If CZ (Changpeng Zhao) is released from prison on September 29, 2024, the price of Binance Coin (BNB) is likely to experience a short-term boost. Some predictions suggest that BNB could rise to around $600 or even higher in the days following his release. Market sentiment is largely positive, with excitement building over the potential impact of CZ's return on Binance and its ecosystem.
Analysts speculate that if buying momentum is strong, BNB might test resistance levels around $720 or even $850, though such a surge would likely depend on broader market conditions. However, the effect may be short-lived, with the overall crypto market playing a larger role in determining long-term price movements.
If you're considering buying, it would be wise to monitor both market sentiment and any regulatory developments surrounding Binance, as these could influence BNB’s price.
