Popular Crypto Analyst and Youtuber, Ben Armstrong AKA BitBoy Crypto, In a video reveals which altcoins he would invest in this momentary dip.
He believes the altcoin season has many different levels and layers to it, and what happened last week was a massive run-up. Hence, it is premature to say the altcoin season is over.
The trader plans on investing in the following altcoins currently. First up on his radar is Vechain and Dogecoin, he says his investment in Dogecoin would be for the sake of adding them to the portfolio and not for any other solid reason.
Moving further, he mentions Binance Coin, the token has shown a lot of momentum he believes. it has been rallying massively followed by a large retracement.
“..now that it has dipped, you can expect these coins like Binance Coin and Ethereum especially to have really really really hard rebounds.”
Next up on his watch is Polkadot, he acknowledges that the token is performing poorly compared to its peers Binance and Ethereum. As it has been down 15% i.e bigger than any other coin in the market it is the perfect timing to buy the dip.
“I think today is a great day, I’m probably going to add about another six figures, maybe $200,000 or $300,000 worth of Polkadot.”
Will April Be a Negative Month?
In his video, he also addresses the recent fall of Bitcoin prices and calls it mostly a flash crash. Although currently, the market is not getting that one massive bitcoin move, he says it’s going to happen when it’s least expected of it.
On the question of whether April is going to be a negative month for the crypto markets. He believes that’s a fair possibility and it would be “kind of healthy” for that to happen.
Adding to that he also says, nobody wishes for the bull run to end abruptly and fall to $35000 any time soon.
Binance Coin Price Prediction 2021 – Will BNB Price Crash or Rise ?
What is the binance price prediction for 2021? Will the BNB price reach $100 by the end of 2021? Stay updated with the latest Binance news.
Have you heard of Binance Cryptocurrency Exchange, one of the most preferred platforms to trade with? If yes, then Binance Coin (BNB) is the native coin that acts as a utility token, used to pay transaction fees. The swelling adoption of the DEX platform of Binance, Binance Smart Chain(BSC), has positively impacted the BNB price.
The coin which can be traded with other assets like Bitcoin, Ethereum, etc, rallied nearly 1400% in 2021 and attracted many strong hands. Launched initially as an ERC-20 token, BNB was later migrated on its own blockchain, Binance Chain.
Interesting, right! Now after a breif introduction, do you wish to hold some BNB coins? Yet unsure of the future price movements or want to know whether it is a good investment option?
No worries, this composition intends to accumulate all the information about the token, previous price movements and the future predictions running in the market.
First let us peel the layers of some basic information about Binance.
Overview CryptocurrencyBinanceTokenBNBPrice$ 650.4600Market cap$ 99,860,657,665.0000Circulating Supply$ 154,533,651.9000Trading Volume $ 3,877,733,445.0000All time high$ 677.4700 May 3, 2021All time low$ 0.0398 October 19, 2017 What is Binance Coin (BNB)?
Binance Coin (BNB) is the crypto coin of the Binance exchange platform. It was launched in 2017 by CEO Changpeng Zhao with co-founder & CTO Roger Wang. The name Binance is a combination of binary and finance. In the year 2019, many businesses accept BNB as a payment.
Basically, the BNB token lets you earn discounts on the services of the Binance exchange platform, which later becomes a decentralized exchange of blockchain assets. BNB also offers users access to advanced features to be used on the new decentralized exchange.
BNB Price Prediction 2021
The price surpassed $40 in the first week of January and following a steady rally, the price smashed $50 within a month. The price gained an extreme bullish momentum and rallied above $100 in just a couple of days. Since then the price kept on surging, smashing the barriers at $200, later at $300 and $400, however, it amazed the entire crypto space by smashing the All-time high at $637.44 on April 12, 2021. Despite a slight pullback, the price still trades above $500 strongly.
As the marketers concentrate on buying the Altcoins, BNB might hit the $700 mark by the end of June and the price might swing further. With certain fluctuations, the price may continue to be in the range between $500 and $700 throughout the year. By the end of 2021, BNB might be traded at the $800 mark.
BNB Price Prediction 2022
BNB might start the year 2022 with a trading price of $700. On a bullish note, it is expected to reach $1000 by mid-June and might continue to be at the consistent level for several months. It is expected that the price might trade at $1800 by the end of 2022.
Binance Coin (BNB) 5 Years Price Prediction
In 5 years, BNB might continue to surge and it may break all its previous price records by touching the new height. Binance might introduce new features to its trading to enhance the minds of the investors to invest in BNB as it introduced some of the features like Asset Conversion, Cross Collateral, and Price Protection. In 5 years, BNB might reach the $5000 mark.
BNB Market Prediction
According to WalletInvestor, the price of Binance could grow by $17.31% over the next year, hitting the values in between $602.925 and $677.465 in the coming year. The price will remain consistently above to its current trading price and reach $1395.85 by end of 2026
According to DigitalCoinPrice, BNB will soar to a staggering $718 by the end of 2021. The price is expected to hit $1427.49 by the end of 2025.
The price is expected to trend in between $934 to $1159 by the end of 2021, which may surpass $1700 by the end of 2023.
According to captianaltcoin, the price may reach more than $500 depending on the Bitcoin price by 2021
The BNB price continued to grow with the start of 2021. With certain fluctuations, BNB might reach $700 by the end of 2021. The price may increase if the company announces any new improvements. It might be a good investment for the future. BNB might hit $1K in the future.
BNB Historical Market sentiments 2017
Binance coin entered the market on 25th July 2017 with the trading price of $0. Later on, the price started to improve and reached $3 at the end of August. With certain fluctuations BNB ended 2017 with the trading price of $8.
The price peaked to $23.25 in the month of January 2018 and dropped close to $6 in February. Later flipping the bearish trend, the price gained more than 200% and hit more than $16 by mid 2018. However, the rally was short-lived and the price plunged back below $5 and closed the yearly trade for 2018.
The BNB price initiated the 2019 trade around $6 and initiated a bull rally. By the mid of 2019, in June, the price surpassed $30, however, the price dipped to $15 by October. Since the dip, the price maintained the similar trend and traded below $15 by the end of 2019.
The price surged from $13 to nearly $20 in January and set a new high breaking the upper resistance levels. However the price swelled to $25 in February and before it could head towards the next target, the bearish divergance outspread the market.
The price fell rapidly below $9 in March, however, recovered to some extent to reach $18 by the end of April and rose to $23 by the end of August. Shockingly, the price plunged to $19 by early September and further spiked to $31 in mid-September. As the expansion of Bitcoin’s price rally, BNB climbed to $32 by the end of November. With certain price swings, BNB traded at $37 during the end of December 2020.
Is Binance Coin (BNB) Centralized, Decentralized or Semi-Centralized?
Binance Coin (BNB)’s governance is Centralized>hierarchical.
Is BNB a good investment?
Yes. The long-term earning potential is +15.11% in one year.
Where do I buy Binance Coin?
There are many places to buy and exchange Binance Coin like coinbase , wazirX , Binance exchange and more.
What will bitcoin be worth in 2021?
Though many believe that Binance Coin is a good investment and one of the safest cryptocurrencies out there (mainly because of its relative stability). BNB Price Might hit $1k
First let us peel the layers of some basic information about Binance.
Dogecoin Price Close 70 Cents, Will the Whales Allow Rally To Hit $1?
Dogecoin price rallies more than 50% for the second consecutive day, may smash $1. The doge price may flip BNB now and ethereum later
Whales Might Cash Out Before $1!
The dogecoin price had a spectacular rally since the beginning of 2021. The price after a pretty long consolidation pulled a leg up and rallied more than 50% to close the daily trade above $0.5. However the price resumed its bull run since the early time of trade and accumulated more than 25% gains.
No doubt the entire crypto space believes the price may hit the milestone at $1 any moment in the coming 24 hours, yet some look at a possible dump. A popular analyst and co-founder of blockroots.com, Rager predicts $1 DOGE price is programmed.
In my honest opinion, I think $DOGE hitting above $1 is locked in
It’s almost $0.70
— Rager 📈 (@Rager) May 5, 2021
The analyst believes that many whales have held the asset for a very long time and hence they might liquidate their profits before $1. As the early investors influxed a huge amount and waited patiently to uplift the asset from just a meme to a reality.
DOGE Price May Flip BNB, Is ETH The Next Target?
With the historical journey from $0.008 to the current levels around $0.69, the market capitalization touched the skies. After entering the top 10 cryptocurrency list from nowhere, the asset maintained within the top 20 despite some dumps. However, after the mammoth rally, the asset flipped the Tether & XRP market cap, and Binance Coin is on the cards.
However, as the DOGE price smashes the $1 milestone, Dogecoin is expected to become the 3rd largest cryptocurrency. Interestingly, if the rally continues towards the next milestone, the possibility of the asset securing the second spot, flipping Ethereum cannot be ruled out.
Collectively, the dogecoin price rally as predicted by the analyst may even flip Ethereum after attaining certain levels. Moreover, the price focus currently for the DOGE price is to stand strong if it rallies close $1. And continue the rally post $1 smashing all the hurdles.
New Projects for Cardano Could Be a Game-Changer! ADA Price
Cardano Price has risen 722% in value this year, from $0.18 in January to an all-time high of $1.48. Also, ADA price…
Cardano’s native token, ADA, has risen 722% in value this year, from $0.18 in January to an all-time high of $1.48. Also, NFTs created a lot of buzz and the craze around them was unbelievable.
Lark Davis, a well-known crypto trader, predicts that a range of convincing crypto narratives will provide early investors with significant returns this cycle.
The Cardano blockchain’s development team has already revealed new information about the smart contract release. Following the release of its Mary protocol in March, Charles Hoskinson’s Cardano has announced that its Alonzo update will be available in August.
The addition of smart contracts to Cardano would result in a flood of new ventures, potentially rewarding investors and thus creating new earning opportunities
According to Lark Davis,
“The smart contracts are coming to the mainnet for Cardano likely in August, assuming that there are no delays with the road map.
So we’re about to see this just explosion of new projects coming to Cardano.”
Elrond, which has finally published the Maiar Exchange’s first snapshot, is also on Davis’ radar. It will allow EGLD holders to see their MEX governance token balances rise. With the majority of the token supply airdropped to EGLD holders, the MEX governance token will enable the group to make decisions. And also the release of its fundraising mechanism (launchpad) on the block chain is another big thing for the token.
The Maiar Exchange snapshot interface is live.$MEX balances increase after each weekly snapshot cycle. The first cycle is in progress.
— Beniamin Mincu ⚡ (@beniaminmincu) April 21, 2021
As per Davis, the Elrond launchpad will introduce “a whole new wave of tokens to the Elrond universe.
The trader says he’s also anticipating big things from Solana (SOL).Because of its high speed, low fees, and size, the Solana ecosystem of developers chooses to create with Solana as the ecosystem expands without compromising censorship resistance or protection.
“While the Solana asset itself has been very bullish recently, it’s not what’s going to give you the biggest gains.”
Non-fungible tokens (NFTs), which are one-of-a-kind digital assets that can be used to display digital art, real estate, tickets, and more, are another trend that the YouTuber believes will continue to pay off for investors.
Davis points out that NFTs have a strong value proposition in the gaming industry, where virtual assets are often purchased, exchanged, and sold, as well as in the sports industry, where digital cards and other collectibles are very common.
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