5 Rebounding Cryptocurrencies to Buy in August

3. Binance Coin USD (CCC:BNB-CCC)

Binance Coin USD (CCC:BNB-CCC) is the native currency for Binance, which is the biggest cryptocurrency exchange in the world.

Industry analysts believe that the price of Binance Coin USD (CCC:BNB-CCC) will surpass $274 by the end of this year. The analysts further predict the coin will reach $781 by 2025 and $1,814 by the end of this decade. Those projections are based on the consensus of 54 analysts.

The platform has come under the limelight for allegedly being a hub for drug dealers, fraudsters, and hackers. However, CEO Changpeng Zhao has countered these claims and highlighted that the exchange has one of the toughest know-your-customer (KYC) protocols and anti-money laundering (AML) measures in place. Mr. Zhao claims that the island nation of Palau has adopted the KYC protocols of Binance in its digital ID system.