BNX Price Analysis November 2022

BNX is a token of the platform BinaryX. Its current price is around $142.33 at the time of writing, with a low of $15.96, and has a market cap of 396 million dollars.

BinaryX Definition

Binaryx is a cryptocurrency exchange platform with social trading features. The crypto exchange is tailored for traders who are looking for all the trade tools in one place. Binaryx has always been user-focused and their new platform is simple to use for beginners. They are even making improvements soon with newer options like ETFs and crypto loans. BinaryX is the game platform behind CyberDragon and CyberArena. Both of them run on Binance Chain, a decentralized platform for trading derivatives.

What is BNX Crypto?

BNX is the coin of the BinaryX platform, which is around $142.33 at the time of writing, with a low of $15.96. It reached a high of $223.73 and its current ranking is #80 according to CoinMarketCap, with a market cap of 396 million dollars. The main token is BNX, which is used as the payment source in the CyberDragon metaverse. It also has governance aspects where holders can vote on decisions that affect BinaryX.

BNX Coin Market Analysis 

BNX has a total supply of 6,168,526 coins worth around $142.33 with a market volume of 25 million dollars, whereas the market capitalization is 396 million dollars at writing. 

BNX Price Forecast

In the 4H timeframe, the price action of $BNX/USDT is getting rejected from the resistance zone. Currently, the price is consolidating inside the rectangle. we have to wait for a successful breakout or breakdown to confirm its next move.

For any time, on-demand analysis on $BNX or any other coin can join our Telegram channel.

Bnx Price Chart November 2022
BNX Price Chart November 2022

Closing Thoughts

Discipline and Patience are the most critical components of a successful trade. According to the above analysis, the coins we discussed 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 Research before investing.

Pratyaksh
Pratyaksh

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