Binance Coin Price Prediction: BNB on the Brink! 50% crash threatened, top trader warns: “Avoid like the plague”

Fears that major crypto exchange Binance could go bankrupt are also putting pressure on Binance Coin (BNB). A top trader therefore expects a crash of at least 50%, emphasizing: The uptrend of BNB is now over. What should investors expect?

Binance Coin: Is the 50% Crash Coming?

Among the top 10 coins, Binance Coin (BNB) and Cardano (ADA) have been the hardest hit over the past week, both facing double-digit percentage losses, falling harder than any other large-scale asset. capitalization.

While Cardano leads the losses, down almost -14% over the week, Binance Coin (BNB) is close behind, down -12.3% over the last 7 days. However, this may soon change because: Binance Coin (BNB) is also under pressure, the outlook is bleak.

BNB daily chart. Picture: Coinmarketcap.com

Background: Stock market bankruptcy rumors just don’t want to be silenced. Founder and CEO Changpeng “CZ” Zhao has been reassuring for some time, describing all claims as “FUD”, i.e. “Fear, uncertainty and doubt” – i.e. doubts, unjustified fears and worries. Apparently, however, more and more cracks are appearing in the facade – and that’s making investors sit up and take notice.

Popular industry watcher Mike Alfred, for example, writes to his more than 123,000 Twitter followers:

“Blockfi, Celsius, Terra Luna, Voyager, FTX and Alameda were just the tip of the iceberg.

Tether and Binance are the iceberg.

Let the alarm ring. It is not an exercise. »

Alfred is not alone in his warning. Many industry watchers have been suspicious of the numerous bankruptcies of crypto companies over the past few weeks. Binance is now feeling the effects – and the crypto exchange’s native token, Binance Coin (BNB). Pseudonymous top trader Smart Contracter even assumes that Binance Coin will only go down from here.

So he warns his 216,000+ followers: BNB’s five-year uptrend is over – now the cryptocurrency is facing a correction that will drive the price down by at least 50%. BNB could be up to $80 Evaluation after the fall. The analyst:

“I think the 5-year uptrend of BNB/BTC has ended at least 40-50% from here.”

To be honest, he doesn’t even know exactly where this drives the price of BNB. But here is his advice:

“I’ll avoid this room like the plague around here.”

The charting guru even draws comparisons to Terra LUNA’s total crash, sees Binance Coin in similar territory. So he only wishes “Good Luck” to all BNB holders. Does the piece crash as hard as Terra LUNA, does it crash completely?

That remains to be seen. But one thing is certain: if it turns out that Binance also got into trouble and lied about it, the crypto markets are at risk of a crash of unprecedented magnitude. On the other hand, Binance Coin (BNB) could also experience a short-term rally if Binance finally manages to dispel the doubts.

New Bullish Presale: Move-2-Earn-Coin FightOut (FGHT) Starts Strong

As the situation around Binance continues to evolve, the new cryptocurrency FightOut (FGHT) has been able to perform strongly even in the current bear market: the project has already raised over $2 million of capital from investors in the current pre-sale, thus illustrates the interest of the corresponding assets.

The concept has it all: FightOut wants to connect the “analog” fitness world to the digital age, and is developing a corresponding ecosystem for this – including a Web3 app and associated fitness studios! The first FightOut Fitness Studios are expected to be operational by the end of 2023. This goal is to be achieved, among other things, with an ambitious capital acquisition of up to $100 million.

In short: FightOut is an application, a chain of fitness studios and a Web3 ecosystem and wants to disrupt one of the most valuable growth sectors in the world with this triad. The health and fitness industry is estimated to be worth $96 billion in 2022 – and FightOut wants to prepare it for a new century. The predictions are sure: FightOut could be the cryptocurrency with the greatest potential for 2023!

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