BNB Price Prediction: Binance Founder Sparks Optimism for $800 Rally

Binance founder CZ just announced that Binance Coin (BNB) is listed on Revolut, a big deal for the cryptocurrency.

Written by: Arslan Butt • Friday, December 20, 2024 • 1 min read

Last updated: Friday, December 20, 2024

Binance founder CZ just announced that Binance Coin (BNB) is listed on Revolut, a big deal for the cryptocurrency.

This is during a 9% drop in BNB price during the crypto selloff. CZ’s comments has boosted investor confidence in BNB’s future. As BNB gets more institutional adoption.

Revolut, a leading European exchange with 40 million+ users globally, now supports BNB. Another big step in the adoption process. CZ posted on X, “Just learned: Revolut listed $BNB. I didn’t know about it until a few minutes ago. The community is growing.” The listing proves BNB’s utility and appeal.

The community is growing.” The listing underscores BNB’s utility and appeal, potentially attracting new investors and enhancing its global presence.

BNB/USD

Market Trends Point to BNB Recovery Potential

BNB is at $638. Trading volume is up 5% to $2.94B. RSI is 39. Oversold. Analysts say the key resistance is at $886. If it breaks above that, it could go to $1036.

CoinGlass shows 5% decrease in open interest. But long term investors are not deterred. They think BNB can go to $800 in the near term as institutional adoption increases.

Broader Market Sentiment Remains Positive

Despite recent setbacks, the broader crypto market has shown resilience, with a robust rally in recent months. BNB’s listing on Revolut aligns with this trend, further solidifying its position as a leading cryptocurrency. Analysts believe the token’s utility and growing adoption across platforms could drive sustained upward momentum, especially as Binance continues to expand its reach.