Binance Coin is seeing a bullish rebound igniting hopes for a $350 target this month.
BNB’s growth comes amid bullish trends within its underlying exchange.
Binance Coin (BNB), the native cryptocurrency of the Binance exchange, is currently experiencing a rebound, with speculation swirling around the possibility of the coin reaching the $350 mark by the end of January.
BNB’s Recent Performance and Market Trends
Following the departure of Binance founder and former CEO, Changpeng ‘CZ’ Zhao, BNB experienced a noticeable price drop to a low of $204. Nevertheless, recent market trends indicate a rebound, with BNB currently trading at $319.19, after printing a 0.16% increase in the past 24 hours.
Binance Coin’s market cap has also recorded a complementary rebound, standing at $48.3 billion, alongside a trading volume of $1.3 billion. Against the backdrop of a predominantly red crypto market, attention turns to predicting BNB’s trajectory for January 2024.
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