Binance Founder Changpeng Zhao Lauds Major Listing, BNB Price To Hit $800?

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As a seasoned crypto investor with a decade of experience navigating market highs and lows, I find Changpeng Zhao’s recent comments about BNB both intriguing and reassuring. The listing on Revolut, a leading European exchange, is indeed a significant step for BNB, reflecting growing institutional acceptance of the token.

As an analyst, I’m sharing my perspective on the latest statement from Binance founder Changpeng Zhao (CZ). He’s expressed enthusiasm about BNB’s listing on a significant cryptocurrency exchange. However, it’s worth noting that today, BNB’s price has experienced a substantial drop, mirroring the wider selloff in the crypto market. Nevertheless, CZ’s recent show of confidence in BNB has added to the anticipation that the crypto could surge to an impressive $800 in the future.

Binance Founder Changpeng Zhao Lauds Major BNB Listing

In a recent X post, Binance founder Changpeng Zhao lauded the BNB listing on the Revolut exchange. Notably, this comment comes as the asset has faced a significant drop amid a broader crypto market crash. Yet, CZ’s comment has sparked optimism among investors towards the asset’s future trajectory. He stated,

I’ve just discovered that Revolut has added BNB to its listings, something I wasn’t aware of until a short while ago. It seems the community is expanding in response.

The listing indicates an increasing institutional approval for BNB, possibly paving the way for its price rise again. A user mentioned that Binance now allows cryptocurrency transactions through Revolut Pay, to which Changpeng Zhao reacted with astonishment, expressing his unawareness but also highlighting the expanding network of financial systems facilitating Binance.

This entry signifies a significant move for BNB, underscoring its value and allure. By teaming up with Revolut, a globally recognized platform, the token could garner more interest from investors, potentially leading to increased usage rates and potentially elevating its price trend. It’s worth noting that Revolut Exchange is one of the most prominent exchanges in Europe, boasting approximately 40 million users worldwide.

BNB Price To Hit $800?

Today’s Binance Coin (BNB) price dropped by over 9%, reaching $638 per coin. The trading volume increased by 5% to a substantial $2.94 billion. While this suggests a potential rise for the asset, as its Relative Strength Index (RSI) is at 39, there’s an indication of an upcoming rally. However, it’s important to note that according to CoinGlass data, the future open interest fell by 5% due to a pessimistic mood prevalent in the broader cryptocurrency market.

Currently, Binance’s founder is feeling optimistic, and a recent analysis of BNB’s price suggests it might be preparing for an upcoming surge in the near future. Notably, if BNB reaches a significant point of $886, it could potentially continue climbing up to around $1,036. This prediction has added to the growing optimism following Changpeng Zhao’s comment about the asset being listed.

Currently, there’s a sense that the broader market will experience another surge. It’s worth noting that the cryptocurrency market has been performing exceptionally well lately, particularly following Donald Trump’s election victory. Even after some recent setbacks, experts remain optimistic about the token’s long-term path, predicting it could reach $800 in the near future.

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2024-12-20 13:53