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The post BNB Price Prediction For March 2024: Analysts Predict Algotech Will Hit $1 Before BNB Makes All-Time High appeared first on Coinpedia Fintech News
Binance coin (BNB) has displayed a massive uptrend despite high market volatility and regulatory scrutiny in recent weeks. With a rise in capital inflow, the token continues to pave its path to rising above its all-time high of $686.3.
Binance continues to stand out as a significant project in the DeFi space, and it is distinguished by its strategic initiatives and developments. The recent launch of PORTAL and Ether.Fi on the Binance Launchpool and the announcement of the “BEP 336 upgrade” indicate a potential trigger for increased trader interest and investment inflows toward the project.
Massive Uptrend is Expected for BNB in March – Price Projection
BNB has experienced a massive price surge of over 86% this month. With a clear break above the $326 price level, the price of BNB showed a meteoric rise, hovering at $610 by the second week of March. The token has shown an impressive 6% growth on the intraday chart while rising by 40% within a week.
Technical analysis indicates that the price is currently trading over $610, and the MACD shows a constant green BNB histogram. Immediate resistance is located around $625, followed by the crucial $635 resistance mark. If there is a decisive advance over the $635 zone, the face value of BNB might reach $700 by the end of March.
Comparing Algotech vs BNB
While BNB is set to achieve an all-time high by the end of March, potential downsides, such as regulatory pressures and delistings, are driving investors speculative. This can impact the token’s pace by slowing it down towards a new ATH.
Algotech’s phenomenal tokenomics are a key factor in making it a better choice than
BNB. The project is expected to include a suite of cutting-edge trading features, including breakout trading, hedging, and arbitrage identification.
Given the outstanding growth of the project in 2024, the project is expected to grow significantly beyond its current presale price of $0.06 to $1 before it gets listed on major exchanges.
Analysts Favor Algotech After $2.1 Million Raised in Public Presale
Though BNB seems a great investment opportunity, analysts believe Algotech has more potential for massive gains. Following the successful public presale of $2.1 million, Algotech (ALGT) has been positively received by the crypto community. It has appeared as a promising investment opportunity with its deflationary tokenomics.
For crypto enthusiasts and DeFi investors, Algotech (ALGT) is the project that offers the
most exciting growth prospects. The innovative technology and cutting-edge use cases will
continue to become more relevant as demand for advanced trading tools increases.
Algotech has sold over 45 Million ALGT tokens within two weeks, reaching 5,000 unique holders. Its price is predicted to reach an all-time high of $1, indicating a significant rise of 300% ROI for early investors.
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