Mediaboss Marketing

With Bitcoins (BTC) next halving event just around the corner, many analysts anticipate another market rally just before or following the event. Binance Coin (BNB) has witnessed a significant pump over the last few weeks, rallying nearly 21% in the 14-day charts, 56.6% over the previous month, and almost 74% since March 2023.

Also Read: Binance Executives Still in Nigeria Custody After Court Appearance

BTCs halving will reduce the assets supply and thereby may lead to an increase in prices. Being the market leader, BTC could trigger a market-wide rally for other altcoins, such as Binances BNB.

According to CoinCodex, BNB could rise to $738.31 on Apr. 10, 2024. Reaching $738.31 from current levels would translate to a growth of about 29.3%. However, the platform predicts BNB may witness a correction soon after hitting the $738.31 mark, falling to $683.6 by Apr. 20, 2024.

Also Read: Binance Tasks Prime Brokers with Identifying U.S. Nationals

Changelly, on the other hand, does not anticipate Binances BNB to breach the $700 in April. The platform predicts a maximum price of $699.85 in April, a rise of about 22.6% from current levels. Furthermore, according to Changelly, the $699.85 price level will be the highest for BNB in 2024. The platform expects the asset to head down for the rest of the year.

Telegaon, however, predicts BNB to hit a maximum price of $839.42 in 2024. Reaching $839.42 from current levels would translate to a growth of about 47.11%. However, the platform does not clarify which month of 2024 BNB may attain this level.

There is also a possibility that Binance Coin (BNB) may continue to surge even after hitting a high in April, contrary to Changellys prediction. If inflation in the US cools down, we may see a surge in the crypto market.

Read the original here:

Binance Coin (BNB) Price After Bitcoin Halving - Watcher Guru