![]() īNB was initially released through an initial coin offering (ICO) on the Ethereum network and was designed to be used for lower trading costs on the Binance exchange. This launch was part of Changpeng Zhao ’s strategy when he founded Binance Coin and the exchange itself. The token was introduced in 2017 as part of Binance’s overall strategy to grow its ecosystem, which includes the launch of a wallet and educational materials. Binance Coin’s dual utility as a means of payment and a tradable asset makes it an attractive option for crypto traders. Binance Coin was created in July 2017 and initially ran on the Ethereum blockchain as an ERC-20 token before it migrated to Binance’s own blockchain, the Binance Chain. Additionally, BNB can be traded or exchanged for other cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin, on the Binance exchange. Binance exchange users can use BNB to pay trading fees and receive a discounted rate. 6 BNB (Binance) Coin price prediction 2025 – 2030īinance Coin (BNB) is a cryptocurrency that serves as a utility token on the Binance cryptocurrency exchange, the largest exchange in the world by trading volume.5 BNB (Binance) Coin price prediction 2023.4 BNB (Binance) Coin past price analysis.LEO's Needs Better Data Analysis to Stop Tech-Savvy Cybercriminals – 107.180.56.147.When mortgage rates start to fall housing prices will follow: Brown Harris Stevens CEO Bess Freedman.Ride Review: BMW’s Unique ‘CE 04’ Is The E-Scooter From The Future – Forbes.Cryptocurrency Custody Software Market | How the Market Will Witness Substantial Growth in the Upcoming y – Benzinga.Price cuts, discounts trigger sales volume bounce for consumer companies.Sibos 2023 kicks off: Collaboration, fragmentation, innovation – SWIFT.ROSEN, LEADING INVESTOR RIGHTS LAW FIRM, Encourages … – PR Newswire.When you invest, your capital is subject to risk). (This site’s content should not be construed as investment advice. BNB’s struggle with overhead resistance underscores the challenges faced by cryptocurrencies in maintaining upward momentum amid market volatility.Īs the crypto landscape continues to evolve, investors and enthusiasts will closely monitor these trends to assess the potential impact on the broader market and the long-term viability of different blockchain ecosystems. ![]() These developments in the crypto market highlight the ongoing battle between various blockchain platforms and decentralized exchanges. PancakeSwap’s revenue during the same period, however, exceeded expectations, reaching $970,800.īNB market cap currently at $33 billion on the weekend chart: Implications For The Crypto Market In contrast, BNB Chain’s 30-day revenue stood at $931,700 on September 7. Token Terminal data reveals that, as of September 6, PancakeSwap generated fees totaling $96,237, indicating a substantial increase in user transactions compared to the previous day. PancakeSwap operates on BNB Chain due to its lower transaction costs, which allow users to swap tokens with significantly reduced fees compared to Ethereum (ETH). surpassed in terms of monthly revenueĭata source: $CAKE $BNB #BNB #BNBChain /Vp1bHg8o6N According to a post by glebk.eth, PancakeSwap’s monthly revenue has surpassed that of BNB Chain over the last 30 days. In a parallel development, PancakeSwap (CAKE) has achieved a significant milestone in the cryptocurrency ecosystem. This could potentially propel the coin’s price to target levels of $234, and if momentum continues to favor buyers, it may even reach heights of $247 or even $263. Price analysis suggests that a successful breakout from this falling wedge pattern would signify a bullish turnaround for BNB. If the recent breach below $220 fails to sustain, it could open the door for buyers to challenge the overhead resistance. ![]() The falling wedge pattern, often referred to as an ending diagonal pattern, can be seen as a potential signal of exhaustion within a prevailing bearish phase, hinting at a potential trend reversal. However, amidst the prevailing market uncertainty, BNB’s price has turned sideways, leaving both buyers and sellers in a state of indecision. On August 31, the BNB price dipped below the critical $220 local support level, signaling the possibility of further bearish movement. This downward trajectory has formed a falling wedge pattern, a technical indicator characterized by declining peaks and troughs confined within two converging trend lines.Īs of the latest data from CoinGecko, BNB is currently trading at $214.94, with a 24-hour decline of 0.9% and a modest seven-day gain of 0.6%. Binance Coin (BNB) has experienced a notable setback, retracing from its overhead resistance for the third time in just two months.
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