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Cryptocurrency News Articles
BNB Price Sees 21% Dip, Awaits Bullish Comeback in 2025
Nov 08, 2024 at 12:14 pm
The BNB price journey this year has been one for the books. Since January, it has climbed an impressive 139%, bouncing back from a bear market slump that kept its value in the $200–$300 range.
Despite Bitcoin’s surge to an all-time high, kicking off the market’s bull phase, not all DeFi coins are following suit. BNB Coin’s price has dipped by 21% from its recent peak, and ChainLink, renowned for its practical applications, is facing potential setbacks.
However, this market dynamic has opened the door for promising DeFi projects like BlockDAG to shine. With its presale raising over $115 million and the BDAG coin price skyrocketing by 2100%, BlockDAG is grabbing the spotlight.
To celebrate the bull run and offer early access to BlockDAG, the BULLRUN100 bonus code is now available. This code ensures holders will receive BDAG coins first in airdrops, giving them a head start to trade before others. But this exclusive opportunity is time-sensitive, so act quickly to secure these benefits.
Here’s a closer look at BNB Coin, ChainLink, and BlockDAG’s recent performance:
BNB Coin (BNB) Price Analysis: A 21% Dip Awaits Bullish Comeback in 2025
BNB Coin’s 2023 price journey has been impressive, especially compared to last year. From January 1, BNB has climbed by 139%, starting the year at $242 and now trading at $562. In 2022, BNB faced resistance at the $300 price level throughout the bear market, which it finally managed to break out of in 2023.
However, BNB reached a recent all-time high of $717 just five months ago. From that peak, the BNB price has indeed corrected by 21%, cooling off from the rapid surge. But several analysts expect BNB to make a bullish comeback in 2025 as Bitcoin’s market dominance is expected to decrease.
ChainLink (LINK) Analysis: Will LINK Bounce Back to $20?
Unlike meme coins, which are largely driven by market hype, ChainLink focuses on real-world utility. However, this shift in market attention has left LINK behind. A recent ChainLink price analysis indicates that the token could be headed for further trouble, currently trading at yearly lows around $9.
This concern arises mainly due to LINK’s ongoing slide, which includes a 50-month low against Bitcoin. However, others see a different picture. ChainLink’s strength lies in its ability to connect blockchains for reliable data, which could drive a comeback.
With Tron’s layer-1 blockchain announcing a fresh partnership with ChainLink, LINK may have a shot at recovering value, possibly pushing it back toward the $20 range.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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