Table of Contents:
- Coin prognosis
- What is BUSD coin?
- Future price prediction
- Frequently asked questions
- Historical Price Data
Possible bearishness on BUSD Downside
Over the past few weeks, BUSD's price has performed poorly in relation to the market. This poor performance is reflected in it's daily price movements which heavily influences our ranking algorithms. Buying BUSD at this time may lead to loss of capital. However, if you believe this is a good project, take a look at our Fundamental analysis and do a detailed due diligence, then accumulate a long-term position.
What is BUSD? Fundamental Analysis
Binance USD (BUSD) is a stable coin pegged to USD that has received approval from the New York State Department of Financial Services (NYDFS). BUSD will be available for direct purchase and redemption at a rate of 1 BUSD = 1 USD.Starting September 12, 2019, BUSD will be available on the Paxos platform for direct purchase and redemption 1:1 for U.S. dollars or PAX. Later in September it will become available on Binance.com for trading initially against BTC, BNB and XRP and more to come. BUSD is now available for purchase and redemption on the Paxos platform. In order to get BUSD through Paxos, you need to be a verified customer. You can either deposit PAX or deposit dollars by wire from a bank account.
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Future price prediction
| Date | Price | Possible movement |
|---|---|---|
| May 18, 2021 | $1.0025 | Neutral |
| June, 2021 | $ 0.9999 USD | Downside |
| July, 2021 | $ 1.0035 USD | Upside |
| August, 2021 | $ 1.0006 USD | Downside |
| November, 2021 | $ 1.0009 USD | Downside |
| May, 2022 | $ 1.0006 USD | Downside |
BUSD Crypto Price Forecast: Frequently Asked Questions
| Question | Answer |
|---|---|
| Will BUSD rise today? | Our data indicates BUSD will rise today. It's already higher than it's opening price. That's a great sign |
| What will be the highest price of BUSD (BUSD) in future? | Our analysis shows BUSD is already past it's immediate all time high, indicating a bearish signal! |
| Will BUSD (BUSD) price increase in future? | No. Our algorithms indicate that BUSD (BUSD) will experience a significant decline in future. As low as $1.0006/BUSD |
| Will an Investment in BUSD (BUSD) be profitable or make a loss? | Probably Loss making. |
| What will be the lowest price of BUSD (BUSD) in future? | $1.0006 USD |
| Will the price of BUSD (BUSD) move downward in future? | Down only |
| At the end of the year, what will be the price of 1 BUSD? | Our analysis shows an end of year prognosis of 1BUSD = $1.0006 USD. |
| Where do I buy BUSD? | We have curated some great options. Buy BUSD coin here → |
Historical Price Data (USD)
Pay close attention to daily volume fluctuations. Poor volume like BUSD has is a good indication of bearishness in the short term.
| Date | Price | Volume |
|---|---|---|
| March 20, 2021 | $1 | $20,281,472 |
| March 19, 2021 | $1 | $41,189 |
| March 18, 2021 | $0.9998 | $54,294 |
| March 17, 2021 | $0.9999 | $62,024 |
| March 16, 2021 | $1.001 | $62,533 |
| March 15, 2021 | $0.9998 | $75,240 |
| March 14, 2021 | $1 | $34,879 |
| March 13, 2021 | $1.001 | $57,871 |
| March 12, 2021 | $1 | $54,324 |
| March 11, 2021 | $1.001 | $59,212 |
| March 10, 2021 | $1.001 | $70,208 |
| March 9, 2021 | $1 | $53,768 |
| March 8, 2021 | $1 | $48,108 |
| March 7, 2021 | $1 | $32,962 |
| March 6, 2021 | $1 | $25,122 |
| March 5, 2021 | $1 | $60,978 |
| March 4, 2021 | $1 | $61,387 |
| March 3, 2021 | $1 | $51,574 |
| March 2, 2021 | $0.9998 | $43,298 |
| March 1, 2021 | $1.001 | $65,646 |
| February 28, 2021 | $1.001 | $62,300 |
| February 27, 2021 | $0.9999 | $39,040 |
| February 26, 2021 | $1.001 | $90,510 |
| February 25, 2021 | $1 | $73,194 |
| February 24, 2021 | $1 | $74,993 |
| February 23, 2021 | $1 | $165,773 |
| February 22, 2021 | $1 | $130,819 |
| February 21, 2021 | $0.9999 | $33,825 |
| February 20, 2021 | $1.001 | $52,920 |
| February 19, 2021 | $1 | $72,475 |
