Sarfaraz Oversight
I will overview the cryptocurrencys
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today Opinion analysis from August 10
$BNB
Binance Coin (BNB) Price Prediction For Today, Tomorrow and Next 30 Days
Price
Change
August 10, 2024
$508.99
0.65%
August 11, 2024
$526.72
4.15%
August 12, 2024
$549.50
8.66%
August 13, 2024
$554.90
9.73%
August 14, 2024
$556.57
10.06%
August 15, 2024
$559.66
10.67%
August 16, 2024
$560.92
10.92%
BNB Prediction Table
2024
Month Minimum Price Average Price Maximum Price Potential ROI
August $508.99 $540.46 $571.93
13%
September $535.02 $560.70 $586.38
15.8%
October $526.73 $555.15 $583.57
15.3%
November $539.07 $557.63 $576.18
13.8%
December $532.04 $563.27 $594.49
17.4%
All Time $528.37 $555.44 $582.51
15.1%
Tags
#Binance #CryptoMarketMoves #WBTCUnderScrutiny #MarketDownturn #BinanceTurns7
Binance Coin (BNB) Price Prediction For Today, Tomorrow and Next 30 Days
Price
Change
August 10, 2024
$508.99
0.65%
August 11, 2024
$526.72
4.15%
August 12, 2024
$549.50
8.66%
August 13, 2024
$554.90
9.73%
August 14, 2024
$556.57
10.06%
August 15, 2024
$559.66
10.67%
August 16, 2024
$560.92
10.92%
BNB Prediction Table
2024
Month Minimum Price Average Price Maximum Price Potential ROI
August $508.99 $540.46 $571.93
13%
September $535.02 $560.70 $586.38
15.8%
October $526.73 $555.15 $583.57
15.3%
November $539.07 $557.63 $576.18
13.8%
December $532.04 $563.27 $594.49
17.4%
All Time $528.37 $555.44 $582.51
15.1%
Tags
#Binance #CryptoMarketMoves #WBTCUnderScrutiny #MarketDownturn #BinanceTurns7
beginning of BNB
$BNB
About Binance Coin
The price of BNB (BNB) is $508.00 today, as of Aug 12 01:27 p.m., with a 24-hour trading volume of $848.54M. Over the last 24 hours, the price has decreased by -5.13%. BNB currently has a circulating supply of 145.89M and a market cap of $74.11B.
Binance coin (BNB) is the exchange token of the Binance crypto exchange. It was launched originally on the Ethereum blockchain but later migrated to the Binance Smart Chain, now called BNB Chain.
Holders of BNB with Binance accounts can access discounted fees on the exchange. That means demand for the token is linked to demand for the exchange’s services. Therefore, buying BNB can be seen as a bet on the success of the exchange, in a similar way to buying a share in a company, except that owning the token comes with no ownership rights in the exchange.
BNB price
As of May 2022, BNB’s all-time highest price was $686.31, recorded on May 10, 2021, according to CoinGecko. The rally was likely to do with the surging popularity of decentralized applications (dapps), including decentralized finance (DeFi), on the Binance Smart Chain.
Binance Smart Chain (later rebranded BNB Chain) is a layer 1 network, meaning other applications can be built on top of it. That makes it a competitor to the Ethereum network. It offers faster transactions and cheaper transaction speeds than Ethereum, but it is more centralized.
The success of the BNB Chain contributes to rallies in the price of BNB because the token is needed to pay transaction fees on the chain. Anyone wanting to do business on the chain needs BNB tokens. In addition to its core centralized exchange, Binance has also built a decentralized exchange on the BNB Chain.
BNB spent much of 2021-22 as the third or fourth largest cryptocurrency in the world by market capitalization. As of May 2022, it is the fourth largest after bitcoin (BTC), ethereum (ETH) and tether (USDT).
Binance originally created the tokens in order to raise capital through an initial coin offering (ICO). The coins were sold in the first week of the ICO in July 2017 at a price of 2,700 BNB for 1 ETH. The offering included 100 million BNB, meaning at the top end it could have raised around 37,000 ETH, which would have been worth nearly $10 million at the time.
The founding team and angel investors held another 100 million BNB between them. Binance proposed in its original whitepaper to spend 20% of its profits every quarter buying and removing BNB from circulation, until the volume was brought down to 100 million. As of May 2022, the volume in circulation is around 168 million BNB, according to CoinGecko.
The process of removing tokens from circulation or “burning” tends to support the price of a token, all else being equal.
BNB tokens are burned in “real time,” meaning all the time. A certain portion of transaction fees is burned whenever a block is validated. At the time of writing, the total burned in this way was just over 76,600 BNB. However, most BNB burning is done on a regular quarterly basis, with the amount calculated according to a formula based on the BNB price and the total number of blocks so far validated in the chain. In the first quarterly burn of 2022, more than 1.8 million BNB were burned.
About Binance Coin
The price of BNB (BNB) is $508.00 today, as of Aug 12 01:27 p.m., with a 24-hour trading volume of $848.54M. Over the last 24 hours, the price has decreased by -5.13%. BNB currently has a circulating supply of 145.89M and a market cap of $74.11B.
Binance coin (BNB) is the exchange token of the Binance crypto exchange. It was launched originally on the Ethereum blockchain but later migrated to the Binance Smart Chain, now called BNB Chain.
Holders of BNB with Binance accounts can access discounted fees on the exchange. That means demand for the token is linked to demand for the exchange’s services. Therefore, buying BNB can be seen as a bet on the success of the exchange, in a similar way to buying a share in a company, except that owning the token comes with no ownership rights in the exchange.
BNB price
As of May 2022, BNB’s all-time highest price was $686.31, recorded on May 10, 2021, according to CoinGecko. The rally was likely to do with the surging popularity of decentralized applications (dapps), including decentralized finance (DeFi), on the Binance Smart Chain.
Binance Smart Chain (later rebranded BNB Chain) is a layer 1 network, meaning other applications can be built on top of it. That makes it a competitor to the Ethereum network. It offers faster transactions and cheaper transaction speeds than Ethereum, but it is more centralized.
The success of the BNB Chain contributes to rallies in the price of BNB because the token is needed to pay transaction fees on the chain. Anyone wanting to do business on the chain needs BNB tokens. In addition to its core centralized exchange, Binance has also built a decentralized exchange on the BNB Chain.
BNB spent much of 2021-22 as the third or fourth largest cryptocurrency in the world by market capitalization. As of May 2022, it is the fourth largest after bitcoin (BTC), ethereum (ETH) and tether (USDT).
Binance originally created the tokens in order to raise capital through an initial coin offering (ICO). The coins were sold in the first week of the ICO in July 2017 at a price of 2,700 BNB for 1 ETH. The offering included 100 million BNB, meaning at the top end it could have raised around 37,000 ETH, which would have been worth nearly $10 million at the time.
The founding team and angel investors held another 100 million BNB between them. Binance proposed in its original whitepaper to spend 20% of its profits every quarter buying and removing BNB from circulation, until the volume was brought down to 100 million. As of May 2022, the volume in circulation is around 168 million BNB, according to CoinGecko.
The process of removing tokens from circulation or “burning” tends to support the price of a token, all else being equal.
BNB tokens are burned in “real time,” meaning all the time. A certain portion of transaction fees is burned whenever a block is validated. At the time of writing, the total burned in this way was just over 76,600 BNB. However, most BNB burning is done on a regular quarterly basis, with the amount calculated according to a formula based on the BNB price and the total number of blocks so far validated in the chain. In the first quarterly burn of 2022, more than 1.8 million BNB were burned.
ongoing prediction
$BNB
According to the latest data gathered, the current price of BNB is $621.29, and BNB is presently ranked No. 4 in the entire crypto ecosystem. The circulation supply of BNB is $91,693,733,377.53, with a market cap of 147,586,086 BNB.In the past 24 hours, the crypto has increased by $17.58 in its current value.For the last 7 days, BNB has been in a good upward trend, thus increasing by 9.1%. BNB has shown very strong potential lately, and this could be a good opportunity to dig right in and invest.During the last month, the price of BNB has increased by 2.54%, adding a colossal average amount of $15.78 to its current value. This sudden growth means that the coin can become a solid asset now if it continues to grow.BNB Price Prediction 2024According to the technical analysis of BNB prices expected in 2024, the minimum cost of BNB will be $508.99. The maximum level that the BNB price can reach is $549.23. The average trading price is expected around $589.47.Potential ROI: 8.5%August 2024: BNB Price ForecastCrypto analysts expect that at the end of summer 2024, the BNB price will be around $540.46. In August 2024, the BNB cost may drop to a minimum of $508.99.
On the four-hour chart, BNB is bearish. The 50-day moving average is falling, suggesting a weakening short-term trend. Meanwhile, the 200-day moving average has been falling since 06/08/2024, indicating a weak longer-term trend.
Binance Coin (BNB) Price Prediction For Today, Tomorrow and Next 30 Days
August 10, 2024
$508.99
0.65%
August 11, 2024
$526.72
4.15%
August 12, 2024
$549.50
8.66%
August 13, 2024
$554.90
9.73%
August 14, 2024
$556.57
10.06%
August 15, 2024
$559.66
10.67%
August 16, 2024
$560.92
10.92%
BNB Prediction Table
2024
Month Minimum Price Average Price Maximum Price Potential ROI
August $508.99 $540.46 $571.93
13%
September $535.02 $560.70 $586.38
15.8%
October $526.73 $555.15 $583.57
15.3%
November $539.07 $557.63 $576.18
13.8%
December $532.04 $563.27 $594.49
17.4%
All Time $528.37 $555.44 $582.51
15.1%
Will BNB go up?According to the presented price predictions and recent price rise, Binance coin cryptocurrency can definitely go up a lot more in the future. Is BNB worth buying?Definitely. Not only as an internal currency of Binance exchange but as an investment option too, since the price of the coin is rising. Tags#Binance
According to the latest data gathered, the current price of BNB is $621.29, and BNB is presently ranked No. 4 in the entire crypto ecosystem. The circulation supply of BNB is $91,693,733,377.53, with a market cap of 147,586,086 BNB.In the past 24 hours, the crypto has increased by $17.58 in its current value.For the last 7 days, BNB has been in a good upward trend, thus increasing by 9.1%. BNB has shown very strong potential lately, and this could be a good opportunity to dig right in and invest.During the last month, the price of BNB has increased by 2.54%, adding a colossal average amount of $15.78 to its current value. This sudden growth means that the coin can become a solid asset now if it continues to grow.BNB Price Prediction 2024According to the technical analysis of BNB prices expected in 2024, the minimum cost of BNB will be $508.99. The maximum level that the BNB price can reach is $549.23. The average trading price is expected around $589.47.Potential ROI: 8.5%August 2024: BNB Price ForecastCrypto analysts expect that at the end of summer 2024, the BNB price will be around $540.46. In August 2024, the BNB cost may drop to a minimum of $508.99.
On the four-hour chart, BNB is bearish. The 50-day moving average is falling, suggesting a weakening short-term trend. Meanwhile, the 200-day moving average has been falling since 06/08/2024, indicating a weak longer-term trend.
Binance Coin (BNB) Price Prediction For Today, Tomorrow and Next 30 Days
August 10, 2024
$508.99
0.65%
August 11, 2024
$526.72
4.15%
August 12, 2024
$549.50
8.66%
August 13, 2024
$554.90
9.73%
August 14, 2024
$556.57
10.06%
August 15, 2024
$559.66
10.67%
August 16, 2024
$560.92
10.92%
BNB Prediction Table
2024
Month Minimum Price Average Price Maximum Price Potential ROI
August $508.99 $540.46 $571.93
13%
September $535.02 $560.70 $586.38
15.8%
October $526.73 $555.15 $583.57
15.3%
November $539.07 $557.63 $576.18
13.8%
December $532.04 $563.27 $594.49
17.4%
All Time $528.37 $555.44 $582.51
15.1%
Will BNB go up?According to the presented price predictions and recent price rise, Binance coin cryptocurrency can definitely go up a lot more in the future. Is BNB worth buying?Definitely. Not only as an internal currency of Binance exchange but as an investment option too, since the price of the coin is rising. Tags#Binance
$BNB
Binance Coin / US Dollar Forecast
This page features Binance Coin (BNB) price prediction for today (1 day) and 1 week. Learn the latest Binance Coin price signals to be up to date on the situation.
Binance Coin price predictions for today and for 1 week are prepared based on the aggregated signals of 8 moving averages and 8 other indicators.
BNB/USD Indicator Based Technical Analysis
BNB/USD forecast by TU is prepared automatically on the basis of technical analysis of moving averages and indicators for each timeframe (interval) separately. Select the timeframe you need to find out BNB/USD price prediction for today.
To find a better entry point, also find out what TradingView technical analysis tool signals for the Binance Coin to US Dollar currency exchange rate. "Sell" or "Strong Sell" means that most of the signals are bearish. "Buy" or "Strong Buy" means that most of the signals are bullish. For short-term signals, it is recommended to use settings from 15 minutes to 2 hours. For long-term signals, it is recommended to use settings from 4 hours to 1 week.
Note:-
Signals may differ on different timeframes. If you want to hold the BNB/USD for longer than 1 week/1 month, it is best to use the signals on daily and weekly timeframes. Timeframes from 5 minutes to 1 hour are best suitable for short-term transactions.
Binance Coin / US Dollar Forecast
This page features Binance Coin (BNB) price prediction for today (1 day) and 1 week. Learn the latest Binance Coin price signals to be up to date on the situation.
Binance Coin price predictions for today and for 1 week are prepared based on the aggregated signals of 8 moving averages and 8 other indicators.
BNB/USD Indicator Based Technical Analysis
BNB/USD forecast by TU is prepared automatically on the basis of technical analysis of moving averages and indicators for each timeframe (interval) separately. Select the timeframe you need to find out BNB/USD price prediction for today.
To find a better entry point, also find out what TradingView technical analysis tool signals for the Binance Coin to US Dollar currency exchange rate. "Sell" or "Strong Sell" means that most of the signals are bearish. "Buy" or "Strong Buy" means that most of the signals are bullish. For short-term signals, it is recommended to use settings from 15 minutes to 2 hours. For long-term signals, it is recommended to use settings from 4 hours to 1 week.
Note:-
Signals may differ on different timeframes. If you want to hold the BNB/USD for longer than 1 week/1 month, it is best to use the signals on daily and weekly timeframes. Timeframes from 5 minutes to 1 hour are best suitable for short-term transactions.
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