BNB Price May Rise to $2112 After Reaching All-Time High
A trader and analyst who goes by the pseudonym Crypto Patel believes that the BNB (BNB) price, which recently reached a new high, should rise to $2,112.
On August 23, the price of BNB hit $900 for the first time since the cryptocurrency’s inception in 2017. The coin has gained 41% in the past six months, which has impressed many digital asset traders, but Crypto Patel believes the bull run is far from over.
The expert published a graph showing that:
- BNB price to increase to $2,112 in third wave of uptrend;
- After this, the asset rate will most likely correct;
- During the fifth wave, the coin’s value will rise to $5,000.
Possible BNB price change on chart by Crypto Patel
Looking at the historical fractals and chart structure, one wonders if BNB could join the $10,000+ club in the future. Long-term strategy, solid foundation, growing ecosystem. All of this is encouraging, — wrote Crypto Patel.
One of the commentators rightly noted that the BNB rate is capable of growing to five-digit values if the cryptocurrency continues to be actively burned, the trading volume on the exchange Binance, which created the coin, will not decrease, and the activity of blockchain users will remain at the current level. That is, to reach $10,000, favorable conditions that have already developed in the ecosystem are enough.
