The cryptocurrency sector is finally making some recovery after a crisis induced by the collapse of the crypto trading platform FTX, as does Binance Coin (BNB), the decentralized finance (DeFi) token powering the BNB Chain ecosystem, which has recorded gains on all of its charts.
However, such results are yet to incite much confidence from the crypto community at CoinMarketCap, which has estimated that BNB would trade at the price of $289.4 by the end of the year, according to the data retrieved on November 23.
Should the community’s estimates, which are the result of 768 votes cast by press time, prove correct, it would mean that, on December 31, 2022, BNB would be changing hands at the price that is lower by $6.2601 or -2.12% compared to its current price of $295.66.
(by Ana Nicenko)
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