As the community preps for the release of Binance’s Changepeng Zhao, investors have been closely monitoring the price of the exchange’s native cryptocurrency. Binance Coin (BNB) had a great year despite all the chaos within the firm.
The asset surged to an all-time high of $720.67 about three months ago in June. BNB saw 143% growth over the past year alone.
Also Read: Meme Coins Plummet: Trump vs. Harris Debate Shakes Election Odds
At press time, Binance Coin was trading at $512.10, marking a 28% decline from its peak. Over the past 24 hours, the asset saw a significant dip of 2%. BNB went from a high of $523 to a low of $507. While the asset is in a rut, BNB is expected to witness a surge following the release of CZ.
Also Read: Shiba Inu To Hit All-Time High Post 10x Rise, Analyst Predicts
How High Will BNB Rise on September 15?
According to data from Changelly, Binance Coin seems to be opening up a bullish chapter in the coming few days. BNB is expected to surge by more than 10% later this week. Following a 10.09% increase from its current price level, the altcoin will trade at around $568.67.
Considering this, the asset could be gearing up to reclaim the $600 mark by the end of the month. A prominent cryptocurrency analyst, CryptoGodJohn, further attested this. He points out that the simplest way for BNB to surpass $600 once more is for CZ to be released from prison. The expert added:
“With CZ to be released from jail in the next 2 weeks & Q4 starting soon, I think this is one of the easiest plays in the market that not many are talking about yet.”
Also Read: Top 3 Cryptocurrencies Predicted to Hit All-Time Highs in Q4 2024
