The company has pledged to defend its platform with determination, criticizing the SEC’s regulatory approach as lacking the nuanced understanding required for such a dynamic and complex technology. Binance was sued by the SEC last month, with the regulator accusing the exchange of unlawful securities exchange in a move that sent shockwaves throughout the cryptocurrency space.īinance has denied these allegations, expressing disappointment in the SEC’s decision to abandon a negotiated settlement process and resorting to litigation. The analyst further points out that despite the Binance Coin not generating significant buzz currently, he anticipates a shift in its media attention once it begins its ascension.īNB is the native token of the leading cryptocurrency exchange Binance as well, and is used in a number of promotional offers on the platform. All of this could possibly unfold in the final quarter of 2023. His analysis suggests a potential return of BNB to the $300 price range, and perhaps even an upward surge toward its previous high of just over $340, witnessed in April. Along that same train of thought… and I get they are two completely different cases…īut, I really do believe stacking some $BNB under $250 will pay off and we’ll see a decent squeeze out of this range.
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