Binance Founder Changpeng Zhao Highlights Major BNB Listing, Fuels Optimism for $800 Price Target
Highlights:
- Binance founder Changpeng Zhao praised BNB’s recent listing on a top crypto exchange.
- BNB price declined over 9% today amidst a broader market downturn but retains potential for recovery.
- Market analysis suggests a possible rally to $800 or beyond in the near future.
Binance’s founder, Changpeng Zhao (CZ), recently expressed enthusiasm for BNB’s listing on the Revolut exchange, sparking optimism despite the current price dip. His comments have reignited confidence in BNB’s potential trajectory, with analysts suggesting it could rally to $800 in the coming days.
Changpeng Zhao Applauds BNB Listing on Revolut Exchange: In a recent social media post, CZ celebrated BNB’s listing on Revolut, a prominent global financial platform. He highlighted the growing community and increasing institutional support for the token, stating:
“Just learned: Revolut listed $BNB. Again, I didn’t know about it until a few minutes ago. The community is growing.”
This development underscores BNB’s rising adoption and utility, particularly as Revolut Exchange, with its 40 million global users, offers significant exposure for the asset. One user noted that Binance now supports crypto purchases via Revolut Pay, further linking financial platforms and expanding BNB’s reach.
Potential Price Rally for BNB: Despite a 9% drop today to $638, BNB’s trading volume increased by 5% to $2.94 billion. The token’s Relative Strength Index (RSI) at 39 indicates it remains positioned for a potential recovery. Analysts suggest that if BNB reaches $886, it could rally further to $1,036. 
Market optimism is bolstered by BNB’s long-term growth prospects, even amid broader market fluctuations. The listing on Revolut could enhance adoption, with Changpeng Zhao’s remarks fueling further confidence in the token’s upward momentum.
Broader Market Context and Outlook: The crypto market has seen substantial growth in recent months, partly driven by broader economic factors. Despite recent challenges, experts remain optimistic about BNB’s potential, projecting a rally to $800 and beyond as market sentiment improves.
