Binance Coin Price Prediction – Gains 20% This Week, Can BNB Reach $1,000?
Binance Coin price prediction remains strongly bullish as the coin has surged nearly 20% this week to $338 before coming back to the $324 level. Changpeng Zhao, the CEO of Binance, announced that the National Bank of the Republic of Kazakhstan would include its central bank digital currency (CBDC) in BNB Chain.
The current BNB price is $324, and the 24-hour trading volume is $1.3 billion. In the last 24 hours, BNB has dropped less than 1%; however, the coin has gained nearly 20% in the last seven days. CoinMarketCap currently ranks #4, with a live market cap of $52.
It has a maximum supply of 200,000,000 BNB coins and a circulating supply of 159,978,060 BNB coins. The BNB/USD pair opened the day at $325.60 on November 1, reaching a high of $334.50 before falling to a low of $323.90.
As the debate over the cryptocurrency's future position on Twitter heats up, BNB (previously known as Binance Coin) has reached new highs versus BTC. According to TradingView, on October 30, BNB/BTC briefly surpassed 0.1500 BTC to a record 0.1526 BTC.
The impressive result followed news that Binance was preparing to assist Twitter in eliminating bots as part of its new Elon Musk-led strategy.
Binance has made a $500 million contribution to Musk's acquisition of the social media platform. In a cryptic tweet, Binance CEO Changpeng "CZ" Zhao said:
"Our intern says we wired the $500 million 2 days ago, probably just as I was being asked about Elon/Twitter."
CZ's subsequent posts included the phrases "Let's unleash the bird" and "Crypto Twitter," the first of which appeared to refer to Musk's tweet, "the bird is freed." Binance's native token, BNB, has increased in value as a result of the news.
Changpeng Zhao, the CEO of Binance, announced that the
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