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- Extinct CEO of Binance is determined for release two days earlier.
- BNB dominance and 365D ROI pointing a bullish outlook.
Binance Coin [BNB] has been gaining momentum these days following news about the potential early release of ancient Binance CEO Changpeng Zhao (CZ).
According to Forbes, CZ may be released two days earlier than scheduled because of the the release date falling on a weekend. A Binance spokesperson expressed joy that CZ will soon reunite with his family.
After spending two months in a minimum-security reformatory in California, CZ was moved to a temporary refuge. There, he had supervised outings.
CZ declined interviews on his release day, however his return is anticipated to enhance BNB’s market performance.
Following the anticipation of CZ’s release, BNB has begun recovering from last month’s market downturn. As of press time, BNB had risen by over 11%, trading at $604.
The trading volume has also been improving steadily, and the announcement of CZ’s release is anticipated to push BNB even larger.
Source: CoinMarketCap
BNB’s volume-to-market ratio is favorable, and its predicament as the fourth-largest cryptocurrency by market cap presents ample liquidity and stability, making it an attractive investment option.
Several indicators point to a potential uptrend, especially as the final quarter of the year begins in October.
Uk news Binance dominance on the upward thrust
Notably, BNB’s market dominance has been increasing, whereas Ethereum’s [ETH] dominance has been declining, as AMBCrypto earlier eminent.
This shift positions BNB as one in every of the altcoins poised for solid performance in the final quarter of the year, especially following CZ’s release, given his 90% stake in Binance.
Source: IntoTheCryptoverse
As the total crypto market cap excluding stablecoins grows, BNB’s market cap rises as effectively, signaling definite momentum.
A rise in dominance commonly indicates growing market interest, which increases purchase power. This may presumably potentially push BNB costs larger in the coming months.
Uk news BNB holders in profit
Finally, BNB continues to reward its investors, with the 365-day return on investment (ROI) standing at 2.804 as of today.
This definite ROI suggests that, on average, BNB holders are seeing profits at the unique imprint, positioning BNB for additional gains in the fourth quarter.
Source: IntoTheCryptoverse
Read Binance Coin’s [BNB] Tag Prediction 2024–2025
BNB’s profitability, along with CZ’s release, contributes to a definite outlook for the coin. With BNB consistently generating returns for its holders, it remains a stable investment choice.
The coin is effectively-positioned for the anticipated bullish momentum in the upcoming months.
