BNB is the native token of the Binance ecosystem, which has grown exponentially in size over the years. It’s no news that Binance is the largest cryptocurrency exchange in the world, with a trading volume of $13,160,844,561 in the last 24 hours.
Being the largest crypto exchange in the world comes with its perks, one of which includes having an entire ecosystem of functionalities for millions of its users. The network of functionalities Binance offers includes Binance Chain, Binance Smart Chain, Binance Academy, and Trust Wallet, all of which are powered by blockchain technology.
In this article, we’ll dive into experts' opinions on when it's best to buy the BNB token, deducing indicators from its price analysis and fundamental news. We’ll also take a detour to discuss this new hybrid meme coin that investors think will outperform BNB in 2023.
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Should I Buy Binance Coins Now?
Investors are stacking up their liquid cash and getting ready to buy different coins in anticipation of the forthcoming bull run. While this may be an exciting event for many, smart investors are more concerned with whether it’s the right time to buy or if patience will serve them better in times like this.
Later on in this article, we’ll explore experts' opinions on what the future price of BNB will be and when exactly is the best time to get in the game. It is also important to mention that fundamental news has served as a great catalyst in accelerating the BNB token’s price in the past and may still play a great role in the coming bull run.
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Binance Coin Price Prediction For 2023
While most coins are severely bearish across the board, the BNB token has managed to maintain a moderate downtrend as its price has been in consolidation for the past few months. The BNB token has gained over 5% in the last 7 days and dropped more than 18% in the last 30 days.
Experts opinions on the future price of BNB are based strictly on technical analysis, as the price of the token has a track record of responding accurately to technical analysis in the past. The $225 price region seems to be a strong support that has rejected price three times, forming somewhat of a triple bottom structure.
This is a bullish reversal pattern that has the potential to send the token price flying into the $500 price region, but there's a catch. For this to be a surefire price projection, the price of the token has to successfully break through and retest the resistance zone in the $350 price region.
This will be the best and safest time to get into BNB buys, but a more aggressive approach will be to buy at the current price.
On the flip side, failure to break above the resistance level at the $350 price region may cause the price of the token to slump lower, breaking through the present support zone holding the triple bottom structure to form new lows.
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While the prospects of BNB rallying to above $350 looks interesting to some investors, several experts are even banking on a new hybrid memecoin, Pikamoon, to deliver better returns. Let’s look at why investors are going bonkers over this latest rival.
What is Pikamoon?
Pikamoon is a unique GameFi project that is built on two blockchain networks: MultiversX and Ethereum. These two powerhouse blockchain networks have extraordinary features that make Pikamoon an outstanding crypto game and even an excellent investment asset.
MultiversX and Ethereum contribute immensely to the transaction speed in the Pikamoon ecosystem and also to the ease of gaming in the Pikaverse. This is why gamers can perform swift transactions in the Pikamoon in-game marketplace and stream in the Pikaverse all day without experiencing any glitches whatsoever. Pikamoon is still the best GameFi project from both networks to date, and this isn’t hard to see. There’s more.
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It is quite obvious Pikamoon is on his way to stardom, but it’s not only crypto enthusiasts and investors that are taking note of this; big brands from various industries are also watching. Big brands like Transak, Kevuru Games, MultiversX, and many more have caught a whiff of what Pikamoon is up to and are eager to be a part of this greatness.
This is why they’ve all signed long-term partnership deals with Pikamoon, and more are coming onboard by the day. This is the very launchpad that will catapult Pikamoon to unprecedented heights, and investors are betting all they have on it in the ongoing Pikamoon presale.
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Is Now The Best Time To Buy Pikamoon?
It’s time to take charge and turn your financial situation around. Your crypto millionaire dreams can easily be achieved if you make the right decisions at the right time. Investing early in projects with high potential, like Pikamoon, is how to achieve this.
Pikamoon is in the third and last round of its presale, and this is the last chance you have to buy the token at $0.0006, which is the lowest price it will ever be.
Don’t miss out on this life-changing opportunity. Invest in Pikamoon today!
Find out more about Pikamoon (PIKA):
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Buy Now: https://pikamoon.io/buy
Website: https://pikamoon.io
Twitter: https://twitter.com/Pikamooncoin
Telegram: https://t.me/pikamoonofficial
Disclaimer:
The above is a sponsored post, the views expressed are those of the sponsor/author and do not represent the stand and views of Outlook Editorial.
