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Tag Archives: Binance Coin (BNB) Price

4 Bullish and 2 Bearish Considerations for Binance Coin (BNB) Heading into 2023 (Opinion)

The cryptocurrency market staged an early recovery at the beginning of 2023, but many remain skeptical as to whether the ongoing rally will last. Some exchanges, including Coinbase and Crypto.com, continue with their staff cuts in a bid to weather the macro bear market, but others remain resilient. Case in point – Binance. BNB Coin is the native token of the exchange. It’s a base layer cryptocurrency and operates as the base unit of currency for the Build ‘N’ Build Chain...

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Crypto Price Analysis Dec-23: ETH, XRP, ADA, BNB and DOT

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Polkadot Ethereum (ETH) ETH fell by 3.1% in the past seven days after it lost the support at $1,240, which has now turned into a resistance. The bulls stepped up at $1,150, and since then, ETH has been trending upwards. In the next few days, this cryptocurrency seems likely to attempt to reclaim the $1,240 level as support. However, to achieve this, buyers need to keep it up. So far in December,...

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BNB Leads Recovery Efforts While Bitcoin Struggles Below $17K (Weekend Watch)

Over the past day, the total cryptocurrency market capitalization managed to recover a few billion, but the overall market saw no considerable volatility, and volume is drying up. Some altcoins managed to pull ahead, but the broader sentiment remains fearful. Bitcoin Struggles Below $17K Bitcoin’s price was unable to hold above the $17K level yesterday and dropped to a low of $16,527 on Binance. The cryptocurrency has failed to recover and is currently trading at around...

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Crypto Price Analysis Dec-9: ETH, XRP, ADA, BNB and LTC

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Litecoin. Ethereum (ETH) In the past week, Ethereum consolidated its price above the key support at $1,240 by moving sideways, which did not allow it to diverge much compared to seven days ago. However, this price action made a higher low which could be interpreted as bullish. If buyers return to ETH, the next key resistance is found at $1,365, where it is likely to face a more significant...

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Crypto Price Analysis Nov-25: ETH, XRP, ADA, BNB, and LTC

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Litecoin. Ethereum (ETH) Ethereum has failed to break the key resistance at $1,230 and has entered into a correction that appears to continue the bearish price action. ETH also lost 0.8% of its valuation in the past seven days, and sellers have managed to maintain their grip on the price. Unfortunately for the bulls, they may have to defend ETH again at the $1,000 key support. Any weakness there...

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Binance Tops up Its Insurance Fund to $1 Billion Following FTX Crash

Binance’s CEO said the world’s largest cryptocurrency exchange increased its Secure Asset Fund for Users (SAFU) to $1 billion again. This comes as a result of the recent market plunge, and its purpose is to grant customers maximum protection in case of another possible negative event. Changpeng Zhao (CZ) tweeted that his trading venue topped up its SAFU insurance fund to $1 billion. BUSD and BNB holdings account for $700 million of the total sum, while BTC’s address makes up...

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Binance Launches Oracle Network for BNB Chain Ecosystem

On Oct. 26, crypto giant Binance announced Binance Oracle, a new service that will source, verify, and feed off-chain data to smart contracts running on the BNB Chain. The company claims that the Oracles will provide a “more reliable, secure, and accurate data sourcing solution for smart contracts.” The new service, which launches this month, will enable existing Web3 dApps and BNB Chain partners to access oracle data sources. The company confirmed that more than ten projects...

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Crypto Price Analysis Oct-28: ETH, XRP, ADA, BNB, and MATIC

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Polygon. Ethereum (ETH) Ethereum had a very strong rally in the past seven days, increasing by 19.4%. This makes it the best performer on our list this week. Such volatility has not been seen since September and signals a possible reversal in the downtrend. If ETH manages to make a higher high in the coming weeks, then that would confirm the reversal. The price is currently found just below the...

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Crypto Price Analysis Oct-21: ETH, XRP, ADA, BNB, and SOL

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) Ethereum’s price has remained largely flat with little volatility. For this reason, it is almost identical to seven days ago. Momentum and volume continue to move sideways with no perceivable trend at this time. The key support remains at $1,250, and the resistance at $1,400. The price is stuck in a channel, and it can comfortably move sideways until the end of the month...

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Crypto Price Analysis Oct-07: ETH, XRP, ADA, BNB, and MATIC

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Polygon. Ethereum (ETH) With an increase of only 1.4% in the past seven days, Ethereum continues to maintain a flat price action, with market participants unable to swing the cryptocurrency beyond its current range. Since mid-September, ETH has only been moving sideways between the key support at $1,250 and the resistance at $1,400. The last time it tested the key resistance was on September...

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