Binance Coin (BNB) and Ethereum (ETH) have their respective runs in 2024. As Ethereum’s principal rivals, it is only bound to happen that Binance Coin (BNB) will rise in valuation anytime the other one does. However, due to their multibillion-dollar market capitalizations, both altcoins’ prospective increases in the next cycle are constrained.
Ethereum (ETH) Soars
Ethereum (ETH) prices have fallen 3% in the previous 24 hours, leading to expectations that the token’s bullish run, which began in late January, may be coming to an end. The reversal came after Ethereum (ETH) retested $3,050 earlier during the week. Ethereum (ETH) tracked back to $2,949 on February 23rd, after briefly exceeding the important $3,000 level for the first time since April 2022 before this week. Bulls generally tire after a protracted rise, and some traders may decide to sell their positions at significant resistance levels.
Binance Coin (BNB) Seeking $400
Binance Coin (BNB) behaved very well during the previous week, despite a downturn in the stronger crypto market. As of February 23rd, BNB coin is trading at $375.89, up 6% in the last week, with a market value of $56 billion. Binance Coin’s current revival has been fueled by active users every day over the last four years. BNB coin is in an upturn period, preparing for the next step up above $400.
Release: The purpose of this content is only to provide knowledge. Readers have to do their own research before making investment decisions.
