Binance, the world's largest cryptocurrency exchange, announces Launchpool projects from time to time.
At this point, Binance announced its 42nd Launchpool project today.
Looking back, Binance Coin (BNB) experienced increases after Binance's new Launchpool project announcements. This situation did not change today and BNB started to rise after the announcement.
BNB, which has been moving in a certain range for a long time, exceeded $ 300 for the first time since June.
Looking at the BNB chart, BNB rose to $350 in April in 2023 and was last traded at $300 on June 5.
BNB, which dropped to $200 after June due to the lawsuit filed against Binance and the negative events experienced, today exceeded $300 for the first time in 6 months.
Capo of Crypto, which attracted attention with the short positions it opened in BNB and was frequently criticized by investors with its bearish comments, repeated its BNB forecast and said that it expected BNB to reach $ 330.
At this point, the provincial capo stated that he is considering opening a short position in BNB after BNB reaches $ 330. “BNB needs to reach $ 300-330 from now on. Then I will look for signs of decline in LTF to open a short position again.” said.
BNB continues to trade at $292 at the time of writing.
*This is not investment advice.