The recent drop in TVL is likely due to a number of factors, including the overall decline in the cryptocurrency market and the launch of new competing DeFi platforms.ĭespite this, BSC remains a major player in the DeFi industry and is well-positioned to benefit from any future expansion in the sector.īSC is a great choice for both newcomers and experienced users of the Web3 world. This would help to increase demand for the BNB coin and boost its market value. However, BSC is still the third largest player in the DeFi industry, with a daily volume of $275.39 million.īSC might experience a resurgence in the next DeFi rally. The Total Value Locked (TVL) of Binance Smart Chain (BSC) has decreased significantly from its all-time high of $44.09 billion to $4.495 billion, according to DeFi Status. The coin’s current position is heavily influenced by a solid resistance trendline, resulting in it oscillating within a tight bracket. After slipping below the pivotal $300 mark, BNB’s price is on a quest to stabilize. The price is on a sharp downward trend with a solid resistance trendline, which is keeping the recoveries in check.ĭespite this, Binance exchange remains the largest cryptocurrency exchange by volume and one of the most reputable centralized exchanges. The price of BNB has lost 12% year-to-date and is currently trading at $215.10, a 38% discount from its 2023 high. If the buyers successfully navigate past the resistance trendline, it could catapult the BNB price, possibly breaking the $230 resistance and moving upwards toward $260.Ĭonversely, a close beneath the $200 mark might herald a bearish downturn, potentially pushing the price to as low as $185. A noticeable buying interest above the $200 mark might be a precursor to a potential bullish upswing.įrom a technical standpoint, the MACD and the daily RSI underline the $200 support level and hint at a bullish divergence from the last few downturns. With the resistance trendline continually exerting its influence and producing lower highs, the coin’s recent performance hints at a further decline beneath the $200 threshold.ĭespite Binance Coin witnessing a 6% slide in the latter part of August, it appears to be moving sideways. Binance (BNB) Price Prediction September 2023īNB’s price trajectory has seen it plummet to $215, marking a 38% decline over five months. Binance has experienced a 49% increase in new users in MENA. Product Closures: Binance shuts down its Binance Pay to refocus on core projects.īinance’s Growth in Dubai: Binance is expanding in Dubai because the UAE is crypto-friendly. Product Innovation: Binance launched Dual Investment and Range Bound products, expanding user investment options. Department of Justice is preparing a lawsuit against Binance for fraud charges. and its founder, Changpeng Zhao, highlighting increased regulatory scrutiny in 2023. SEC filed 13 charges against Binance Holdings Ltd. Workforce Reduction: Binance cut over 1,000 positions to streamline operations and improve efficiency. CoinPedia’s Binance Coin Price Prediction.Our BNB price prediction provides a more in-depth look at the fundamental analysis, technical analysis, upcoming regulatory updates, partnerships, and other factors that could affect the price of BNB.Ĭontinue reading to learn if Binance (BNB) is a good investment at $200. To answer these questions and provide a clear view of the BNB price action, we present our Binance Price Prediction for 2023-2030. Nevertheless, as the market is struggling to revamp, it raises questions like, “Is Binance safe or not?” or “Will Binance go higher in 2023?” However, the increased buying at $200 fuels a short recovery in Binance that may soon result in the most significant 2023 breakout rally. Officials, the BNB price chart shows a prominent nose dive breaking key levels. Due to the growing regulatory pressure from U.S. With a bearish pressure trend in motion, the Binance coin price breaks down more than 150 points within five months. BNB Coin price, with a potential surge, could go as high as $2,081 by the end of 2030. Binance coin price could reach a maximum of $350 by the end of 2023.
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