While the cryptocurrency market is going through a turbulent period, two altcoin projects have become very popular with the developments. The price of Binance’s native token (BNB) surged after French financial regulators approved Binance and Binance provided Musk with $500 million in funding for Twitter. Privacy-oriented altcoin projects such as Monero (XMR) continue to be the focus of attention in the crypto ecosystem. As Kriptokoin.com, we provide price analysis and analyst opinions for BNB and Monere.
The short and long-term forecasts for BNB are bullish
The crypto community on CoinMarketCap, with 83 percent historical accuracy and 4,817 votes, averaged 423.99 BNB through the end of May 2022. He predicted that it would rise to the dollar levels. The estimated price marks an increase of about $14.55, or 3.55 percent, from the current value of BNB. Meanwhile, votes from 2,187 community members for the end of June set a slightly higher growth target than in May. The community predicts that BNB will trade at $425.45 on June 30. This means an increase of about 3.91% from the current price. Based on the performance of its previous predictions, the crypto community historically predicted BNB price with 83.06 percent accuracy.
In another analysis in March, experts reported that the BNB price could continue to rise steadily over the next decade, even exceeding $2,400 by 2030. In the near future, experts said that the token will be traded at around $527 by the end of 2022. It will be interesting to observe how everything will develop for BNB and whether the expectations of experts and the community regarding the future price increase will come true.
Upcoming updates and enhancements for Monero raise bullish prospects
Monero (XMR) has risen steadily over the past three months. The price, which was $ 156 on February 4, rose to $ 226 on May 5, making a huge jump of about 44.87 percent. As a result, given the investors’ interest in privacy-oriented altcoins, what levels XMR will see is followed with interest by the crypto circles. The cryptocurrency community at CoinMarketCap predicts that the XMR price will trade at $247.67 by the end of May 2022. The estimated price represents an increase of 10.8 percent, or $24, over Monero’s current price. Based on six previous price predictions for Monero, the community has a historical accuracy of 77.42 percent in predicting the price of XMR.
To a post published on April 20 by one of Monero’s developers According to the report, the network will undergo an update to a block height of 2.6 million on July 16, 2022. The “Fluorine Fermi” upgrade will bring many new features to the network alongside bug fixes. As previously mentioned by the developer, Monero will increase the ring size from 11 to 16. This, in keeping with the unique approach of the network, the upgrade will give users greater access to their core privacy. Additionally, the network will use an enhanced version of the Bulletproofs algorithm, which will reduce the size of each transaction by about 7 percent on average. Point two, the network will reduce the wallet’s sync time by about 30 percent to 40 percent and implement a change in Monero’s pricing model. Monero investors expect updates and improvements to increase the price of XMR.
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