BNB Registers New ATH Against BTC
Binance Coin (BNB) was able to climax at an all-time high that outperformed Bitcoin (BTC) – and Changpeng Zhao, Binance CEO, isn’t surprised at all. Remarkably, the BNB/BTC pair reached $0.0124. On the other hand, the BNB/USDT pair spiked by 56.92% and still in the green lane but wasn’t as significant as the BNB/BTC pair.
According to CoinMarketCap, BNB price was up by 3.73% and currently trades at $291.12 as seen in the past 24 hours. Moreover, the token also gained an impressive number with its new monthly high that reached $298.06 in July 29.
Zhao Focused On BNB Price Increase
In addition, Binance Coin also spiked on a weekly chart by 8.81% implying that investors were able to rake in some profit. In any case, BNB has not yet been successful with outpacing BTC, ETH, and USDT in terms of market capitalization despite the coin’s all-time high.
Zhao responded to tweets saying that he did not have the time to constantly monitor the charts as he reiterated that his main focus was on building its price. Binance has been doing the deep work which may have resulted to BNB achieving steady gains against other major cryptocurrencies. More so, CZ even pointed out that he was always talking about Bitcoin and rarely touching on BNB.
Binance’s CEO Changpeng Zhao. Image: WIRED
Binance Coin’s volume has been on an upswing and this also goes the same way with its price which has already reached an impressive 30-day level. From July 29 and as of this writing, the token’s volume has increased to 2.78 billion from 1.46 billion.
Investors are keeping a watchful eye on the Binance Coin price movement looking for an uptrend or a decline. Nonetheless, CZ is more committed towards building instead of obsessing on price increase.
BNB Seen Hitting $384 On Sept. 30
With the entire cypto market victorious and in the green having breached the $1 trillion market cap level, crypto traders and investors are forecasting how the crypto will perform by the end of August.
The CoinMarketCap community made some wild prediction that BNB price will remain bullish and may shoot to an average price of $360.91 on August 1, 2022. For September, the community still has a bullish projection predicting that its price will shoot to $384.06 on September 30 which reflects a 35.09% gain compared to its current value.
On the flip side, a panel composed of 54 Fintech experts predicted BNB to go down to $274 which is incredibly lower compared to its current value.
BNB total market cap at $47.1 billion on the weekly chart | Source: TradingView.com Featured image from Letsexchange.io, chart from TradingView.com