Ethereum News

Binance Coin records 2% downtrend trading around $26 again in a day

  • Binance attracts new users by selling Perlin tickets on the platform
  • Binance Coin may go bullish from next month onwards

Binance Coin has given some continuous days of slow trends, but the coin is still a high performing asset and may turn up the heat by going bullish soon. The current market performance of BNB token indicates rising trends ahead.

BNB Price Analysis

As on August 24, 2019, at 09:10:46 UTC, the price of BNB token is noted to be $26.42. The coin has recorded a downtrend of over 2% in the last one day dipping from $27.00 to its current value. At first, BNB was observed to be rising up and surged up to $27.31 before it started on the downward path again. BNB was seen to be trading around $26.86, in the beginning, today but has fallen further down over the last few hours.

  • The price of BNB currently is $26.42 and 0.00261796 BTC
  • The market cap of the coin has reached $4,126,161,488
  • The 24 h volume has reached $165,168,482
  • The ROI of the coin is >9000%
  • The circulating supply of the coin is 155,536,713 BNB

In the last 30 days, the highest recorded value of BNB was $31.30, and it has slipped a lot since then. In the last 7 days, the coin recorded highest at $29.06, and it may take another one week for the coin to reach up to this value.

BNB has given some record-breaking performances in the months of June and July this year, and the rising trends may return soon for this coin. It may happen suddenly, so keeping a close watch on the movement of BNB once it crosses $30 is important. The coin may rise up to $35 in the next 2 months and may set a new record high by trading above $40 by the end of this year.

This can be regarded as a perfect time to plan good investments in the BNB token. The coin is giving >9000% ROI for the last 4 months, and it may continue to be so in the remaining months of the year as well.

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Kelly Finley
Kelly Finley is a finance graduate and financial professional. She is also a freelance content writer and writes on topics like finance, cryptocurrencies and stock market. She is also passionate about learning new languages and exploring new things.

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