The cryptocurrency market is just recovering from the bear battle that struck the market just recently. Major cryptos that exhibited double digit losses when the crash happened have reduced by less than 1%. Before the crypto market crash, Binance Coin [BNB] was trading at levels above $10.40, but now has lost over $100 million in market cap. Currently, the coin seems to have gained stability and is on a stable trend.
BNB is exhibiting a short consolidation phase and bulls are fighting bears for an uptrend. The prices are edging over to bullish trendline indicating that bulls are winning the battle. The prices have found support at $9.48 and is eyeing the $10 handle. The 100 EMA line trading at $10.08 is showing a downtrend. The MACD shows a bearish momentum for the prices. BNB currently trades at $5.01.
Binance Coin (BNB) Price Today – BNB / USD
Price 24H (%) -2.47%
BNB Price Prediction
According to Cryptoground, the token is expected to set at $15.6 in 1 year. The 5-year forecast for the coin is $37.7.
Tradingbeasts predicted that, by the end of 2018, the crypto will reach $20.6. In two years time (2020), the virtual currency should trade within the range of $43.4-$63.
Binance: Latest Updates
Lithuania-based crypto payment processing gateway, CoinGate, recently revealed that customers making use of its platform will be allowed to pay merchants in Binance Coin (BNB). The company added that received payments will be settled automatically to EUR/USD or to BTC based on the users, which will make it easier for merchants.