BNB Price Prediction – Binance Smart Chain

BNB is the native token of a leading cryptocurrency exchange – Binance. It is one of the very few exchange tokens which has a lot of use cases.

Binance has been continuously developing its smart chain BSC – Binance Smart Chain. It has provided a platform for a lot of upcoming projects. The rising demand for Binance products could start reflecting positively in BNB price.

BINANCE

BNB Staking

BNB provides a wide array of staking options with fixed and variable interest rates ranging from 4% to 7%.

Launchpad

Binance provides an opportunity to investors to invest in carefully vetted projects via their Launchpad platform. Users are allotted new coins based on their BNB balance.

Launchpool

Users can stake BNB to earn new tokens via Binance Launchpool.

Binance Smart Chain

BSC provides a development platform for many upcoming DeFi projects. Users can provide liquidity for these coins to earn trading fee by locking BNB along with the newly developed coins with BNB.

Trading Fee Rebate

When users hold BNB, they get a discount on trading fee. Depending on their BNB balance, users get an option to set their trading fee and earn commission by referring new users.

Due to all of these use cases of BNB, it is bound to start affecting BNB price. Let us review the BNB chart to look at possible targets for BNB.

BNB/USD – Price Prediction

BNB

BNB is currently trading close to a support of $253. As long as it is above this support area, we could start seeing a move towards $302, $358, $383, $419, $464, $594 and $806. Failure to hold the support at $253 could lead to a drop below $200 which would be an excellent place to long BNB.

 

 

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Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

 

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