Binance founder Changpeng Zhao recently lauded a major listing, raising expectations for the price of BNB to reach $800. The price of BNB has fallen by more than 9% due to the Crypto Marketplace’s Promoting Out. However, despite this, market trends and analysis indicate that this crypto The price can reach $800.
Changpeng Zhao praised the new listing
Binance founder Changpeng Zhao praised the listing of BNB on Revolut Trade in a recent X post. This was especially appreciated at a time when there has been a significant decline in the Crypto Marketplace in Belongings. Nevertheless, CZ’s appreciation has further raised expectations among investors about the future of Belongings.
“This listing boosts Institutional Acceptance of BNB, which could be an important step towards improving its price,” he said. One user commented that Binance now supports crypto purchases through Revolut Pay. Changpeng Zhao said in response, I did not know that this was supporting the increasing mutual connectivity between financial platforms.
This listing is an important step for BNB. With Revolut’s global reach, BNB Token has the potential to attract more investors, which could increase its value. As Revolut Trade is a leading exchange in Europe, with around 40 million users globally.
Will BNB price reach $800?
Today the price of BNB fell by more than 9% and was trading at $638, while its trading volume increased by 5% to $2.94 billion. On the other hand, the Relative Energy Index (RSI) of this token stood at 39, indicating a possible upside in the future.
meanwhile, Binance Despite the hopeful manner of its founder, recent BNB Worth Research indicates that the crypto could be poised for a potential rally in the coming days. As the analysis showed, once the crypto crosses the important level of $886, it could reach $1,036.
Conclusion
Meanwhile, the market is expecting another rally. The crypto marketplace has shown strong performance over the past few months, especially after Donald Trump’s election victory. However, despite the recent decline, analysts are assured about the long-term future of this token, which could take it to $800 in the coming days.
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