Binance USD (BUSD) Technical Analysis


$ 1.0003 0.05%

Rank #7

Last update at the same time 2022-09-29T17:02:07.032Z

Technical Analysis of Binance USD (BUSD)

Binance USD Market Cap Fundamentals

Market capitalization:
US $ 21,048,276,760.32

Trading volume in 24 hours:
US $ 7,282,312,760.80

Fully diluted pricing:
US $ 21,048,276,760.32
Total supply:
21,042,229,623.12

Maximum total supply:
Not available

Total circulation supply:
21,042,229,623.12

Binance USD (BUSD) capitalization and total supply metrics explained

The market cap metrics give you an overview of how this coin is likely to grow in the future. Here is an example if you look at the Binance USD (BUSD) coin:

  • The maximum total supply does not exist, i.e. the developer has the right to create mechanisms to release more of this coin. The case of over-issuance will lead to inflation and the price of copper will go down.

The article analyzes the figures of Binance USD (BUSD)

Investment funds that are participating in the investment of Binance USD

According to Coin Market Cap data, we did not find data on the investment funds behind the BUSD coin. However, this data is not necessarily accurate. You can find more information on ADA's official website

Price Change of Binance USD (BUSD) for the last 90 days

last 24 hours
0.05 %
the past 7 days
0.04 %
the past 30 days
0.02 %
the past 60 days
0.04 %
the past 90 days
0.09 %

Technical analysis of the price of Binance USD (BUSD) and some comments

In the long-term, the price of Binance USD has reached 0.08815062 % and is located in the price area of ​​1.00028738 US$.

The short term (here we look at the price of the week for a more stable view than intraday) was at -0.04463739

If you are a HOLDER (i.e. players who make profits based on the length of time) then you should focus on the 90 day long term trend. However, if the investment case is the platform coins alone, then you need to observe with a time length that can be longer than 6 months or sometimes 1 year.

If this coin has many large investors who are funds, you should monitor the movements of investment funds to be able to make the right comments in the future.

In the long term future, the cryptocurrency market will grow very strongly, however in the short term there will be bids by market makers. So learn carefully the information so that you can calm down before the ups and downs of the market.

            

Perspectives when viewing technical analysis if you decide to buy or sell Binance USD

Is technical analysis enough to make trading decisions for Binance USD?

Absolutely not enough. Since there are many different factors that can affect the price of Binance USD, there is also a factor in investor psychology.

For example, within the last 7 days you have seen Binance USD decrease 0.04 %, however it is not certain that this coin will continue to decline in the long-term future.

Cryptocurrency market is a new market and will not have the characteristics of technical analysis like the stock market, gold, .. and many other established markets.

These are just extremely basic analysis of the Binance USD (BUSD), you should not rely solely on this information to make buying or selling decisions.

Calculating the amount to buy based on technical analysis?

You can look at metrics like current total circulating supply, maximum total supply, and compare the price of the Binance USD (BUSD) coin against the top tier coins to see maximum growth potential. of this coin.

As far as current and past data goes, no coin has ever had a market cap that has surpassed Bitcoin (BTC) with a market cap of 2 USD, and Ethereum (ETH) with a market cap of 373,506,315,637.07 USD. market is 164,137,326,334.39.

So you can estimate if the capitalization of Binance USD (BUSD) is equal to the capitalization of 2 coins Bitcoin, Ethereum, how much the price of Binance USD (BUSD) coin will be able to increase. These are common short-term estimates.

To see the detailed analysis, you can also see more articles How much Binance USD (BUSD) do you need to buy now to become a dollar millionaire in the future?

Future price prediction of Binance USD (BUSD)

Based on past data as well as consulting many sources from experts, of course, there will be mixed opinions. However, we want to give you a relative estimate to have more long-term HOLD confidence

These analyzes will be updated regularly as the market changes, We recommend that you use the following information only for reference purposes and not as investment advice.

What is the price of Binance USD (BUSD) in 2024?

Currently, the price of Binance USD is $ 1.0003 and this coin was started in 2019. Many experts estimate the price of BUSD to be in the range of $1.5604 to $2.4007 in 2024

What is the price of Binance USD (BUSD) in 2027?

In the long term, it is likely that the BUSD will have a good breakout. However, this investment requires quite a bit of patience, and this price increase only benefits long-term investors. In 2027 the price of Binance USD will probably be around $4.5013 to as high as $9.7528

What is the price of Binance USD (BUSD) in 2030?

The long-term future of the BUSD will also see growth. Many estimates hope that the price of the Binance USD coin will be able to go up to about $9.9629 to $23.4067 in 2030

What is the price of Binance USD (BUSD) in 2032?

After 10 years, the Binance USD coin is estimated by many experts to fall between $15.0043 to $36.0103 in 2032
                                            

What should beginner investors in this market keep in mind?

If you are just starting out and do not fully understand the technical aspects of digital currency, we advise you to invest coins on reputable centralized exchanges:

If you don't have an account, please sign up for an account at Binance via the link below to receive exclusive offers for our community:

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