Binance’s BNB token seems to be recovering from the recent market correction, fueled by Iran’s attack on Israel. The asset is down 0.5% in the daily chart but is up 9.5% in the weekly chart, 4.8% in the 14-day chart, and 9% over the previous month. Furthermore, BNB’s price has emerged by 82% since April 2023.
Also Read: Binance BNB Predicted To Hit New All-Time High: Here is When
BNB’s latest rally could be due to BTC reclaiming the $66k level. BTC’s recovery is likely due to continued inflows into spot BTC ETFs (exchange-traded funds). According to Bloomberg ETF expert https://twitter.com/EricBalchunas/status/1782386163698835663BlackRock’s BTC ETF is getting closer to entering the top 10 ETF list.
Binance BNB price prediction for April end 2024
According to CoinCodex, BNB will enter a bullish phase for the next few weeks at least. The platform anticipates BNB to hit $645.17 on Apr. 30, 2024. Reaching $645.17 from current levels would translate to a growth of about 7.01%.
Furthermore, CoinCodex anticipates Binance’s BNB token to hit a new all-time high next month. According to the platform’s data, BNB could hit $757.75 on May 12, 2024. Reaching $757.75 from current levels would translate to a growth of about 25.68%.
Also Read: Can Binance Coin (BNB) Hit $800 By April End?
Changelly also paints a bullish picture for Binance’s BNB coin. The platform anticipates BNB to hit $636.19 on Apr. 30, 2024. Furthermore, Changelly also expects BNB to hit a new all-time high next month. The platform predicts BNB to go as high as $750.26 on May 11, 2024.
The bullish outlook around BNB could be due to bullish predictions for Bitcoin (BTC). Many analysts anticipate the original cryptocurrency to hit a new all-time high soon. If BTC reclaims its peak, it may lead to a market-wide rally.
