BNB Price Prediction: BNB Chain Unveils $100M Listing Rewards As Traders FOMO Buy MEMEX Presale With Only 3 Days Left

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BNB Price Prediction: BNB Surges 4% As Abu Dhabi’s MGX Invests $2 Billion In Binance, While This Best Wallet Presale Smashes $11M
BNB Price Prediction: BNB Surges 4% As Abu Dhabi’s MGX Invests $2 Billion In Binance, While This Best Wallet Presale Smashes $11M

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The BNB price dropped over 1% in the last 24 hours to trade at $629 as of 5:30 a.m. EST on trading volume that surged 70% to $2.52 billion.

The BNB price dip comes despite a recent announcement that the project is launching a program that will pay every BNB-native token to achieve a listing in a centralized exchange. The move is intended to incentivize the growth of value projects on the BNB blockchain, supporting listings on 3 tiers of centralized exchanges.

Tier 1 includes platforms like Binance, Coinbase, and Upbit, with the institution delivering up to $500,000 per listing. Achieving a listing on Tier 2 exchanges like Kraken, OKX, or Bybit will reward the project with $250,000, and listing on Tier 3 platforms like Bitget, MEXC, KuCoin, Crypto.com, or Gate.io will grant the project $10k per listing up to $50k total.

BNB Price Prediction

As mentioned, the BNB price saw a minor decline despite the new program, which sent its value from yesterday’s $640 to $629 at the time of writing. However, BNB has seen strong fluctuations throughout the past week, going back and forth between $620 to $640, so the decline seen in the last 24 hours represents the continuation of this pattern.

The coin’s Bollinger Bands saw a sharp widening yesterday as the price surged from $620 to $640, only to then tighten somewhat as another slow decline began.

BNB Price Prediction

BNB/USDT chart analysis (Source: TradingView)

As for its Relative Strength Index (RSI), the metric ventured deeply into the overbought zone yesterday, reaching the value of 80. What followed was a sell-off that sent the RSI to the edge of the oversold zone, from where it once again returned to the brink of the overbought area, nearly reaching the value of 70.

Following these sharp fluctuations, the RSI slowly declined back to 30, only to then recover to the neutral value of 50. This suggests that traders are still fairly active and that they are using the RSI to make their trading decisions, changing trends whenever the metric approaches one of the two bordering values.

For now, however, the RSI is continuing to grow, and could potentially go back toward the value of 70, possibly causing the price to go back up again.

Promising Alternative To BNB

While BNB tries to find its footing in the market, Meme Index (MEMEX) could offer a much better opportunity.

This is a new meme coin project that has been in ICO over the past few months and is now only three days away from ending its presale and going live. Investors have patiently waited for the launch for months, as the crypto offers a new, low-risk way of investing in meme coins.

The project introduces baskets of meme coins, or indexes, each of which contain multiple coins and tokens. By investing in any of them, you get a diverse investment with a single move, rather than buying individual coins and tokens.

There are 4 indexes – Titan, Moonshot, MidCap, and Frenzy. Each is more volatile than the last, but offers a greater potential reward. To invest in any of them, you need the project’s native token, MEMEX.

MEMEX is selling for only $0.0166883, and its presale has raised over $4.3 million. However, its potential for growth is massive thanks to the indexes.

Analyst and YouTuber Crypto Nautic, with over 102K subscribers, says MEMEX ”Is The One Coin To Rule Them All.”

Visit the Meme Index website.

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