BNB, a native cryptocurrency of the Binance ecosystem, could soon see a considerable price increase, according to recent predictions. However, experts say that this can only happen if two conditions are met.
BNB Could Soar To $900 This Year — Crypto Analyst
BNB currently sits as the 8th largest cryptocurrency by market cap, with a price of $551 and a market cap of $80.4 billion. According to the analysts, however, the coin has the potential to skyrocket to $900 per coin in the near future.
In order for this to happen, BNB would need to do two things – overcome the falling wedge and breach a historic resistance line. The prediction was made by a crypto analyst Carl Runefelt, who posted it on X under the name The Moon (@TheMoonCarl).
https://x.com/TheMoonCarl/status/1827652964594450619
Runefelt also expressed optimism, as one of the two conditions has nearly been met. Runefelt said, “It’s only a matter of time before we break out of this 1W Falling Wedge!“ After that, however, BNB will still have to deal with a historic resistance formed during the ATH in 2021, and it still held the coin during the price surge earlier in 2024.
If this level is breached, BNB would be free to skyrocket to the price of $900, according to the analyst. For now, however, this remains only speculation, and crypto investors looking for high-potential crypto could choose far less risky options, such as buying one of the cryptos currently in presale — Shiba Shootout (SHIBASHOOT).
JOIN THE SHIBA SHOOTOUT PRESALE BEFORE ITS TOKEN BLOWS UP
What is Shiba Shootout About?
Shiba Shootout is one of the newest meme coins inspired by Shiba Inu, the second-largest meme coin with a market cap of $8.4 billion. However, the project has brought its unique spin to the popular meme coin entity, placing the iconic dog in the Wild West setting.
Furthermore, it also doubles as a GameFi project, since it created a game, Shiba Sharpshooter, which is available on both the Google Play Store and Apple App Store. The game takes place in the Wild West town of Shiba Gulch, and it introduces characters like Marshal Shiba and Shiba Sharpshooters.
In the game, players can engage in duels with other sharpshooters, and whoever wins can earn SHIBASHOOT tokens as a reward, thanks to its use of the P2E model. However, for the time being, the P2E upgrade has yet to come, as it will likely be introduced after the project’s ICO ends and SHIBASHOOT goes live.
BUY SHIBASHOOT WHILE ITS PRICE IS STILL LOW
So far, its ICO has raised over $1.04 million, with more money flowing into the project every day. SHIBASHOOT sells for only $0.02 apiece, and you can buy it with ETH, BNB, USDT, or credit/debit cards. Then, once it launches, it has a strong chance to blow up thanks to its game, its name, and the fact that it combines gaming with memes, the hottest trend of 2024.
