On Thursday (1 December 2022), prominent crypto analyst Michaël van de Poppe shared his thoughts on the price action of BNB, “the cryptocurrency coin that powers the BNB Chain ecosystem.”
According to Binance, $BNB can be used to “pay for goods and services, settle transaction fees on Binance Smart Chain, participate in exclusive token sales and more.”
According to a report by The Daily Hodl, Van de Poppe, who is the Founder and CEO of Amsterdam-based consultancy and educational platform Eight BV, talked about $BNB during a a video (“Top 3 Altcoins for December”) update released on 1 December 2022:
“I think that once Binance [Coin] is going to crack through the level at $325, it’s going to give another push towards the highs. And then we’re going to have a runner to watch... $380, and potentially even the highs around $450.”
According to data by TradingView, currently (as of 11:33 a.m. UTC on 2 December 2022), $BNB is trading around $291.80.
His other two altcoin picks for December 2022 were $MATIC and $LINK:
“Once we are breaking these highs [around $0.93], it’s going to accelerate towards this region [$0.95] and then you can start looking at a serious runner of approximately 35% of MATIC...
“Once it starts to hold here, it’s a reasonable thought that we’re going to look at $8.50 to $9.50 as the next resistance zones... And that we can start seeing the continuation towards the breakout above this range high [about $9.30] and then we are looking at $15 potentially.“