BNB Price Analysis June 2022
BNB is a coin of the platform Binance. Its current price is around $227.48 by the time of writing, with a low of $184.54, and its market cap is 37.1 billion dollars. Crypto-collectables are becoming a thing, and football player Cristiano Ronaldo partnered up with Binance to be the endorser for the new NFT venture.
Table of Contents
What is Binance?
The Binance exchange provides users with an online exchange to trade cryptocurrencies. Most suited currencies can be found on the service. It has built-in crypto wallets, too, in case you want to store your digital funds. Binance keeps user’s transaction data secured so that it’s accessible only by users.
What is BNB?
BNB is the coin of the Binance platform, which is around $227.48 by the time of writing, with a low of $184.54. It reached a high of $669.35, and its current ranking is #5 according to CoinMarketCap, with a market cap of 37.1 billion dollars. Binance Coin is the platform’s token used to pay transaction and trading fees on the exchange.
BNB Coin Market Analysis
BNB has a total supply of 163,276,975 coins worth around $227.48 with a market volume of 1.1 billion dollars, whereas the market capitalization is 37.1 billion dollars at writing.
BNB Price Prediction
As the cryptocurrency markets have been so volatile, the Binance coin has had a lot of ups and downs. However, it still proves resilient to this day and remains very interesting in the long term.
On the 1D timeframe, the price action of $BNB/USDT works above the major horizontal support zone. We have to wait for a further price movement. Then we will make a decision.
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Closing Thoughts
Discipline and Patience are the most important components of a successful trade. According to the above analysis, the coins we just discussed about might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.
Disclaimer: Our analysis is for educational purposes.
