财经少华
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Analyze BNB
On July 28, BNB reached a new all-time high, with a price of $850. Over the past five weeks, the Binance exchange token has risen by 35%. The target price of $1,000 for Binance Coin may be conservative, and perhaps Binance Coin will reach $1,187 in the coming weeks.
If the $1,000 target is conservative, how high can we expect BNB to rise in the coming days and months?
Although the BNB price is close to $1,000, the risk indicators are relatively low compared to the peak levels of 2021. The market has not yet reached a thriving state.
Fibonacci retracement and extension levels indicate the next price targets of $886, $1,037, and $1,187, respectively.
In the last bull market, the market cap of altcoins surged 260% after reaching a high of $1.8 trillion in January 2018. Currently, the market cap of altcoins stands at $1.54 trillion, having surpassed the resistance level of $1.24 trillion set for 2025.
When it rises to a peak of $1.71 and history repeats itself with a 200% increase, the market cap of altcoins could reach $5.1 trillion.
This may be an overly optimistic estimate, but cryptocurrency market cycles often experience wild volatility. In that case, $2,000 for BNB does not sound far-fetched.
#BNB
On July 28, BNB reached a new all-time high, with a price of $850. Over the past five weeks, the Binance exchange token has risen by 35%. The target price of $1,000 for Binance Coin may be conservative, and perhaps Binance Coin will reach $1,187 in the coming weeks.
If the $1,000 target is conservative, how high can we expect BNB to rise in the coming days and months?
Although the BNB price is close to $1,000, the risk indicators are relatively low compared to the peak levels of 2021. The market has not yet reached a thriving state.
Fibonacci retracement and extension levels indicate the next price targets of $886, $1,037, and $1,187, respectively.
In the last bull market, the market cap of altcoins surged 260% after reaching a high of $1.8 trillion in January 2018. Currently, the market cap of altcoins stands at $1.54 trillion, having surpassed the resistance level of $1.24 trillion set for 2025.
When it rises to a peak of $1.71 and history repeats itself with a 200% increase, the market cap of altcoins could reach $5.1 trillion.
This may be an overly optimistic estimate, but cryptocurrency market cycles often experience wild volatility. In that case, $2,000 for BNB does not sound far-fetched.
#BNB
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BNB
773.53
+2.82%
