A statue of the founder of Binance, Changpeng Zhao, will be exhibited in Washington this week, after this iconic individual received President Trump’s pardon. The move could favor a bullish Binance Coin price prediction, and here’s why.
“It wasn’t a crime, that he was persecuted by the Biden administration, and so, I gave him a pardon at the request of a lot of very good people,” President Trump commented on the matter.
A group of four people funded this initiative, which cost around $50,000. It took them around four weeks to print it by using dense foam.
CZ paid a $4.3 billion penalty after pleading guilty to facilitating money-laundering activities through the trading platform he founded.
The timing for the release of this statue is impeccable, as Binance Coin recently reached a new all-time high and is the top-performing token in the top 5 with year-to-date gains of 62%.
Binance Coin Price Prediction: BNB’s 200D EMA is The Key Support to Watch
Binance Coin has retreated by 1.9% in the past 24 hours, but trading volumes have subsided lately, meaning that the selling pressure is relatively weak.
The token is nearing a key support at around $1,190, from which it dropped a couple of times in the past. Technical indicators favor a bullish mid-term outlook as the price has climbed above the 200-day exponential moving average (EMA).
As long as this key support holds, the price action would favor a bullish Binance Coin price prediction with a target set at $1,300 again.
CZ’s pardon could open up the door for Binance to further expand its footprint in the U.S. market, as President Trump continues to solidify his image as a pro-crypto figure.
Meanwhile, early presales could offer the biggest upside as altcoin season resumes. A Bitcoin layer-two scaling solution called Bitcoin Hyper ($HYPER) stands out from the crowd, as this project aims to overcome the hurdles that have prevented Bitcoin’s DeFi ecosystem from growing further.
Bitcoin Hyper ($HYPER) Raises $25M to Kickstart a New Era for BTCFi
BTC holders will soon have the chance to earn yield, stake, and lend their tokens safely with the launch of Bitcoin Hyper ($HYPER).
This protocol designates a Bitcoin wallet to receive BTC tokens, and mints the corresponding amount on the Hyper L2 with the help of the Hyper Bridge.
Once in there, BTC holders can access a suit of DeFi projects, payment platforms, and meme coins built on the Hyper ecosystem.
This will unlock trillions of dollars in untapped value within the Bitcoin ecosystem, and $HYPER will experience a spike in demand once top wallets and exchanges embrace the L2.
To buy $HYPER before its next price increase, head to the Bitcoin Hyper website and connect a compatible wallet like Best Wallet.
You could either swap USDT or SOL for this token or use a bank card to invest.
Buy $HYPER here
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