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Binance Coin (BNB) has gained significant attention recently due to Bhutan’s decision to include it in its strategic reserve alongside Bitcoin and Ethereum. This move aims to enhance cryptocurrency adoption within the country.
Currently, BNB’s price is below $700, trading at $698 after a nearly 2% decline over the past week. The community surrounding BNB is feeling disheartened as the asset struggles to surpass the $800 mark, despite a remarkable 129% increase in price over the past year.
Market sentiment remains positive, with many anticipating a price surge for cryptocurrencies following Donald Trump’s inauguration as President of the United States. His pro-crypto stance has generated excitement within the cryptocurrency community, leading to speculation about potential price increases. Projections indicate that BNB could reach a maximum price of $824 in January, reflecting a 17% rise from its current level. This upward trend is expected to continue into February, with forecasts suggesting a peak price of $891, which would set new highs for the cryptocurrency.