Post
Topic
Board Speculation (Altcoins)
Re: BNB to $1k?
by
m2017
on 24/02/2022, 14:26:21 UTC
Only from TA aspect it looks like BNB will go up to around 395 and get rejected and move down to 320. I would not open any longs here.
At this point we have a political market. As long as the market is nervous about the war we will not see any upwards movement. BNB now is at $337 and would need +200% to reach $1k, this goal is out of reach right now and probably won't come much closer for the remaining year. I would say the bull cycle is over, let's wait for the next halving (in 2024)

In the future, BNB may cost $1k. Why not? Binance is developing very rapidly and has taken a leading position among exchanges. Who would have thought, right? I remember very well those times when  Binance was little known and many users looked at this exchange with skepticism. Yes, BNB now cost ~$330, but a few years ago they cost 30$, 100$, 200$. Pretty good growth, right? Therefore, I don't rule out a price of $1k. It doesn't necessarily happen this year, but there are good chances for it.