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Binance Coin Crash Coming? BNB Price Falls as New AI Crypto Takes Spotlight

Tim Hakki
Last updated: | 2 min read

Today, Binance’s native cryptocurrency, BNB, stands as the poorest performer among the top thirty cryptocurrencies by market capitalization.

Over the past 24 hours, BNB has declined by 6%, currently trading at $607.80.

With a market cap of approximately $94 billion, BNB ranks as the fourth largest cryptocurrency, just behind the dollar-pegged stablecoin Tether.

This positioning makes it the third largest cryptocurrency, though it still trails far behind Bitcoin ($BTC) with its $1.3 trillion market cap and Ethereum ($ETH) at $0.4 trillion.

It’s a challenging day overall for the cryptocurrency market; market-leader Bitcoin has experienced a 3.5% loss, now trading at $66,972. Ethereum, its closest competitor, has also seen a decline, dropping 4.2% to trade at $3,519.

BNB’s price chart for the last three months indicates a very conservative price range.

Throughout April, May, and the first days of June, the token faced stiff resistance at $633, as indicated by the horizontal red line.

Growing support (diagonal green line) helped the coin break above $700 between Tuesday 3rd of and Friday 7th of June, although it is now spiralling.

Source: TradingView

This depreciation is unlikely to continue much longer, according to the coin’s relative strength index (RSI), which is well below 30, indicating an oversold asset that is likely to bounce back up.

BNB is following the market and tracking Bitcoin’s dip, so further losses for Bitcoin could see support for the coin fading.

While BNB Coin Spirals, Investors Pile Into WienerAI, A Viral New AI-Integrated Money-Spinner

As a top-five cryptocurrency, BNB is one of the foundations of today’s $2.6 trillion market cap crypto market.

However, the fact that it’s a part of the establishment limits its potential appreciation and thus its appeal for those who want to trade crypto for profit while supporting innovation in the growing industry.

Those looking to get a head start on the next big thing in crypto would do well to look into AI-integrated meme coins. They combine blockchain tech, AI and viral marketing–three of the biggest money-spinners in Web3.

A new generation of coins like ScottytheAI and WienerAI are doing what no other meme coin projects are doing right now: integrating artificial intelligence to make their holders’ lives easier.

On the surface, WienerAI looks like another dog-themed meme coin, but it’s much more than that.

It’s a next-generation crypto project that utilizes viral marketing strategies in order to bring crypto fans a high-value proposition: the most advanced beginner-friendly AI trading bot in crypto.

The presale is in its second month and it has already taken a tidy $5.4 million in investments.

Touted as a “Revolutionary AI Trading partner”, WienerAI ($WAI) is a digital companion that gives its owners user-friendly AI-enhanced trading advice, seamless swap functionality and zero fees.

Blockchain security platform Coinsult audited WienerAI’s smart contract.

Around 20% of $WAI’s supply is for staking.

WienerAI’s website offers buyers the ability to stake during the presale, in order to take advantage of the lucrative yield, which is currently 207% APY.

All this suggests WienerAI could be a much more profitable cryptocurrency than BNB this year.

Keep on top of WienerAI news over on X and Telegram.

Join the presale now over on the WienerAI website.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.