BNB Price Analysis March 2023
BNB is a token of the platform Binance Coin. Its current price is around $276.48 at the time of writing, with a low of $184.54, and it has a market cap of 43 billion dollars.
What is Binance Coin (BNB)?
BNB is the coin of the Binance Coin platform, which is around $276.48 at the time of writing, with a low of $184.54. It reached a high of $459.81, and its current ranking is #4, according to CoinMarketCap, with a market cap of 43 billion dollars.
Binance Coin (BNB) is a digital asset created by the world-renowned cryptocurrency exchange, Binance. It uses the Ethereum blockchain under the ERC20 protocol. It can be identified in exchanges with its ticker symbol, BNB.
According to our technical analyses, Binance Coin (BNB) is a lucrative investment option. Trading BNB and adding it to your crypto wallet is easy, as it is among the most prominent digital currencies. Binance Coin (BNB) is a digital asset that can be used for trading and paying fees on the Binance Exchange. Binance is the most popular crypto exchange worldwide, processing an incredible 1.4 million transactions per second.
BNB Coin Market Analysis
BNB has a total supply of 159,979,964 coins worth around $276.48 with a market volume of 522 million dollars, whereas the market capitalization is 43 billion dollars at writing. Binance Coin (BNB) recorded its highest value at nearly $650 in November 2021 but has since dropped to the present value of $276.
Analysts believe that BNB’s performance in 2022 resulted from the bearish crypto market since if investors were losing value on other tokens, BNB did not stand much chance. However, with the crypto market seemingly bullish in 2023, BNB has the potential to achieve greater heights.
BNB Price Prediction
In the 2H timeframe, the price action of $BNB/USDT bounces off the horizontal support zone. The price is currently below the area of resistance. If it breaks through its resistance zone, it can move upward, and the order block will likely reject it.
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