It has been a good week for the BNB coin holders for the coin has maintained stable trends and has also shown sudden surging trends here and there. The current market performance of the Binance coin is also moving in the upward direction, and it may cross the $30 mark in the next few days.
- Binance Coin records over 2% surge since yesterday from $27.15 to $27.90
Current Statistics of Binance Coin:
Yesterday, Binance coin price surged from $27.1524 to its current value at $27.9078 as of August 16, 2019, at 01:43:57 UTC. BNB coin started trading yesterday at $27.1524 and then declined suddenly to trade at $25.49022. It picked up pace around late afternoon to reach as high as $27.9065 and currently also trading around the same range. It has recorded over 2% uptrend since yesterday.
- BNB price is noted to be $27.9078 and 0.00269014 BTC
- The Market Cap of the coin has reached $4,340,392,039
- 24-hour volume is now $247,765,576
- Circulating Supply of the BNB coin has reached 155,536,713 BNB
- ROI stands at >9000%
The highest recorded value of the Binance coin yesterday was $28.18, and in the last 7 days, it was $31.11. The coin may cross $30 over the weekend.
Binance Coin Price Prediction & Conclusion:
Binance Coin has been performing exceptionally well in this year and has also given many record-breaking performances in the month of June. The coin is now headed towards crossing its 90-day high value of $39. It may set a new record in the upcoming months.
Planning long-term investments with future benefits is a good decision to make for the BNB coin as the coin may start yielding considerable returns in the next few months.
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.