In the short term, you could definitely go out with returns on the Binance Coin course. Namely, we expect the price to rally to around $360 to test the next resistance. After the course has confirmed the resistance and thus also confirmed the breakout from the sideways phase at the same time, it could go south again. The price might dip to $220 again and test the support. In the short term, the price could also break the $220 support and see a wick to $140. However, this will be looked at in more detail in our next Binance Coin forecasts. Subscribe to our newsletter so you don't miss anything!
Binance is the largest crypto exchange in the world and even has its own blockchain for its token. However, Binance has more and more problems with regulations, which is why the Binance Coin could of course also decline. FTX , on the other hand, is currently doing a great job, which is why FTX could soon replace Binance from number 1. However, this cannot be said so far.
It is quite possible that the Binance Coin will eventually reach $1000. Especially in the next bull market. However, if you decide to use an exchange token, we would not choose Binance Coin. There are enough alternatives.
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