Binance Coin (BNB) Looks Very Bullish On All Timeframes – $27 Incoming?

Cryptocurrency by Sal Miah  | 2 weeks ago
2 min read

It is no surprise that BNB looks very bullish. The cryptocurrency is attractive to investors because of the Launchpad feature by Binance.

Binance Launchpad allows investors to participate in token sales hosted within the Binance platform. Holders of BNB get exclusive access to projects before they are even listed on the Binance exchange.

With more tokens expected to hold their sales via the Launchpad, the value of BNB is likely to increase over time.

Better Performance Expected For BNB

Recently, Twitter user Benjamin Blunts had to reassess the target placed for the BNB token. The performance of the token in the short-term was so good that it surpassed the 13%, and 2.3R target was aimed at.

BNB’s performance recently | Source: CoinMarketCap

In the past month, BNB increased by approximately 25%. Its chart shows an upward trend that will likely not stop anytime soon.

Currently valued at just under $20, BNB may get to $30 at least before the year ends. This makes for an excellent short-term asset for those who plan to cash in on the current BNB price flow.

BNB Has Performed Great This Year

Buying BNB now seems like a no-brainer to those following the cryptocurrency. The expected long-term gains may even be more fulfilling than short-term benefits.

The market is responding positively to BNB; thus, things seem to be working for Binance.

With the positivity currently surrounding blockchain projects, BNB may be on the path to greater heights.

 

Featured Image Source: Altcoin Buzz