Re: Will BNB Coin Hit $300 Mark in 2023?

Quote from: woez on Today at 07:39:59 PM

Quote from: Elena_Rodriguez on December 06, 2022, 07:47:34 AM

Binance is one of the largest crypto market exchanges in world. It holds its token also as binance (BNB) coin. This token is now one among the top five crypto currencies.

Binance coin price is on roller coaster currently with after FTX drama. Binance CEO CZ, compares the collapse of FTX with 2008 fall of regulated TradFi, which had been in existence for more than 70 years.He is optimistic about the crypto market and predicts a swift and significant recovery for the sector.

In 2021, the BNB coin prices soared close to 1688.77 Percent and, from there, the market is waiting for a price increases at least until 2023. Since inflation fears are expected to become more severe at the beginning in the year ahead, Coinpedia Binance Coin Price Prediction(https://coinpedia.org/price-prediction/bnb-binance-coin-price-prediction) for 2023 is $275.2227 towards 2023's close. Currently BNB price is at $289.52 on Dec 6th 2022.

What do you think, Binance price will surge above $289 or bearish trend will drag it down?

For me BNB is a fundamental coin. if I trade, my emotions are controlled even though market corrections are very vulnerable to occur, especially at this time. my strongest reason is that BNB is a top coin has a lot of supporters and a lot of daily transactions too. I'm sure BNB will soon return to its new ATH again for this year even though it needs a process.

Seeing from the previous ATH which was around $ 686 and with the current conditions that can be said they have shrunk by half even though they are still quite sure that they will still pass the ATH but I think it will still take time for that.
Conditions for altcoins still depend on how bitcoin grows so that currently altcoins cannot talk much when bitcoin is still in a condition that is still not entirely good. Even though for the past few weeks we've seen some growth which suggests the bulls are coming back but it's still not enough for altcoins to take a hit so BNB also needs time to get back to its previous ATH and get past that.