Can Binance Coin (BNB) Reclaim $700 by the End of September?

Can Binance Coin (BNB) Reclaim $700 by the End of September?

PENGY September 24, 2024, 1:03 am Facebook Twitter


The cryptocurrency market is expected to record major changes towards the end of the month. Binance Coin (BNB) investors, in particular, have been eagerly awaiting to witness the release of Changpeng Zhao. The Binance founder is all set to walk out of the Long Beach RRM federal facility on September 29, 2024. CZ will complete his four months in prison.

Also Read: Tether Market Cap Hits All-Time High as October Surge Nears

While this is expected to boost the price of the altcoin, the volatile nature of the market adds a hint of uncertainty. At press time, BNB was trading at $603.01, following a nearly 4% rise over the past 24 hours. Throughout the past day alone, Binance Coin went from a low of $578 to a high of $605.

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Currently, Binance Coin is trading 16% below its all-time high of $720. The asset took the market by surprise when it surged and recorded a new all-time high about four months ago. Given its current momentum, the market expected the altcoin to reclaim this level by the end of the month.

Also Read: Coinbase is Bringing its Wrapped Bitcoin (cbBTC) to Solana

How Will Binance Coin End September?

According to data from Changelly, Binance Coin will continue its current trend till the end of the month. The firm revealed that the asset will witness a surge to a high of over 7%. BNB will reportedly trade at a high of $639.56.

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As seen in the above image, BNB will not be able to reach a high of $700 this month. The asset will require more momentum to surge to this level. Sadly, Binance Coin investors will have to wait longer to revisit its peak.

Also Read: Cryptocurrency: 3 Evergreen Coins To Buy For Occasional Gains

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