What Is Binance Coin ,BNB?
Binance crypto was first launched in July 2017. The name of the exchange Binance to show its new paradigm in world finance i.e Binary Finance/ Binance. Binance is a world 3rd famous cryptocurrency exchange having daily trading volume is more than $1,346,497,600 USD & Market cap of Binance crypto is more than $80,311,295,266 USD. Binance exchange had launched a complete ecosystem of functionalities for its customers. The vast network of Binance covers Trust Wallet, Binance Smart Chain, Binance Chain ,Binance Academy, and Research projects which powered with blockchain technology which help to bring latest age finance to the world. It also include sub projects under brand name of Binance.
Founders of Binance Coin, BNB?
Binance coin is firstly
discovered by Changpeng Zhao who is CEO of Binance. In the year of 2001, Changpeng
Zhao had joined Bloomberg group as leader of
tradebook futures development. Changpeng Zhao spent 4 years with the Bloomberg
group after this he had joined Fusion Systems as business partner.
From last 8more than 8 years, Changpeng
Zhao has been active with blockchain technology & cryptocurrencies. Changpeng
Zhao had appointed as a head of development at Blockchain. Later on in the year
of 2015, Changpeng Zhao discovered BijieTech. In 2017, he
publicly launched Binance, since 2017, Changpeng Zhao is a CEO of the Binance.
Later on Changpeng Zhao &
HE-YI both established world largest crypto exchange globally recognised by the
name of Binance.
Why Binance Coin Unique?
Binance coin is based on
ecosystem of decentralized, blockchain networks. Binance has heighten to be the foremost crypto exchange in many of countries, and their subsidiaries are
attracting significant interest as well.
One major thing which gives
advantages to Binance as compared with
other is binance has is its drive for
development. At present, Binance has established its services in numerous
different spheres. As per Binance company website, Company motive is to become
the infrastructure services provider for the entire blockchain ecosystem.
As per the Technical charts of the Binance coin, BNB, it is clearly in bullish trend on short term & long term chart pattern. Current price of Binance, BNB is at 482.43 USD. If BNB price sustain above the price level of $465 in the coming days & BNB gives close above the price of $490 or $498 then we will see big rally in the Binance, BNB crypto. In the case, Price of BNB may reach up to the level of $515, $530, $548, $563, $579, $598 to $608 in the coming days or few weeks. In this trade BNB Traders should keep strict stoploss of $462 on closing basis.
Another Trading strategy in BNB Coin:
If BNB Coin Price gives closing above $612 in the coming months Then BNB Coin Price may reach up to the level of $650 to $675 in the coming months. In this trade, BNB Coin Traders & BNB Investors should raise their stoploss of $598.
Binance, BNB Coin Price prediction for the year of 2022 to 2023:
BNB Coin has huge potential in the future. It is the crypto exchange having strong grip on the crypto market. If Cryptocurrencies have great future then exchanges like binance has strong growth potential in the coming years. We have already discussed above regarding Binance business model. For the long term Investors of BNB Coin, it is better to accumulate BNB for at least 2 to 3 years point of view. In the recent few months we have already seen huge upside movement in the price of BNB Coin and Today since morning of 25-oct-2021. BNB Coin is trading at $482. If in the coming months Binance, BNB coin gives closing above $672 with great volume then the targets for the BNB Coin will be opened we may see multiple returns in BNB Coin in the coming months & years. As per our research BNB Coin price may reach $780 to $850+ in the coming months or years. But BNB traders & Investors should also follow strict stoploss of $502 or $498 for long term investment point of view.
Note: Above discussion is based on the Strict stop losses. Traders & Investors have follow given Buying price levels for reaching the above price targets in the BNB Cryptocurrency.
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