Binance: BNB Price Prediction For Mid-April 2024

Binance’s BNB token has seen steady growth over the last few days. The asset is up by 2.8% in the daily charts, 7.8% in the weekly charts, and 10.6% over the previous month. Moreover, the asset has rallied by 94% since April 2023.

Also Read: How High Binance Coin [BNB] Rise In April 2024?

BNB’s growth over the last few days could be due to Bitcoin (BTC) reclaiming the $70k level. Moreover, BTC will undergo its next halving cycle later this month, which could trigger a market-wide rally. Investors may be stocking up on BNB in anticipation of a bull run.

Mid-April price prediction for Binance’s BNB coin

According to CoinCodex, BNB will continue its bullish trajectory for the next few weeks. The platform anticipates the asset to drop to $613.61 on Apr. 15, 2024. Reaching 613.61 from current levels would translate to a decline of about 0.9%.

BNB is currently down by only 9.8% from its all-time high of $686.31, which it attained in May 2021, almost three years ago.

Despite a bearish prediction for mid-April, CoinCodex anticipates Binance’s BNB to pick up the pace later in the month. The platform predicts BNB to hit a new all-time high of $690.62 on Apr. 28, 2024. Reaching $690.62 from current levels would translate to a growth of about 11.48%.

Changelly also anticipates Binance’s BNB to drop by mid-April, hitting $611.46 on Apr. 15, 2024. However, the platform predicts BNB to hit a new all-time high of $730.32 on Apr. 28, 2024. Reaching $730.32 from current levels would translate to a growth of about 17.89%.

Also Read: Binance Coin (BNB) Price After Bitcoin Halving

The bullish outlook around BNB could be due to Bitcoin’s (BTC) halving later this month. BTC could reclaim its all-time high of $73,737, triggering a market-wide rally.