The cryptocurrency market was on the down low today. Several assets, including Binance Coin (BNB), were painted red. The world’s largest cryptocurrency, Bitcoin (BTC), dipped below the $100,000 mark. As these coins lost major gains over the past day, BNB was navigating its path towards recovery. The real question is if the altcoin can catch the bullish wagon again and surge to a high of $750 over the next couple of days.
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Binance Coin Reclaims $700
Source: CoinMarketCap
The native cryptocurrency of the prominent exchange Binance has witnessed a significant year. The asset surged by nearly 200% over the last 12 months. BNB recorded multiple peaks during this time. The altcoin hit an all-time high of $793.35 earlier this month. Binance Coin is trading 11% below this high.
At press time, BNB was trading at $701.73 after dropping by 2% over the past 24 hours. The asset went from trading at a high of $718 to a low of $672. Despite this correction, BNB has managed to recover quite swiftly. This further paves the way for a potential uptick over the weekend.
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Weekend Price Prediction
Source: CoinCodex
The community is expecting Binance Coin to reach the $800 mark before the end of the year. During the weekend, the asset is all set to surge beyond $700. According to data from CoinCodex, the cryptocurrency is expected to trade at a high of $721.23 on December 21. This translates to a 2.69% rise from its current price level.
In addition, during the final month of 2024, it is expected to trade at a high of $827.94. It looks like the community has to wait longer in order to see BNB surge to this peak. This marks a 17.84% spike from Binance Coin’s present price.
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