BNB Volatility Continues: Bulls Expected to Take Over
The past week has been a rollercoaster ride for Binance Coin (BNB), with its price experiencing wild swings. On January 10, BNB was trading at around $294.13. However, the announcement from Binance that BNB Chain had transitioned to BEP333 on January 11 caused the price to surge to $316.40 on the same day. Despite this initial boost, BNB plummeted to as low as $291 on January 13, as investors reacted to news of funds outflow from Binance. However, BNB managed to regain momentum after HypeGPT and BNB Chain announced their collaboration on January 15. As of January 17, BNB stabilized at around $311.26, marking a 5.82% gain for the week. According to experts, BNB is expected to continue its upward trajectory and close January at $387.42, driven by increased adoption and the recent burning of BNB tokens by Binance.
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