Binance is most certainly one of the most popular and biggest crypto exchanges with great authority in the market, although it is not among the first. Binance has a major ecosystem that includes many blockchain-based and crypto products, which is not the case with many crypto exchanges. As the native crypto exchange, Binance Coin (BNB) went through a major surge several weeks ago when Binance announced launching several new cryptocurrency products. At the time, BNB surged to reach a new all-time high on February 19th, trading at 339$. Binance Coin is trading -23% down compared to its ATH, however, new rises are evident across BNB charts. Despite the dips, Binance Coin is likely to reach 1000$ by the end of 2022.
How Can Binance Coin (BNB) Reach 1000$ by the end of 2022?
Binance Coin is currently trading below its ATH, at the price of 256$, however, the yearly chart is reading over 2300% returns, indicating that BNB has had a bullish period. Even though BNB dipped since making it to a new ATH, we mustn’t forget that these dips mostly hit the market in March. March is known to be a rather bearish period in the crypto market judging by the historical data, which is how we can expect a bullish reversal in trends with the ending days of March. At the current pace of growth, with nearly 100% of gains on the 30-day chart, Binance Coin has enough time to recollect bullish momentum and head for its ATH and higher to break the resistance of 400$ from where it could reach 500$ in case it sets new support levels. By 2022, Binance is likely to introduce new products and attractive listings, strengthening its operations, which could reflect on the price of BNB positively.
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