Potential price increase of BNB coin in next 2024 cycle

[MrSpasybo]

Binance just went through a big storm when it lost both money and human:
+ $4.3B is a very large amount of money, although I believe that Binance has enough financial resources to pay it. However, without this amount of more than $4B, Binance's market development and promotion plan will be delayed and the market will be taken over by other CEXs;
+ CZ is no longer the CEO of Binance, this is a loss in management and communication. In my opinion, CZ is as important to Binance as ElonMusk is to Tesla.

(Source: Binance to Pay $4.3B to Settle U.S. Criminal Case; Changpeng 'CZ' Zhao Resigns as CEO and Pleads Guilty in Seattle)

During the crypto winter, BNB coin only decreased by 71%, being one of the tokens that kept its price best, better than BTC (down 78%) and ETH (down 82%). The recent event has slowed down the price recovery of BNB, BNB only increased 25% from the bottom, while BTC increased 186% and ETH increased 172%.

I believe that BNB coin is the native coin of the BNB chain, not only related to Binance CEX, but negative events with Binance will also affect the BNB chain in general and BNB coin in particular. Many BNB holders had to choose to exit their positions to ETH or SOL, which was a loss for the BNB chain.

Do you still believe in the price increase potential of BNB coin in the 2024 cycle? Can BNB coin continue to reach new peaks and have an impressive bullrun like 2020-2021?

[sampoerna]

During the crypto winter, BNB coin only decreased by 71%, being one of the tokens that kept its price best, better than BTC (down 78%) and ETH (down 82%). The recent event has slowed down the price recovery of BNB, BNB only increased 25% from the bottom, while BTC increased 186% and ETH increased 172%.

It is normal if there is a huge decrease during the bearish season. Some coins even dropped more than 80%, the price looks like free fall massively. Many FUDs was also contributed on the huge decrease, many people panic and they sold their coins. With the massive exit (selling coins), the supplies on the market will increase significantly. This leads to the big decrease of crypto prices. However, I believe there will be masive increases in the upcoming bullrun season.

Do you still believe in the price increase potential of BNB coin in the 2024 cycle? Can BNB coin continue to reach new peaks and have an impressive bullrun like 2020-2021?

Indeed. I always believe in BNB potential future. I'm sure the case of Binance with SEC will be over soon. The price of BNB will skyrocket gain whenever the problem is solved already. Moreover, if there is good news related to the development progress of Binance. The price of BNB will git a new ATH in the altcoins season.

[MrSpasybo]

Indeed. I always believe in BNB potential future. I'm sure the case of Binance with SEC will be over soon. The price of BNB will skyrocket gain whenever the problem is solved already. Moreover, if there is good news related to the development progress of Binance. The price of BNB will git a new ATH in the altcoins season.

I also look forward to the return of BNB coin, and subsequently the entire BNB blockchain ecosystem. BNB chain with low fees, high speed and development support from Binance ecosystem fund has become an important part of this market, especially leading new trends for each bullrun. It would be a shame if we lost good projects as Pancake, TrustWallet, Dodo...

[Freemind]

It is true that Binance has been greatly affected by the fine (that amount of money seems exaggerated to me) that they have to pay, but I also know that CZ knows very well what he is doing and that all the steps are planned. BNB and its ecosystem still have a lot to say in the industry, and next 2024 we will see greater use of that ecosystem and all the tools it offers, in addition to seeing many more projects based on the Binance chain.

[MrSpasybo]

It is true that Binance has been greatly affected by the fine (that amount of money seems exaggerated to me) that they have to pay, but I also know that CZ knows very well what he is doing and that all the steps are planned. BNB and its ecosystem still have a lot to say in the industry, and next 2024 we will see greater use of that ecosystem and all the tools it offers, in addition to seeing many more projects based on the Binance chain.

Yeah, BNB chain has a lot of high quality projects with active users, instead of projects that I can't understand in Solana ecosystem. CZ is really smart, I believe he has prepared all the plans for Binance after the recent lawsuit and fine payment.

Honestly, I want to see Binance grow strongly in 2024-2025 to let the US Department of Justice understand that this crypto market is not under their control. They can attack exchanges within the US, they cannot touch the global market.

[yohananaomi]

I think with the case that has happened with Binane, where BNB was affected by experiencing quite a surprising correction, but now it is moving again to continue to rise by closing the end of the year at a price of $316, of course it is enough to provide something very positive for BNB to prepare for next year. 2024 will go through the halving era. I hope that BNB will improve again at least it can return to 2021, and it is not impossible that it will be able to do more than that in 2025. because BNB is still a coin that is reliable enough to be used as a promising investment and is still the target of many investors.

[Freemind]

Yeah, BNB chain has a lot of high quality projects with active users, instead of projects that I can't understand in Solana ecosystem. CZ is really smart, I believe he has prepared all the plans for Binance after the recent lawsuit and fine payment.

Honestly, I want to see Binance grow strongly in 2024-2025 to let the US Department of Justice understand that this crypto market is not under their control. They can attack exchanges within the US, they cannot touch the global market.

The US Department of Justice knows it can't touch the global market, so it "tries to disrupt" its local market, like when a child cries for no reason. The fact that CZ is no longer CEO of Binance not only demonstrates his intelligence and commitment, it also demonstrates that the steps Binance follows are well defined, and that can only translate into greater use of the ecosystem.

[bayu7adi]

Honestly, I want to see Binance grow strongly in 2024-2025 to let the US Department of Justice understand that this crypto market is not under their control. They can attack exchanges within the US, they cannot touch the global market.

There will always be possibilities, even though CZ officially stepped down, I still think he's behind Binance's big plans right now. Binance is really strong, and its progress is always dynamic, meaning the Binance platform is truly active and continues to gain trust from many global crypto users.

The recent SEC attack doesn't seem to have put BNB in a bearish market. It was just a small correction, and the price went back to normal. This reflects that Binance's approach to global regulations remains compliant with applicable legal procedures. There's no resistance from CZ, so users don't lose trust in him.

I feel like CZ's prominent name hasn't been completely erased by the SEC. Therefore, I'm also waiting for the moment when Binance can no longer be disturbed by the SEC.

[ajiz138]

The recent SEC attack doesn't seem to have put BNB in a bearish market. It was just a small correction, and the price went back to normal. This reflects that Binance's approach to global regulations remains compliant with applicable legal procedures. There's no resistance from CZ, so users don't lose trust in him.

I feel like CZ's prominent name hasn't been completely erased by the SEC. Therefore, I'm also waiting for the moment when Binance can no longer be disturbed by the SEC.

BNB had dropped to a price of $206 after the SEC attack on Binance and its founders, but at that time the price of bitcoin was still low at around $26K, now it has recovered and is back to around $300 plus, meaning the pump is now having an impact on all coins, especially BNB.

When it comes to Binance global, there really isn't a problem with any regulations, except Binance US which is always attacked by the SEC because it is the SEC's authority to adjudicate it, so it is impossible for the SEC to disturb Binance global because it has no authority, even if there is a problem with Binance US, the SEC will always act.

Like Binance US who claimed CZ facilitated money laundering, they were prosecuted.

[alltalk]

BNB had dropped to a price of $206 after the SEC attack on Binance and its founders, but at that time the price of bitcoin was still low at around $26K, now it has recovered and is back to around $300 plus, meaning the pump is now having an impact on all coins, especially BNB.

After the drop, BNB has increased quite a lot and the current price is $313. The hype of bullish season probably brings the impact to the raise of BNB price. Another reason, people also still believe in Binance exchange because CZ gives a proper solution by pointing Richard Teng as a new CEO. Richard Teng seems quite successful to ensure everyone about the future of Binance exchange.

When it comes to Binance global, there really isn't a problem with any regulations, except Binance US which is always attacked by the SEC because it is the SEC's authority to adjudicate it, so it is impossible for the SEC to disturb Binance global because it has no authority, even if there is a problem with Binance US, the SEC will always act.

Of course, there is no problem with Binance global although it is also influenced by the case of Binance US. However, CZ already solved the case, there is no reason to feel worried anymore. Although CZ is no longer to be the CEO of Binance, it doesn't mean he lost his power to manage Binance. He is quite smart to deal with the situation, he only sacrificed his position as the CEO.

[armanda90]

BNB had dropped to a price of $206 after the SEC attack on Binance and its founders, but at that time the price of bitcoin was still low at around $26K, now it has recovered and is back to around $300 plus, meaning the pump is now having an impact on all coins, especially BNB.

When it comes to Binance global, there really isn't a problem with any regulations, except Binance US which is always attacked by the SEC because it is the SEC's authority to adjudicate it, so it is impossible for the SEC to disturb Binance global because it has no authority, even if there is a problem with Binance US, the SEC will always act.

Like Binance US who claimed CZ facilitated money laundering, they were prosecuted.

During SEC attack I have invested with Binance since price above $300 and waiting more than six months later for BNB return to the higher price, I am still remember how crucial effect with SEC attack and CZ have leaves his Binance CEO position. Slowly BNB success recovery back to higher price due they have new launchpool and make BNB from lower price around $210 success return back above $300 and get potential if have many new launchpool open in Binance every month potential to make BNB get back the higher price.
Current BNB price excited for short term trading, every day get potential move up and down around $10 due lowest price around 24 hours under $307 and right now BNB raise up to $315.

[MrSpasybo]

During SEC attack I have invested with Binance since price above $300 and waiting more than six months later for BNB return to the higher price, I am still remember how crucial effect with SEC attack and CZ have leaves his Binance CEO position. Slowly BNB success recovery back to higher price due they have new launchpool and make BNB from lower price around $210 success return back above $300 and get potential if have many new launchpool open in Binance every month potential to make BNB get back the higher price.
Current BNB price excited for short term trading, every day get potential move up and down around $10 due lowest price around 24 hours under $307 and right now BNB raise up to $315.

Binance has returned with Launchpad and Launchpool for new projects, I believe that Binance's position in the market is still guaranteed thanks to the events and contributions to the overall development of the crypto market. BNB price is also very well supported, and we have seen it return above $300, a significant recovery from $200 zone.

BTC halving is approaching, I believe that Binance also does not want to rest and BNB token does not want to be left behind by ETH, SOL or ADA 💪

[ajiz138]

After the drop, BNB has increased quite a lot and the current price is $313. The hype of bullish season probably brings the impact to the raise of BNB price. Another reason, people also still believe in Binance exchange because CZ gives a proper solution by pointing Richard Teng as a new CEO. Richard Teng seems quite successful to ensure everyone about the future of Binance exchange.

Yes, it can be said that the BNB price is now quite solid because it remains at $ 300 + the impact of the bullish season has begun to feel how the market situation has increased, then added Binance exchange always launches the launchpool that makes the BNB price stay in the $ 300 range.
With the arrival of the new CEO he knows what is needed so that is good enough in this solution.

Of course, there is no problem with Binance global although it is also influenced by the case of Binance US. However, CZ already solved the case, there is no reason to feel worried anymore. Although CZ is no longer to be the CEO of Binance, it doesn't mean he lost his power to manage Binance. He is quite smart to deal with the situation, he only sacrificed his position as the CEO.

It can be said that CZ will work behind the scenes he will probably continue to observe Binance that was built from scratch even though he is no longer the CEO.

[Stompix]

Although CZ is no longer to be the CEO of Binance, it doesn't mean he lost his power to manage Binance. He is quite smart to deal with the situation, he only sacrificed his position as the CEO.

Seems like he is ready to sacrifice Binance just to get out of the US:

Judge refused to let Binance founder Zhao travel to UAE despite his offer to use equity as security

A federal judge last month rejected a request by Binance founder Changpeng “CZ” Zhao to travel to his home in the United Arab Emirates for the “hospitalization and surgery” of a person in his life even though he offered to post his Binance equity as security for his return to the U.S., a new court filing reveals.
The equity was worth $4.5 billion, based on Binance’s last round of fundraising two years ago, Zhao’s lawyers noted in their Dec. 22 letter to Judge Richard Jones, according to a filing Wednesday.

Remember this is the guy that fled HK, Singapore, Japan, Malta all the while saying everything is #SAFU while running away not looking back.
Well, this time there is no running!

I believe that Binance's position in the market is still guaranteed thanks to the events and contributions to the overall development of the crypto market.

Visa canceled their partnership, the cards are dead, Mastercard said FU, they have no payment processor in whole of EU, they've lost licenses in Canada, Australia Singapore, UK and many others and they can't patch a thing since every major bank and processor is avoiding them, I wonder how much that guarantee is worth, one might find out there is nobody offering you a refund once you truly need it!

[lepbagong]

Of course, there is no problem with Binance global although it is also influenced by the case of Binance US. However, CZ already solved the case, there is no reason to feel worried anymore. Although CZ is no longer to be the CEO of Binance, it doesn't mean he lost his power to manage Binance. He is quite smart to deal with the situation, he only sacrificed his position as the CEO.

It can be said that CZ will work behind the scenes he will probably continue to observe Binance that was built from scratch even though he is no longer the CEO.

By recognising money laundering in America, of course the main effect is in America itself. What you say is real; it will clearly not affect Binance globally.Although CZ, the founder and CEO of Binance, finally announced his resignation, that would not affect him or Binance's ability to continue to face this situation.CZ will still be able to control the binance that has been led so far and will not release it because he knows the impact that will occur if he does not play a role there.