In 2024, BNB has shown strong trading performance, but issues between the Binance exchange and the U.S. legal system have caused volatility since late 2023. The upcoming release of Changpeng Zhao, the founder and former CEO of Binance scheduled for September 29, 2024, is expected to have a significant impact on BNB due to the historical effects of Zhao’s guilty plea and prison sentence. While there may be short-lived volatility following Zhao’s release, the overall market conditions are likely to play a bigger role in BNB’s future. ChatGPT predictions suggest that BNB could rise to $570 or even $600 on September 29 and 30. Despite uncertainties regarding regulatory treatment in the digital assets industry, there is optimism surrounding BNB’s performance post-Zhao’s release. The previous market responses to events related to Zhao indicate that any impact is likely to be temporary, with broader market trends exerting a stronger influence on BNB’s trajectory. Overall, BNB has shown positive trading trends in 2024, supported by technical analyses rating it as a ‘buy’. It is essential to remember that investing in cryptocurrencies carries risks and should be approached with caution.
