Altcoins
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Despite small positive movements in the price of bitcoin, the CoinMarketCap community is not always optimistic about altcoins. For example, industry participants believe that by the end of the year, the native token of the well-known crypto exchange Binance Coin (BNB) will fall in price to $ 289.4.
768 votes were cast for this figure, believing that on December 31, 2022 the price of BNB will be lower than the current one by $6.2601 or -2.12% (relative to $295.66).
Community estimate of BNB value as of December 31st. Source: Coin Market Cap.
Despite the lack of optimism about the future price, BNB Chain is registering high user activity with 1.27 million active addresses per day, making it the most active blockchain. This is followed by Polygon (MATIC) with 834,000 active addresses and Fantom (FTM) with 457,000 daily active wallets (Nansen data as of Nov. 23).
Meanwhile, BNB technical analysis indicators on the weekly indicators are positive, with the summary pointing to “buy” at level 12, rather than “sell” at level 5 and “neutral” at level 9. Analyzing these indicators more closely, the oscillators suggest a “buy” ” at level 3, while the moving averages are also in the “buy” zone at level 9.
BNB technical analysis summary for one week. Source: Trading View
On the evening of November 23rd, BNB traded at $295.66, posting an impressive 12.62% daily gain. Weekly growth was 9.16%, monthly – 8.53%.
7-day BNB price chart. Source: Finbold
The market capitalization of BNB was $47.29 billion, making it the fourth largest digital asset in this indicator (data from CoinMarketCap).
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