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Cryptocurrencies Price Prediction: Binance, Bitcoin & Altcoins – American Wrap 16 January

BNB price could rally 30% as Binance launches crypto exchange services in Thailand

Binance Coin (BNB) price is an outlier, recording the same technical formation twice in a row in under a month. After a successful first, the odds for the second one actualizing are high, with a bullish fundamental available that could catalyze a strong move north.

In the crypto community, there is a long standing rivalry between the two largest cryptocurrencies, Bitcoin and Ethereum, for capturing market share and dominance.

While BTC hands down beats Ethereum at market dominance, higher market capitalization and adoption, Ether supporters envision “flippening” the narrative where Ethereum’s market capitalization will exceed that of Bitcoin, at some point in the future.

Too early to announce the beginning of the altcoin season

The bitcoin exchange rate is hovering around $43,000, up a modest 0.8% in 24 hours. This momentum is mirrored by the broader crypto market, where capitalisation has risen to $1.69 trillion. Technically, bitcoin continues to trade around its 50-day moving average.
 
 

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