Sunday, 14 July 2024

Crypto News

Binance Coin (BNB) price prediction amid regulatory handles and emergence of Pullix Exchange

Binance Coin (BNB) price prediction amid regulatory handles and emergence of Pullix Exchange

  • Biannce Coin (BNB) price has soared by 7% in the last seven days recovering from its recent drop.
  • However, BNB price prediction suggests potential highs of $480 in 2024.
  • Pullix emerges as a hybrid DeFi protocol bridging decentralized and centralized exchanges.

From regulatory hurdles facing Binance to price movements of the Binance Chain’s native token Binance Coin (BNB) and the emergence of Pullix, the crypto community is witnessing a dynamic interplay of factors shaping the industry’s future.

In this news article, we delve into recent BNB price movements, future BNB price predictions, and explore the innovative features of Pullix and its native token, PLX.

BNB price surge and influencing factors

Binance Coin (BNB), the native cryptocurrency of the world’s largest exchange, Binance, has experienced a series of noteworthy price movements. In 2021, BNB soared from $40 to a high of $690, only to face a subsequent decline.

While the decline in BNB’s value can be partly attributed to Binance’s turmoil with the US regulatory authorities and other regulatory authorities around the world, the token has shown some resilience in the past few days registering a significant bullish trend. In the past 7 days, the token has gained 7% pointing to a possible long-term surge.

The most recent regulatory handle was the temporary halt in the Netherlands. However, Binance expressed its commitment to collaborating with Dutch regulators, signaling its dedication to compliance. The interplay between regulatory dynamics and Binance’s response will be a pivotal factor influencing BNB’s price trajectory in 2024.

BNB price prediction

Anton Kharitonov, an analyst at Traders Union, projects a potential high of $480 for BNB by the end of 2024.

However, the outcome hinges on Binance’s ability to work with global regulators successfully. The ongoing case against the SEC and relationships with governments worldwide pose uncertainties. If regulatory agreements are reached, BNB may experience a recovery. Conversely, failure to secure agreements could lead to trading halts in multiple countries, potentially resulting in a minimum price of $250 and an average of $365.

Pullix Exchange: bridging decentralization and centralization

Amidst the challenges facing Binance, currently the largest cryptocurrency exchange by trading volume, a new hybrid exchange…

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