Binance: BNB Price Prediction For Mid-April 2024
Binance’s BNB token has seen regular development over the previous couple of days. The asset is up by 2.8% within the every day charts, 7.8% within the weekly charts, and 10.6% over the earlier month. Furthermore, the asset has rallied by 94% since April 2023.
BNB’s development over the previous couple of days could possibly be resulting from Bitcoin (BTC) reclaiming the $70k degree. Furthermore, BTC will endure its subsequent halving cycle later this month, which might set off a market-wide rally. Traders could also be stocking up on BNB in anticipation of a bull run.
Mid-April worth prediction for Binance’s BNB coin
In keeping with CoinCodex, BNB will proceed its bullish trajectory for the subsequent few weeks. The platform anticipates the asset to drop to $613.61 on Apr. 15, 2024. Reaching 613.61 from present ranges would translate to a decline of about 0.9%.
BNB is at present down by solely 9.8% from its all-time excessive of $686.31, which it attained in Might 2021, nearly three years in the past.
Regardless of a bearish prediction for mid-April, CoinCodex anticipates Binance’s BNB to choose up the tempo later within the month. The platform predicts BNB to hit a brand new all-time excessive of $690.62 on Apr. 28, 2024. Reaching $690.62 from present ranges would translate to a development of about 11.48%.
Changelly additionally anticipates Binance’s BNB to drop by mid-April, hitting $611.46 on Apr. 15, 2024. Nevertheless, the platform predicts BNB to hit a brand new all-time excessive of $730.32 on Apr. 28, 2024. Reaching $730.32 from present ranges would translate to a development of about 17.89%.
The bullish outlook round BNB could possibly be resulting from Bitcoin’s (BTC) halving later this month. BTC might reclaim its all-time excessive of $73,737, triggering a market-wide rally.