Join Our Telegram channel to stay up to date on breaking news coverage
Today, on August 5, the Binance Coin (BNB) and the rest of the crypto market are down in value. But here’s the exciting part: Binance’s price movements show that it might go up and stay above $240.
There’s some big news too! The crypto community is excited about a new project coming up. Because of this, some people think that the price of BNB could increase even more in the future.
So hyped for the release of the opBNB Mainnet 🙌
If you missed last week's detailed blog and thread, read about our plans below. https://t.co/Y3g0VPeg6X
— BNB Chain (@BNBCHAIN) August 5, 2023
BNB’s Price: A Tug-of-War Between Bulls and Bears
In the past week, BNB’s price hasn’t changed much; over the last 30 days, it dropped around 0.50%. But interestingly, BNB is still staying above $240 even though the market isn’t doing great.
At the time of writing, BNB Coin is trading around $241.25, with a lot of trading happening in the last 24 hours. Some experts think that BNB might start going up again soon.
Looking at the chart, the red candlestick shape shows that today more people are selling BNB than buying it.
The numbers suggest that BNB’s price might keep going down in the short and long term because it’s trading below the 50-Day and 100-Day average lines.
The Relative Strength Index (RSI) number is 48.04, meaning things are in the middle. This could mean that BNB’s price might stay around $240 for a while.
It’s like a tug-of-war between people who want to buy and those who want to sell. If the sellers win, the price might drop below $240. But if the buyers win, the price could go above $240 soon.
Breaking BNB’s Barrier: Price Insights and Exciting Alternatives
BNB is having trouble going past $249.30 – a barrier where people hesitate to buy. This might slow BNB’s price or even go the other way before the weekend.
But there’s good news too! If the price reaches $236.40, it might increase again because more people might want to buy.
Traders need to keep an eye on these numbers. Something big might happen if the price goes above or below these levels.
Even though BNB is doing well, there’s another fantastic option to consider the Shibie Coin presale. It’s gaining much attention and might be a good choice for investors looking for something different from BNB.
Alternative BNB
Shibie Coin is a daring and distinct cryptocurrency that wants to leave a permanent mark on the blockchain. Shibie Coin is capturing the crypto community’s attention with the grace of a feline and the ambition of a trailblazer.
Shibie Coin unveils its tokenomics masterpiece, 60 billion $SHIBIE tokens thoughtfully distributed: 60% for the presale, 10% for CEX listings, 5% for the team, 5% for marketing, and 20% for liquidity.
Dive into the world of Shibie Coin with caution and excitement as its journey promises twists and turns.
Shibie Coin is more than just a cryptocurrency; it’s a movement electrifying the crypto landscape, challenging the norm, and setting new standards.
Channeling the vibrant spirit of the Barbie movie, Shibie Coin’s pink-themed website pays homage to its unique character and unapologetic boldness.
🗞️🐶 "#Coinbase steals the headlines while $SHIBIE is off on a #roadtrip with #Ken, exploring the scenic routes of the crypto world. It's just another day in the Diva world of #SHIBIE.
Join the #presale now: https://t.co/0vq6u6CXw2 pic.twitter.com/TBe0fYmt5N
— Shibie Coin | Live (@ShibieCoin) August 4, 2023
In the ongoing presale, SHIBIE has already raked in an impressive $112k, aiming to hit $999,999 within four days. Aspiring investors can enter the action by linking their digital wallets to the token’s website and trading their ETH or BNB. Each SHIBIE coin is currently valued at $0.000167. Get ready to be a part of something extraordinary!
Related:
- Top Trending Crypto Coins on DEXtools – HEX, Wrapped BNB, FeatherCoin
- Best Crypto to Buy Now August 3 – Optimism, Shibie, Kaspa
- Best Altcoins to Buy Now for 2023
Most Searched Crypto Launch - Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards - pepeunchained.com
- $10+ Million Raised at ICO - Ends Soon
Join Our Telegram channel to stay up to date on breaking news coverage
