{"id":597706,"date":"2024-03-14T00:00:07","date_gmt":"2024-03-14T00:00:07","guid":{"rendered":"https:\/\/ktsl888.com\/?p=597706"},"modified":"2024-03-13T15:02:45","modified_gmt":"2024-03-13T15:02:45","slug":"bnb-on-the-rise-analysts-predict-easy-path-to-new-ath-as-it-nears-600","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bnb-on-the-rise-analysts-predict-easy-path-to-new-ath-as-it-nears-600\/","title":{"rendered":"BNB On The Rise: Analysts Predict Easy Path To New ATH As It Nears $600"},"content":{"rendered":"<p style=\"font-weight: 400\">Binance Coin (BNB) has been on a bullish run despite the regulatory scrutiny that Binance has faced over the last several months. The token registered an impressive 13.7% price surge after almost reaching $600, and analysts predict that a new all-time high (ATH) might be coming in the next couple of months.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-faces-big-move-75k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Price Faces Big Move \u2013 Can Bulls Send BTC To $75K?<\/a><\/div>\n<h2 style=\"font-weight: 400\">Is The Cost Clear For A New ATH?<\/h2>\n<p style=\"font-weight: 400\">As the crypto market rallies, Bitcoin <a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-etfs-see-record-1-billion-inflows\/\" target=\"_blank\" rel=\"noopener \">continues<\/a> to hit ATH after ATH, and altcoins\u2019 prices keep regaining the levels of the previous bullish run. BNB has not been the exception; it surged over 13.7% in the last 24 hours and is near a crucial support level that could propel the token even higher during this cycle.<\/p>\n<p style=\"font-weight: 400\">The price increase could be attributed to market dynamics and BTC\u2019s performance. However, the recent announcement of ether.fi (ETHFI)\u2019s introduction to the Binance Launchpool also seems to fuel the price since it will allow users to farm ETHFI by staking their BNB.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BNB<\/a>: This one goes to ATH easily and this was kind of obvious IMO. Expecting some sort of small pullback before all time highs but I think it breaks it soundly in the next few months <a href=\"https:\/\/t.co\/Ipt66lWKOH\" rel=\"nofollow\">pic.twitter.com\/Ipt66lWKOH<\/a><\/p>\n<p>&mdash; Altcoin Sherpa (@AltcoinSherpa) <a href=\"https:\/\/twitter.com\/AltcoinSherpa\/status\/04288344?ref_src=twsrc%5Etfw\" rel=\"nofollow\">March 13, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"font-weight: 400\">Crypto analyst Altcoin Sherpa shared his forecast for the token as the price was nearing $600. The analyst considers that, given the current BNB\u2019s performances, the path to the previous ATH level is clear: \u201cThis one goes to ATH easily, and this was kind of obvious IMO.\u201d<\/p>\n<p style=\"font-weight: 400\">In the post, the analyst shared a chart that displays BNB\u2019s performance since its ATH of $686.3, which is currently only 13.51% away. The token has <a href=\"https:\/\/ktsl888.com\/analysis\/bnb\/bnb-barrels-past-400-as-binance-tvl-nears-5-billion-details\/\" target=\"_blank\" rel=\"noopener \">registered<\/a> mostly green candles every week since 2024 and only weekly green candles since February.<\/p>\n<p style=\"font-weight: 400\">In the past month, BNB\u2019s price went from oscillating between the $300-$320 price range to hovering between $520-$590, representing an increase of over 80%.<\/p>\n<p style=\"font-weight: 400\">Despite the sunny forecast, Altcoin Sherpa doesn\u2019t rule out cloudy days. The analyst expects pullbacks along the way but foresees BNB breaking the ATH \u201csoundly\u201d in the next couple of months.<\/p>\n<p style=\"font-weight: 400\">Similarly, pseudonym crypto trader and analyst Captain Faibik <a href=\"https:\/\/twitter.com\/CryptoFaibik\/status\/17957706\" target=\"_blank\" rel=\"noopener nofollow\">highlighted<\/a> that the token has gained over 120% since his ATH timeline prediction at the end of 2023. In late December, the trader forecasted that BNB would reach a new ATH in the first half of 2024, and the current performance seemingly reaffirms this stance.<\/p>\n<h2 style=\"font-weight: 400\">BNB Price Performance<\/h2>\n<p style=\"font-weight: 400\">Despite the recent legal scrutiny faced by Binance, BNB has been able to sustain its recovery path. According to the crypto hedge fund Split Capital, the token has <a href=\"https:\/\/twitter.com\/SplitCapital\/status\/67932345\" target=\"_blank\" rel=\"noopener nofollow\">added<\/a> more than $50 billion in market capitalization since the exchange settled with the Department of Justice (DOJ) for $4 billion in November.<\/p>\n<p style=\"font-weight: 400\">BNB\u2019s market cap of $91.22 billion represents a <a href=\"https:\/\/ktsl888.com\/analysis\/bnb\/bnb-price-zooms-450\/\" target=\"_blank\" rel=\"noopener \">10% increase<\/a> in the last 24 hours. By this metric, the token is the fourth largest cryptocurrency in the market. Similarly, its trading volume significantly increased by 50% on the last day.<\/p>\n<p style=\"font-weight: 400\">Earlier today, the price reached $599.8, just cents away from hitting the $600 price range, according to CoinMarketCap data. At the time of writing, BNB has been trading at $595.6, a price surge of 38.6% in the last seven days.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/near-to-rise-even-higher-according-to-these-analysts-can-it-hit-10\/\" target=\"_blank\" rel=\"noopener \">NEAR To Rise Even Higher According To These Analysts, Can It Hit $10?<\/a><\/div>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-597712 aligncenter\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/BNBUSDT_2024-03-13_08-06-09.png?w=860&#038;resize=860%2C433\" alt=\"BNB, BNBUSDT; Binance, Bitcoin\" width=\"860\" height=\"433\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/BNBUSDT_2024-03-13_08-06-09.png?w=1022 1022w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/BNBUSDT_2024-03-13_08-06-09.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/BNBUSDT_2024-03-13_08-06-09.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/BNBUSDT_2024-03-13_08-06-09.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/BNBUSDT_2024-03-13_08-06-09.png?w=360 360w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/BNBUSDT_2024-03-13_08-06-09.png?w=750 750w\" sizes=\"(max-width: 860px) 100vw, 860px\"><\/p>\n<pre style=\"font-weight: 400;text-align: center\">BNB is trading at $595.6 in the 4-hour chart. Source: BNBUSDT on <a href=\"https:\/\/www.tradingview.com\/x\/FO3RDVX0\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured image from Unsplash.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Binance Coin (BNB) has been on a bullish run despite the regulatory scrutiny that Binance has faced over the last several months. The token registered an impressive 13.7% price surge after almost reaching $600, and analysts predict that a new all-time high (ATH) might be coming in the next couple of months. Related Reading: Bitcoin Price Faces Big Move \u2013 Can Bulls Send BTC To $75K? Is The Cost Clear For A New ATH? As the crypto market rallies, Bitcoin continues to hit ATH after ATH, and altcoins\u2019 prices keep regaining the levels of the previous bullish run. BNB has not been the exception; it surged over 13.7% in the last 24 hours and is near a crucial support level that could propel the token even higher during this cycle. The price increase could be attributed to market dynamics and BTC\u2019s performance. However, the recent announcement of ether.fi (ETHFI)\u2019s introduction to the Binance Launchpool also seems to fuel the price since it will allow users to farm ETHFI by staking their BNB. $BNB: This one goes to ATH easily and this was kind of obvious IMO. Expecting some sort of small pullback before all time highs but I think it breaks it soundly in the next few months pic.twitter.com\/Ipt66lWKOH &mdash; Altcoin Sherpa (@AltcoinSherpa) March 13, 2024 Crypto analyst Altcoin Sherpa shared his forecast for the token as the price was nearing $600. The analyst considers that, given the current BNB\u2019s performances, the path to the previous ATH level is clear: \u201cThis one goes to ATH easily, and this was kind of obvious IMO.\u201d In the post, the analyst shared a chart that displays BNB\u2019s performance since its ATH of $686.3, which is currently only 13.51% away. The token has registered mostly green candles every week since 2024 and only weekly green candles since February. In the past month, BNB\u2019s price went from oscillating between the $300-$320 price range to hovering between $520-$590, representing an increase of over 80%. Despite the sunny forecast, Altcoin Sherpa doesn\u2019t rule out cloudy days. The analyst expects pullbacks along the way but foresees BNB breaking the ATH \u201csoundly\u201d in the next couple of months. Similarly, pseudonym crypto trader and analyst Captain Faibik highlighted that the token has gained over 120% since his ATH timeline prediction at the end of 2023. In late December, the trader forecasted that BNB would reach a new ATH in the first half of 2024, and the current performance seemingly reaffirms this stance. BNB Price Performance Despite the recent legal scrutiny faced by Binance, BNB has been able to sustain its recovery path. According to the crypto hedge fund Split Capital, the token has added more than $50 billion in market capitalization since the exchange settled with the Department of Justice (DOJ) for $4 billion in November. BNB\u2019s market cap of $91.22 billion represents a 10% increase in the last 24 hours. By this metric, the token is the fourth largest cryptocurrency in the market. Similarly, its trading volume significantly increased by 50% on the last day. Earlier today, the price reached $599.8, just cents away from hitting the $600 price range, according to CoinMarketCap data. At the time of writing, BNB has been trading at $595.6, a price surge of 38.6% in the last seven days. Related Reading: NEAR To Rise Even Higher According To These Analysts, Can It Hit $10? BNB is trading at $595.6 in the 4-hour chart. Source: BNBUSDT on TradingView.com Featured image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":597707,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[10768,91843,428,11427,79611,89447],"class_list":["post-597706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance","tag-binance-launchpool","tag-bitcoin","tag-bnb","tag-bnbusdt","tag-crypto-analysts"],"acf":[],"yoast_head":"\n<title>BNB: Analysts Predict Easy Path To New ATH As It Nears $600<\/title>\n<meta name=\"description\" content=\"BNB nearly hit $600 as the price continues to soar and analyst forecast a clear path for a new ATH in the coming months.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. In summary, Rubmar seeks to present entertaining and educational pieces to be enjoyed by everybody, aiming to report on the latest news and offer a unique perspective while adding a meme or a pun whenever possible.\",\"url\":\"https:\/\/ktsl888.com\/author\/rubmargarcia\/\"}]}<\/script>\n","yoast_head_json":{"title":"BNB: Analysts Predict Easy Path To New ATH As It Nears $600","description":"BNB nearly hit $600 as the price continues to soar and analyst forecast a clear path for a new ATH in the coming months.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/news\/bnb-on-the-rise-analysts-predict-easy-path-to-new-ath-as-it-nears-600\/","og_locale":"en_US","og_type":"article","og_title":"BNB: Analysts Predict Easy Path To New ATH As It Nears $600","og_description":"BNB nearly hit $600 as the price continues to soar and analyst forecast 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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