BNB ?Extremely Bullish?: Analyst Targets $1000 Breakout As It Hits New Yearly High
29 days ago
Wrapped Bitcoin
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What happens when the market shifts, and cryptocurrencies start to soar? Well, that's exactly what's happening with Binance Coin. The world's largest cryptocurrency exchange's native token has experienced a 7% surge within the past 24 hours, putting it ahead of the top five cryptocurrencies in terms of performance. But that's not all - BNB has also surpassed its previous yearly high of $645 from March, reaching a high of $673 on Tuesday. Is BNB primed for a bullish surge to $1,000? Renowned market expert "Sheldon The Sniper" thinks so, and he's not the only one. Kaleo, another crypto analyst, also believes that BNB is on the verge of entering a "phase of price discovery," with the potential to repeat history in the current market cycle. But is BNB's uptrend sustainable, or will there be a price correction? Let's take a closer look.