BNB is bullish today. In the last 24 hours, BNB has gained around 2%, trading at $290 at the time of writing. The token has been attempting to make a slight recovery in the past month, but it has dropped by 12% during this time.
BNB price prediction
The broader cryptocurrency market has made slight gains in the last 24 hours. The global market cap has jumped by around 2.3% during this time to $896 billion, according to CoinGecko. BNB seems to be benefiting from this uptrend, as seen in the 2% gain over the past day.
BNB has been volatile in the last 24 hours, given that during this time, the token has traded between $284 and $292. The price shows signs of sideways consolidation as it holds support at $290. The token’s trading volumes currently stand at $223 million.
Given the bullish conditions in the market today, there is a possibility that BNB could continue gaining and possibly reach the $292 level again. Testing this level again could pave the way for the token retaking $300.
BNB has a Relative Strength Index of 58, which shows an influx of buyers in the market, which could continue supporting the uptrend. Bullish pressure is also seen in the MACD line that is above the signal line.
Nevertheless, in the past few weeks, BNB has been performing according to the broader market’s performance. Therefore, watching out for the performance of other crypto assets could shed light on where BNB will head next.
Can BNB outperform the bear market?
BNB is the native token for the Binance exchange. Binance dominates the crypto market by having the highest trading volumes compared to other exchanges. The exchange recently released its audited Bitcoin proof-of-reserves.
The proof-of-reserves showed that Binance’s Bitcoin holdings are over-collateralized, which paints a healthy financial image of the exchange. If Binance can continue scooping a massive share of the crypto market, it could trigger notable gains for BNB in the long term.
Altcoin alternatives to buy today
If you are buying BNB during the current bullish sentiment, you might consider diversifying your portfolio with some of the best presales of 2022.
Dash 2 Trade
Dash 2 Trade is currently in one of the best presales of 2022. The presale is currently in the last stage, where 1 D2T is $0.0533. The presale has already raised more than $9.2 million. D2T has already confirmed listings on LBank and BitMart at the end of the presale.
The Dash 2 Trade dashboard is almost ready for launch. The dashboard will allow crypto traders to access the best crypto trading signals to help them pick winning trades. Users will need D2T to access these features, making it one of the best utility tokens.
The IMPT presale is in the last stage, and only two days are left before the presale closes. The presale will end on December 11, after which the token will be listed on exchanges on December 14. Three exchange listings in LBank, Changelly, and Uniswap have already been confirmed.
Crypto investors are rushing to buy IMPT now as the listing price will be higher than the presale price. The presale has already raised more than $16.7 million. IMPT powers a platform that plans to use blockchain to lower carbon emissions.
If you want to diversify your crypto portfolio into blockchain gaming and the metaverse, you should consider participating in the RobotEra presale that is currently in the first stage. 1 TARO is currently priced at $0.020, and the price will gradually increase in the consecutive stages.
The TARO presale has already raised more than $464,000. RobotEra is a Sandbox-like metaverse. However, this platform has been created to boost interaction by allowing players to create avatars, buy and develop virtual land. RobotEra is backed by LBank Labs.
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