BNB, a cryptocurrency created by Exchange Binance, did not stop the upward rally, earning a new historic maximum (ATH) of $942 today, September 13th.
When this article was published, BNB Smart Chain Network’s Native Cryptocurrency Negotiated for $941As observed in the following graphics provided in the training view:
One of the reasons behind this A good BNB performance is the announcement of the alliance between Binance and Franklin Templetona financial giant who manages $1.6 billion.
The agreement seeks to create an investment product that combines the benefits of cryptocurrency (transness and low cost) with traditional financial strength.
As reported by Criptonoticias, remember that Franklin Templeton already has experience in this niche in this market.
On the other hand, we should not lose sight of the fact that the majority of the digital asset market is green. The US Federal Reserve will cut interest rates on September 17th.
There is a market plan where the creatures that Jerome Powell-mainly sided will reduce at least 25 base points, in the range of 4-4.25%. If this occurs, it will be very advantageous for risky assets such as cryptocurrencies. This is because rate reductions reduce loan costs, and therefore there is more liquidity in the system.
In this context, investors usually place a portion of their holdings on this type of assets to try to earn greater returns despite the fluctuations they present.
This background causes BNB to look at the following goals: Over $1,000. This level is a psychological resistance that focuses high expectations among investors, as it is a round number.
As prices approach the area, they could become an area for profits that could stop the uprising rally. This is because the BNB has passed through unopened regions and there is no resistance or previous support to act as a reference.
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