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Bitcoin price’s reclaiming of the record region has sparked a delayed rise in BNB and SOL Coin, which seems to be hinting at much larger peaks ahead. If the Bitcoin price manages to remain strong, how high can these two major cryptocurrencies go? Let’s now take a look at the current price situation.
BNB Coin Price Prediction
Supported by Binance, which is still the largest cryptocurrency exchange by trading volume, BNB Coin continues the day with a 17% increase at $628. We had been talking about a long-term uptrend for a while, but no one could have predicted a 110% increase in 42 days.
BNB Coin price has been increasing since the end of last year when a settlement was reached between the exchange and the US. If the price continues to close above $562, it could soon lead to testing the ATH level of $678.
However, everyone is considering the possibility of Bitcoin experiencing losses up to 30% due to surprise high-volume sales. The demand in ETFs and futures markets is strong for now, but once it normalizes (be it days or months later), we should expect declines at a similar pace to the recent rises.
For BNB Coin, optimistic scenarios with closures above $678 could set the stage for a historic rally that could continue up to $800 or even $1000. However, closures below $562 could bring a gradual decline to $360.
SOL Coin Price Prediction
After much anticipation, SOL Coin has finally surpassed the key price region and is now heading towards the target we have been highlighting. We had written that closures above $157-158 could initiate a new move to $178 and $205. Now, SOL Coin is fighting to reach $178.
If the momentum continues and the demand on the Bitcoin front remains strong, we can say SOL Coin is ready for a new ATH above $260. However, as mentioned in the BNB Coin prediction, overly inflated metrics suggest that this abnormal period could eventually balance out according to historical data. If this happens, we could see a rapid price drop to between $102 and $80.
