BNB is one of the assets that amaze a whole lot of crypto investors. Its volatility has been between the ranges of $216 to $354 in the last three months of the year.
The price analysis of binance crypto (BNB) in the month of October to December 18 in 2022 is been summarized in this content under the following sections.
Distribution of BNB price by month
The chart below shows the price distribution of BNB in three months.
This is possible by finding the mean price of BNB in each of the month. SPSS calculated the mean price of BNB for the month of October, 2022 is $281.96 for November it was $296.21 and December is $278.95.
It can be seen that the month of November had the highest price of BNB as seen in the chart below. It also seems the price in October is similar to that of December visualizing the chart but the mean price of BNB in October , 2022 was greater than that of December. But from here I cannot conclude for the mean price of BNB in December due to the fact data for all the days of December aren’t complete for the month but more than half of the month price of BNB were entered and is sufficient to generalize or estimate its mean price.
Volatility curve for BNB
The volatility curve also shows the price performance for the period of October to December in brief.
It is also confirmed having divided the months into three sections as displayed above. The price of BNB for November was closer to $300 range whereas October was the second month with a close range price but in December there is also a significant change in price denoted by the steep downward curve. The price of BNB in the last three months of 2022 never went below $200.
I also got faith in this asset to estimate $400 in the coming bull run of 2023.
Boxplot of BNB Price
The boxplot shows the price range of BNB for the three months.
The numbers above are extreme or high price of BNB and that below are extreme low prices of BNB. The numbers denotes data entry locations on SPSS spreadsheet not the price of BNB. The usual price of BNB is shown in the boxplot range.
Maximum and minimum price of BNB
The maximum and minimum price will give a better representation of the price range. During the stated period, the maximum price of BNB was $354.95 and lowest price was $216.28.
Conclusively
The price features of BNB were represented using descriptive charts such as bar chart, boxplot and tables. The price of BNB in the last three months of 2022 identifies the month of November as that with the highest price of BNB. However from my own prediction the price of BNB may estimate up to $400 with facts that is already estimated $354.
Thanks for reading, I wish you all a lovely day.
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