The crypto ditch Binance Coin (BNB) may hardly escape is a positive one as several indications show that the coin may hit $1000 in the last quarter of 2021.

Having soared by more than 2,000% early this year, it appears that the supposed return of the bull run coupled with the fundamental projects embarked upon by Binance will serve as push factors.

We shall examine some forward-looking projects being embarked upon by Binance with a view to connecting the dots on the possible influence on BNB.

What’s BNB? 

Binance Coin (BNB) is the native token of the biggest cryptocurrency exchange across the world based on daily trading volume. Binance coin was developed by the founder and CEO of Binance, Changpeng Zhao.

Given the exponential growth of Binance trading platform since its launching in 2017, Binance coin has derived a great deal of benefits from the crypto ecosystem with many investor picking interest in the token.

Experts believe that Binance coin experienced significant price increase because of its use case in several binance networks such as Binance chain, Binance Smart Chain, Trust Wallet, among others.

According to CoinMarketCap live update, Binance Coin is down by 4.1% with its live trading price at $473 at the time of writing.

Latest Updates on Binance Coin ($BNB)

Binance team has been making significant efforts in making its service and platform better and bigger. It is synonymous to saying that the team announces new project and partnership on a daily basis.

A couple of days ago, Binance announced a partnership deal with the Italian Seria A club Lazio. This empowers the crypto trading platform as the sole handler of the Lazio fan token.

Similarly, the team has disclosed that it will be launching its first-ever Initial Game Offering (ICO), which is directed towards building NFT Gaming metaverse.

Additionally, the platform has rolled out its Annual Percentage Yield (APY) on some tokens. Any wonder that the active addresses on the platform keep rising.

Binance recently revealed that it recorded over 1000million unique addresses on its platform. This is a landmark with great positive implications on the platform and its token..

Prospects of BNB in Quarter 4

Knowing fully well that BNB is the native token for Binance, there is a huge tendency that the price of the token will further soar because it is actively used in the Binance ecosystem.

The series of projects and partnerships recently entered by Binance will most likely upscale transactions around the token, which will reflect on the price.

Moreso, the token has tremendous use cases like lightning-fast transactions, very safe and secure, and it is even accepted by some service providers. The token may record 2x in quarter 4 if the crypto market maintains the current wave.

Leave a Reply

Your email address will not be published.

You May Also Like