However, at the time of writing, the asset was down 15.16% from its previous high. While altcoins attempt to reclaim this level, the asset’s downward pull appears to be stronger. The asset is currently trading at $610.94 following a 0.64% daily gain.
Although BNB is significantly below its peak, the community expects the asset to reach new highs. According to Changelly, BNB is expected to have a bullish month. The platform revealed that the cryptocurrency will experience a notable price increase and regain its previous high on June 25, 2024.
Additionally, BNB is expected to record new highs almost every day throughout that particular week. The maximum price the asset will reach is $766, marking a 26% increase from current levels.
Is Binance Coin (BNB) All-Time High Real?
The cryptocurrency market is extremely volatile in nature, with extremely high highs and very low lows. However, there are plenty of catalysts that could help BNB go up. Binance’s Launchpool Could Deliver Outstanding Impact. The company also aims to offer Notcoin, a token related to Web3 Telegram that has appeared on the market recently.
Additionally, the Long/Short ratio on Coinglass demonstrates the dominance of long positions. The current rate is 0.9778. This continues to be seen as a bullish sentiment as traders are showing a bias towards long positions.
While the market may be uncertain, factors like these increase market optimism.
See more: Trump pledges this for Bitcoin if re-elected
