altFINS

Captain

Billion

Coin

<p>Crypto analyst Captain Faibik offered up a bullish <a href="https://twitter.com/CryptoFaibik/status/1739884124847100328?t=Z2rbg71ISadGRgyaztuQgw&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">outlook</a> on major exchange token Binance Coin (BNB), asserting fresh all-time highs are on the horizon in early 2024 as momentum builds behind the Binance ecosystem.</p>
<p>Recent fundamental <a href="https://twitter.com/BSC_Highlights/status/1739695257456091591?t=Iqtvm6VroSiPA1Jq66kw5w&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">developments</a> look supportive, with Binance tokenizing a basket of liquid staking derivatives (ASX) and making that asset tradable against BNB. Expanding crypto investment offerings broadens the use cases and utility of holding BNB.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="492" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-710-1024x492.png" alt="" class="wp-image-407538" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-710-1024x492.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-710-300x144.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-710-767x369.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-710-1536x739.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-710-2048x985.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-710-312x150.png 312w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-710-100x48.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-710-728x350.png 728w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-710-788x378.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-710.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Technically, as highlighted by altFINS, BNB staged a decisive breakout above its 200-day moving average as well as formidable resistance in the $260 area that had capped price action the past six months. That breach helped confirm the resumption of BNB’s core bullish trend across timeframes.</p>
<p>The sharp pop opens the door for measured upside toward the $300 mark in the first take. Captain Faibik expects the breakout to fuel increasing momentum through the first half of 2024, likely culminating with fresh record highs for Binance Coin.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-711-1024x573.png" alt="" class="wp-image-407547" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-711-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-711-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-711-768x430.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-711-1536x860.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-711-2048x1147.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-711-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-711-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-711-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-711-788x441.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-711.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><em>Source: </em><strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="altFINS" href="https://captainaltcoin.com/go/altfins/" data-shortcode="true"><em>altFINS – Start using it today</em></a></strong></p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Don’t Sleep on this Explosive Crypto Airdrop!&nbsp; <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>Install the <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Getgrass" href="https://captainaltcoin.com/go/getgrass/" data-shortcode="true"><strong>GetGrass extension</strong></a> ASAP – the more points you score, the bigger your free crypto payoff! This red-hot airdrop could set you up for the future, but only if you <strong><a href="https://captainaltcoin.com/go/getgrass/" target="_blank" rel="noopener noreferrer nofollow">take action</a></strong> right now!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>As the native token of the world’s leading centralized exchange, BNB enjoys deep liquidity and reflects the prevailing sentiment across crypto markets. With volume and volatility resurfacing recently as Bitcoin consolidates, demand for trading and speculation benefits BNB disproportionately during rallies.</p>
<p>While some momentum deterioration has surfaced following BNB’s initial spike, as long as $260 holds as support, the technical posture remains promising. With retail euphoria still lacking during this nascent upswing, conditions align for tremendous BNB upside ahead if risk appetite continues improving in 2023.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/analyst-urges-kaspa-enthusiasts-to-reconsider-selling-kas-post-coinbase-listing-draws-parallel-to-ada/" target="_blank" rel="noopener noreferrer nofollow">Analyst Urges Kaspa Enthusiasts to Reconsider Selling KAS Post-Coinbase Listing, Draws Parallel to ADA</a></li>
 <li><a href="https://captainaltcoin.com/why-was-1-3-billion-in-bitcoin-moved-to-binance-a-hot-new-altcoin-prepares-for-launch/" target="_blank" rel="noopener noreferrer nofollow">Why Was $1.3 Billion in Bitcoin Moved to Binance? A Hot New Altcoin Prepares for Launch</a></li>
 <li><a href="https://captainaltcoin.com/ripple-xrp-price-set-to-soar-in-2024-render-rndr-rebelsatoshi-rblz-poised-for-1980-increase/" target="_blank" rel="noopener noreferrer nofollow">Ripple (XRP) Price Set to Soar in 2024; Render (RNDR) &amp; RebelSatoshi ($RBLZ) Poised for 1,980% Increase</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy thetrades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/why-is-bnb-price-up/" rel="noopener noreferrer nofollow">Why is BNB Price Up?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why is BNB Price Up?

Table of Contents

CaptainAltcoin

Other articles published on Dec 27, 2023

Navigating the Metaverse: MOZ Prepares for IEO on Koinpark, Pioneering Precision in Virtual Synch...

Crypto Market Recovery: Turkish Investors Show Interest in These Cryptocurrencies

Shiba Inu Team to Automate SHIB Burns Amid Community Concerns

Thunder Terminal Suffers Hack: $192,000 in Ethereum Stolen

Microsoft launches its Copilot app on Play Store

Thunder Terminal suffers hacker attack, losses amount to $240k

Join our free newsletter for daily crypto updates!