, BSC is still the third largest player in the DeFi industry, with a daily volume of $275.39 million.ĭespite this, BSC remains a major player in the DeFi industry and is well-positioned to benefit from any future expansion in the sector.īSC is a great choice for both newcomers and experienced users of the Web3 world. The Total Value Locked (TVL) of Binance Smart Chain (BSC) has decreased significantly from its all-time high of $44.09 billion to $4.495 billion, according to DeFi Status. The coin’s current position is heavily influenced by a solid resistance trendline, resulting in it oscillating within a tight bracket. Despite this, Binance exchange remains the largest cryptocurrency exchange by volume and one of the most reputable centralized exchanges.Īfter slipping below the pivotal $300 mark, BNB’s price is on a quest to stabilize. The price of BNB has lost 12% year-to-date and is currently trading at $215.10, a 38% discount from its 2023 high. However, a double top fallout below $220 could test the psychological mark of $200 and trigger a bearish trend. If the breakout occurs, the next target for BNB price could be $250 and, eventually, $300. If the broader market continues its upward trajectory, BNB could capitalize on this momentum and break above the $230 resistance. Nevertheless, the rising 50-day EMA will provide a bullish cushion to any minor corrections and improve the reversal chances. However, the price action haunts a potential double top pattern that could lead to a price fall below its neckline at $220. However, the incredible supply resulted in a retest of the $220 mark but showcased a post-retest reversal.Īs of the latest data, BNB is trading at $227.7, experiencing an intraday rise of 1.47%. In the recent rally, the BNB price shot up by 12% to challenge the overhead resistance of the consolidation range at $230. Further, the chances of the upcoming altcoin season boost the investor’s interest towards Binance, the biggest centralized crypto exchange. Sustaining the BNB price above the $200 mark, the buyers regain trend control as the overall market bounces back. Binance (BNB) Price Prediction November 2023 Binance has experienced a 49% increase in new users in MENA. Product Closures: Binance shuts down its Binance Pay to refocus on core projects.īinance’s Growth in Dubai: Binance is expanding in Dubai because the UAE is crypto-friendly. Product Innovation: Binance launched Dual Investment and Range Bound products, expanding user investment options. Department of Justice is preparing a lawsuit against Binance for fraud charges. and its founder, Changpeng Zhao, highlighting increased regulatory scrutiny in 2023. SEC filed 13 charges against Binance Holdings Ltd. Workforce Reduction: Binance cut over 1,000 positions to streamline operations and improve efficiency. CoinPedia’s Binance (BNB) Coin Price Prediction.Our BNB price prediction provides a more in-depth look at the fundamental analysis, technical analysis, upcoming regulatory updates, partnerships, and other factors that could affect the price of BNB.Ĭontinue reading to learn if Binance (BNB) is a good investment at $200. To answer these questions and provide a clear view of the BNB price action, we present our Binance Price Prediction for 2023-2030. Nevertheless, as the regulations remain a concern, it raises questions like, “Is Binance safe or not?” or “Will Binance go higher in 2023?” Moreover, with the crypto trading back in trend, the volumes will increase and Binance can capitalize on those gains.Īs Binance remains the biggest centralized crypto exchange, investors are expecting growth in BNB prices in the coming years. Gaining momentum and sustaining above $200 remains a highlight for BNB price and increases the likelihood of crossing the $300 barrier. The Binance (BNB) coin price rides the recovery trend but remains under some crucial resistance. With an impressive recovery in October, the altcoins are giving remarkable returns and reclaiming lost levels, teasing trend reversal. BNB Coin price, with a potential surge, could go as high as $2,081 by the end of 2030.Binance coin price could reach a maximum of $350 by the end of 2023.
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