Binance Coin price analysis: A rally to $350 is likely

Binance Coin made a strong comeback in July, rising by 29%. Although there was some profit-booking seen at the end of the month, buyers have resumed their purchases as of 3 August 2022.

According to a report by news and research website CoinJournal, some 21 exchanges have ceased operations so far in 2022. However, the larger crypto exchanges have continued to increase their market share. Binance has increased its spot-trading market share from 45% at the start of the year to 49.7% in June, according to data from research firm CryptoCompare. #Binance #BNB