Binance Coin Trades For A Record-High Price As BNB Crypto Token Sees Best 15 Month Value Point
Binance Coin Trades For A Record-High Price
The value of the Binance Coin (BNB) has increased by a whopping 230% over the past 90 days. As of now, the currency is going for $17.30 and has a market capitalization value of $2.4 billion, making it the 7th largest digital currency.
Recently, Binance coin traded for $17.73, its highest value for over 15 months.
Binance Coin Vs. The US Dollar
The following is an overview of the recent performance of the Binance Coin against the American dollar.
- Over the past one month, Binance Coin has performed impressively against the dollar. The coin has gone beyond $16.80, which was previously regarded as its peak price.
- If the bull market persists, the value of BNB will soar to$17.50 in the long run, this value will certainly exceed $20.
- Lately, the market has experienced overbought conditions, meaning that it needs a breather before continuing its growth.
- The trading volume is high because of the increased activity throughout March.
Binance Coin Vs. Bitcoin
Below is an overview of the performance of the Binance Coin against Bitcoin.
- The value of BNB against the dollar has been increasing over the past month. The coin is currently trading at 0.0044 BTC, up from 0.0042 BTC.
- BNB is expected to grow further such that it trades at 0.0046 BTC.
- As mentioned above, BNB is currently being overbought. Because of the anticipated price correction, the value of BNB will drop momentarily before picking up again.
- The trading volume has been consistently high throughout March.