{"id":447886,"date":"2023-10-15T00:26:33","date_gmt":"2023-10-15T00:26:33","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=447886"},"modified":"2024-05-31T15:57:37","modified_gmt":"2024-05-31T15:57:37","slug":"with-expanding-ecosystem-projects-can-bnb-approach-500","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/with-expanding-ecosystem-projects-can-bnb-approach-500","title":{"rendered":"BNB (BNB) Price Prediction: With Expanding Ecosystem Projects, Can BNB Approach $500 While the Market Buzzes About a New Presale Coin?"},"content":{"rendered":"

Binance Coin (BNB), Binance’s native token, has investors eagerly anticipating its trajectory in the face of an expanding ecosystem. <\/span>As the market fervently discusses the prospects of yPredict’s new presale coin<\/a>, could BNB reach $500 as the token trades at an impressive 178,734% above its debut price, per CoinMarketCap stats<\/a>? BNB’s spot price stood at $206.02 as of October 14, 11:12 a.m. EST.<\/span><\/p>\n

Looking at the 3-hour BNB against the dollar charts from TradingView, the MACD indicator is moving in the green zone. This trend will likely continue as bulls hold on to the 24.9 support level presented by the RSI, which is moving close to the average line, showing a likely bullish future for BNB.<\/span><\/p>\n

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However, despite the positive indications for the bull run, there could be a few hurdles on the token’s way to hitting $500. According to 24-hour charts, The 20-day moving average has exceeded the 10-day moving average, forming a death cross, which indicates a possible bearish run.  The Bollinger bands are diverging, showing high volatility levels, which could also indicate selling pressure. However, should bulls resist the pressure and maintain the 24.9 support, BNB could see a rally to $500 in the next few months. Despite this, BNB network’s innovations could see the token achieve this price.
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BNB Chain Making Strides<\/h2>\n

Recently, BNB Chain announced the marathon airdrop, promising an exhilarating two-month journey for crypto enthusiasts. The community awaits the prospect of lucrative token treasures. Scheduled to commence from October 10th to December 10th, this event is expected to bring forth numerous airdrop opportunities, elevating the prospects of the participating members.<\/p>\n

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Ready for an exciting two-month journey filled with token treasures? 💰<\/p>\n

The BNB Chain Airdrop Marathon is here, bringing tons of airdrop opportunities to our community.<\/p>\n

Join us for an adventure from Oct. 10th to Dec. 10th:https:\/\/t.co\/5JtjfZVQEA<\/a>https:\/\/t.co\/9qLq3uGbog<\/a><\/p>\n

— BNB Chain (@BNBCHAIN) October 9, 2023<\/a><\/p><\/blockquote>\n