Binance (BNB-USD) is the talk of the crypto-verse on Wednesday, as traders react to the departure of the exchange’s founder and CEO Changpeng Zhao, who is now dealing with a hefty $4.3 billion penalty from U.S. regulators over alleged anti-money-laundering violations. Sources claim the crypto firm took in more than $10 billion in illegal payments back in 2022. Even so, an admission of guilt by the CEO, but he remains the majority stakeholder.
Now the big question for traders is: How will all of this affect BNB’s bottom line? Let’s take a look at the latest projection.
- CryptoNewZ forecast that the token will be trading between $632 and $645 by 2024.
- Digital Coin Price predicted an average price of $556.87 for BNB coming into 2024.
- Coin Price Forecast was less favorable and anticipate Binance end of 2024 rate price to sit around $234.
For confirmation, BNB opened around $232.09 on Wednesday, but has since slouched 7.6% in midday trading. For traders looking to pick up some hot tips, we have scoured for the latest news characteristics trending in the crypto sphere, such as predictions on cryptos that have the strongest potential in the last stretch of bull business.
Minimum knowledge we suggest to get before investing:
- 7 Cryptos That are Better Than Bitcoin
- 3 Cryptocurrencies With the Largest Price Increase in 2024
- 3 Stocks Traders Should Keep On Their Radar During the Latest Crypto Rally
To recap what has been discussed, no positions of the securities were/are held by the author on the date of publication. Comments expressed here reflect that of the author and do not exceed published InvestorPlace.com publishing guidelines.
