Binance founder Changpeng Zhao, also known as CZ, has recently lauded BNB’s listing on a major crypto exchange. Besides, his recent comment comes as BNB price has recorded a significant decline today amid a broader crypto market selloff. However, despite that, his recent confidence in the asset has further fueled optimism toward the crypto’s potential rally to $800 ahead.
Binance Founder Changpeng Zhao Lauds Major BNB Listing
In a recent X post, Binance founder Changpeng Zhao lauded the BNB listing on the Revolut exchange. Notably, this comment comes as the asset has faced a significant drop amid a broader crypto market crash. Yet, CZ’s comment has sparked optimism among investors towards the asset’s future trajectory. He stated,
“Just learned: Revolut listed $BNB. Again, I didn’t know about it until a few minutes ago. The community is growing.”
The listing signifies growing institutional acceptance of BNB, potentially setting the stage for its price recovery. One user commented that Binance now supports crypto purchases via Revolut Pay. Changpeng Zhao responded with surprise, stating, “Didn’t know that either,” showcasing the growing interconnectedness of financial platforms supporting Binance.
This listing marks a critical step for BNB, emphasizing its utility and appeal. With Revolut’s global reach, the token could attract more investors, driving higher adoption rates and possibly boosting its price trajectory. Notably, Revolut Exchange is one of the leading exchanges in Europe, with around 40 million users globally.
BNB Price To Hit $800?
BNB price today was down more than 9% and exchanged hands at $638, while its trading volume soared 5% to $2.94 billion. On the other hand, the token’s Relative Strength Index (RSI) stood at 39, indicating a potential rally ahead for the asset. However, CoinGlass data showed that its future open interest slumped 5% amid a gloomy sentiment noted in the broader crypto market.
Meanwhile, amid the Binance’s founder’s optimism, a recent BNB price analysis indicates that the crypto is gearing up for a potential rally in the coming days. Notably, the analysis showed that once the crypto hits a critical level of $886, it could continue its upward run towards $1,036 next. This has further fueled optimism, amid Changpeng Zhao’s comment over the asset’s listing.
Meanwhile, the market anticipates another rally for the broader market. Notably, the crypto market has recorded a robust run over the last few months, especially after Donald Trump’s election win. Despite the recent setbacks, experts remained confident about the long-term trajectory of the token, which could send the crypto to $800 in the coming days.
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