A History of Binance Coin (BNB) Price Movements

2021-2-4 15:10

Binance Coin (BNB) has increased considerably since March 2020 and proceeded to reach a new all-time high price on Feb. 4, 2021.

Binance Coin is currently in its third market cycle. This article will compare previous market cycles and examine how the current cycle compares in terms of rate of increase and length.

First Binance Coin Cycle

The first market cycle for BNB began with a low of $0.50 on Nov. 17, 2017. BNB followed that up by increasing a massive 4,936% in only 67 days. This culminated with a high of $25.18, which was reached on Jan. 12, 2017. This level remained BNB’s all-time high until April 2019.

After the high was reached, BNB decreased by 84% over 329 days. This is a significant correction, but it was more gradual than the preceding upward move.

BNB move downwards until a low of $4.12 was reached on Dec. 7, 2018. After this, BNB began its second cycle.

BNB Chart By TradingView Second Cycle

The second cycle was much more gradual than the first.

BNB increased by 861% over a period of 197 days, culminating with an all-time high price of $39.59 on June 22, 2019. This all-time high remained until Dec. 2020.

It’s interesting to note that once BNB broke its previous all-time high, it dropped significantly before eventually regaining its losses.

Unlike the upward move, the ensuing correction was much more similar to the first. BNB decreased by 84% over 265 days in this correction.

After reaching a low of $6.30 on March 13, 2020 — very close to the previous low of $4.12 — BNB began its third and current market cycle.

BNB Chart By TradingView Third Cycle

The third market cycle began with the aforementioned Mar. 13 low and is still ongoing.

So far, BNB has increased by 693% in the days since, without undergoing a significant retracement.

Once it broke out above the previous all-time high, BNB returned to validate it as support twice and has been moving upwards since.

This is unlike the previous all-time high breakout, after which BNB decreased considerably. Therefore, if the current support area holds, BNB would be expected to increase at an accelerated rate.

So far, BNB has reached a new all-time high price of $55.40 on Feb. 4.

An increase of 869%, similar to the second market cycle, would take BNB to $62. A move of 4,936% like the first market cycle would take it to $320.

BNB Chart By TradingView

The post A History of Binance Coin (BNB) Price Movements appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Binance Coin (BNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $562.5
Капитализация $0 Rank 99999
Цена в час новости $ 54.9 (-100%)

cycle market coin binance bnb terms compares

cycle market → Результатов: 126


A temperature check on crypto as market eyes end of rate hiking cycle

Key Takeaways The Federal Reserve increased interest rates 0.25% Wednesday, but the market is anticipating the hiking cycle is coming to a close Optimism is flowing in crypto markets, which saw crushing losses in 2022 as rates rose swiftly While the Fed has said it no longer forecasts a recession, this could be a double-edged […] The post A temperature check on crypto as market eyes end of rate hiking cycle appeared first on CoinJournal.

2023-7-28 18:17


Glassnode: Шесть метрик указывают на рост биткоина выше $200 000

Цена биткоина может вырасти в десять раз от текущих уровней. К такому выводу пришел технический директор Glassnode Рафаэль Шульце-Крафт на основе шести ончейн-метрик. 1/ Where are we in the #Bitcoin market cycle? A look at some of the most important on-chain market indicators.

2020-12-11 14:06


Фото:

Glassnode: «безумно бычьи» метрики биткоина указывают на цели выше $200 000

Цена биткоина может вырасти в десять раз от текущих уровней. К такому выводу пришел технический директор Glassnode Рафаэль Шульце-Крафт на основе шести ончейн-метрик. 1/ Where are we in the #Bitcoin market cycle? A look at some of the most important on-chain market indicators.

2020-12-11 12:24


“Cyclical Nature Of Bitcoin” Could Provide Clues On Continuation Or Correction

Bitcoin is clearly at a pivotal point in its current market cycle. But market cycles aren’t always obvious as to what might occur, even if the when happens to become more clear with time. In the leading cryptocurrency by market cap, Decembers are particularly notable, culminating in most of the asset’s tops and bottoms. With […]

2020-12-4 23:00


Фото:

Bitcoin’s “Reserve Risk” Indicator Suggests the Next Parabolic Cycle is Coming

Bitcoin’s prolonged bout of sideways trading isn’t showing any signs of letting up Its stability is proving to be extremely bullish for the aggregated crypto market, as many tokens have found themselves caught within firm uptrends Some speculate that it won’t be until these tokens start seeing slowing momentum that Bitcoin can run One technical indicator is suggesting that this may be the case and that BTC is currently building a strong base to make […]

2020-7-21 21:00


Фото:

Bitcoin Poised To Embark On A New Bull-Market Cycle Amid Lackluster Market Environment

The first quarter of 2020 for Bitcoin was as promising as it was unencouraging. Although the former was largely the mantra as regards forecasts, and while most predictions have been withdrawn or amended, the third quarter of the year is expected to present more favorable conditions for the Bitcoin market. While the first two months […]

2020-7-11 10:16


Фото:

Market Update: Crypto Assets Slowly Gather Gains, Bitcoin Needs Capital Inflow, ADA Jumps 85%

Cryptocurrency market prices have improved a great deal since our last market update, as the overall market capitalization of all 5,700+ coins has gained $16 billion since June 14. Most of the top digital assets have remained in a consolidated cycle and a great number of cryptos have been able to hold above their 50-day […] The post Market Update: Crypto Assets Slowly Gather Gains, Bitcoin Needs Capital Inflow, ADA Jumps 85% appeared first on Bitcoin News.

2020-7-9 16:15


Фото:

Will Ethereum’s “New Market Cycle” be Enough to Stop it From Plunging Lower?

Ethereum has seen a distinct divergence between its fundamental utility and its price action Despite seeing unprecedented usage rates, the cryptocurrency’s price action has been closely correlated to that of Bitcoin and the aggregated crypto market One prominent investor is now noting that ETH appears to be entering a new market cycle This comes as the explosively popular DeFi trend continues gaining major traction From a technical perspective, some analysts do believe that it may […]

2020-6-22 22:00