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BNB increased by more than 19% over the past 48 hours, bouncing back above the $300 level. Investors are momentarily back in the driving seat and could push the price up to $320 in the coming days.
As investors lose faith in exchanges like FTX, it seems only natural that the native token of the Binance platform begins to flame.
A prominent crypto influencer @AltCryptoGems said that keep BNB for a while could be a very wise move if you are playing long term investing. You can wait for the next rise in the cryptocurrency market to cash in your profits.
BNB will continue to rise and what solid alternatives are currently available in the blockchain markets?
Crypto BNB Price Analysis for 2022-2023
According to Coinmarketcap, BNB is now trading at $297.15 with an impressive market cap of $47.5 billion. Overall, BNB is down 0.89% in the past 24 hours and there are many indicators that suggest buying.
Observe market fluctuations (fear and greed), it is easy to identify that we are potentially in an accumulation phase.
Looking at the chart above, we can see that BNB price has dropped as low as $184 this year due to the crypto crash TerraLuna.
He dropped it the price of BNB down to its lowest potential as it was oversold in one week for the first time in four years.
Investors who managed to procure iwe are BNB and harnessing extreme fear would still increase by 63% if they still held them today.
The green rectangle on the price chart above suggests that there is an accumulation zone where extreme fear reigns in the market. The price is between $180 and $230which could be a good range for periodic purchases.
This suggests that the next sales targets could be between 580 and $700but BNB price could still rise well above $1,000 after the next Bitcoin split.
BNB cryptographic video analysis
There is no doubt that BNB is excellent value to include in a cryptocurrency wallet healthy and diverse. The upside potential is definitely there for the future.
Despite this, I would also like to put pre-sales into my cryptocurrency portfolio to maximize profits even when theand cryptocurrency market It is down.
Tking of exciting and profitable pre-sales with high potential are currently live and have each raised large sums as the cryptocurrency market remains bearish.
If you are an investor who likes to take risks and make big gains, you can check it out Dash2Trade, TAX Token And Cranial vault.
Each of these tokens could be launched within the next three months and once it is deployed on the platforms Cex or Dex. We could see a dramatic increase in each of these tokens.
Keep in mind that you should do your research and make sure you read the white papers carefully before deciding to do sobuy cryptocurrencies in presale.