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Can the Binance Coin reach $40 in Q2?

BNB Featured 22 May

The Binance Coin (BNB) has seen a remarkable rise in price in the past few weeks, and now analysts are beginning to wonder if the token can reach the forty dollars ($40) mark in the second quarter.

Ever since the beginning of March, when BNB passed by the ten dollars ($10) mark, the token has been riding the wave of success.

Binance-Coin-Price-22-May

BNB chart by TradeView

The constant rise in the price of the BNB allowed it to swoop past an all-time high when it smashed the thirty dollars resistance mark. The best price of the BNB so far has been thirty-two dollars ($32), however, with an upward trend like this, BNB can easily reach the forty dollars ($40) mark.

This constant surge in price was further boosted by a recent tweet on Binance’s official page, which hinted at the release of DEX 2.0.

While the tweet might be just a speculation, as there is no official statement issued by Binance so far, it’s not that subtle of a hint that the company is working on their DEX 2.0 chain.

Over the past three months, the BNB token has increased in value by more than three hundred percent (300%). Not only that, but the overall increase in value the coin is witnessing since its’ release in 2018 is now close to four hundred and thirty percent (430%).

Considering the constant surge BNB has experienced, there is zero to no doubt that the token will continue on the path of breaking highs, and beating resistance levels.

Tina Yordanova

Tina Yordanova

Back from her stint with European Central Bank, Morgan Stanley, Barclays, Societe Generale, Hilton Hotels, and Aviva International, Tina rejoins Cryptopolitan with a deeper insight regarding the financial world, blockchain enterprises and institutions and practices involved in it. She is eager to share her rounded perspective honed from the biggest media analysis companies on the Balkans.

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