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Over the weekend, the Banana gun token saw a price surge based on integration news. However, after that initial spike, the BANANA coin price started to drop gradually.
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On Aug. 17, the native token of the Banana Gun project surged from about $50 to nearly $62 during the day, following news of a partnership with Birdeye, the Solana on-chain data aggregator.
As of today, Aug. 19, the Banana Gun (BANANA) crypto is trading at around $50, reflecting a 6% decline over the last 24 hours. What is the BANANA token price prediction for the short and long term?
What is Banana Gun
Banana Gun is a set of Telegram-based bots for trading on Ethereum (and Ethereum layer-2 chains Base and Blast) and Solana. The tool lets you get in on new token launches before they’re officially released and helps you buy tokens that are already available on the market.
BANANA is the native token of Banana Gun and is used for unlocking additional bot features through burning, voting on proposals, accessing an exclusive holder’s chat, and earning profits from the trading bot.
What’s driving the growth of the Banana Gun coin? Let’s take a look at the latest news about the token.
Banana Gun crypto news
On Aug. 14, Banana Gun announced on X its new integration with Birdeye, a well-known Solana data aggregator and charting tool. This partnership simplifies the process for users to identify Banana transactions on the Birdeye platform. This likely contributed to the recent Banana Gun price rise on Aug. 17.
Moreover, on Aug. 13, the project reported that it had burned 2% of the total BANANA tokens, worth approximately $8.6 million.
According to onchain analyst Ember, on Aug. 17, a total of 75,000 BANANA coins were moved from the Banana Gun Treasury to Galaxy Digital, with 25,000 of those coins subsequently transferred to Binance.
What’s next for the BANANA crypto coin?
BANANA coin price prediction: short-term outlook
According to CoinCodex’s Banana Gun crypto price prediction, BANANA’s price is anticipated to increase by 224.55%, potentially reaching a new all-time high of $164.8 by Sept. 18, 2024.
As of Aug. 19, 2024, the overall sentiment for the BANANA price forecast remains bullish, with 21 technical analysis indicators showing bullish signals and 2 indicating bearish trends.
Banana Gun price prediction 2024
DigitalCoinPrice, drawing from insights from investors and market experts, expects that the BANANA token price might surpass its old high of $78.7 and settle between $102.97 and $107.92 by the year’s end.
According to CoinCodex’s expectations for the Banana Gun coin, it is forecasted to trade between $50.78 and $237.04 this year. If it reaches the upper end of this range, BANANA could see an increase of 380.05%.
Wallet Investor suggests that by the end of 2024, the BANANA token could achieve a maximum price of $81.452.
Banana Gun price prediction 2025
According to DigitalCoinPrice’s Banana Gun price prediction for 2025, the price of BANANA could fluctuate between $105.94 and $128.46, with the most likely value stabilizing around $125.45 by year’s end.
CoinCodex’s forecast for 2025 is consistent with its prediction for 2024.
Wallet Investor expects that by the end of 2025, BANANA could potentially trade at $138.219.
Banana Gun price prediction 2030
DigitalCoinPrice’s forecasts and technical analysis project that BANANA’s price could reach a significant high of $333.44 or even $362.35 by the end of 2030. The period from 2024 to 2030 is expected to be crucial for the growth of Banana Gun.
According to CoinCodex’s BANANA price prediction for 2030, the token’s price could range from $124.83 to $202.4.
Is Banana Gun token a good investment?
Before putting your money into anything, consider how much risk you’re okay with and what you want to accomplish financially. That way, you can make choices that fit your investment goals.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
This article first appeared at crypto.news
