In a recent report by Messari, the analysis sheds light on the developments and challenges faced by Binance Chain (BNB), the blockchain created by Binance, the world’s largest cryptocurrency exchange regarding trading volume. The report highlights the separation of BNB Chain from Binance and various events and allegations that have impacted Binance and its associated…
BNB price struggles as $270 support fail to hold, with many buyers wishing for $200 BNB. BNB price breaks below 50 and 200-day Exponential Moving Average; this invalidates the bullish price of BNB. The price of BNB could restest $200 if the price maintains a bearish structure. Many The price of Binance Coin (BNB) has…
BNB price (Binance coin) is struggling to clear the $315 resistance against the US Dollar. It is declining and remains at risk of a move below $300. Binance coin price is moving lower from the $315 resistance against the US Dollar. The price is now trading below $312 and the 100 simple moving average (4…
In a shocking turn of events, Binance CEO Changpeng Zhao has agreed to step down from the crypto exchange and has plead guilty to “violating US anti-money laundering requirements.” The news is currently being priced into the crypto market, leading to extreme volatility in Bitcoin and altcoins, plus a lot of chatter on social media.…
BNB price struggled to climb above $240 and corrected gains against the US Dollar. It is now approaching a major support zone at $220 and $215. BNB price is slowly moving lower toward the $220 support against the US Dollar. The price is now trading above $215 and the 100 simple moving average (4 hours).…
BNB price is consolidating losses below the $1,200 zone. The price is now facing hurdles near $1,250 and might start another decline in the near term. BNB price is correcting gains and traded below the $1,200 support zone. The price is now trading below $1,180 and the 100-hourly simple moving average. There is a short-term…
Binance Smart Chain (BNB) has seen significant growth in its daily active addresses and transactions in the second quarter of 2023, according to a report by blockchain analytics firm Messari. The increase in activity was primarily driven by LayerZero, a cross-chain messaging protocol that enables lightweight and efficient communication between different networks. However, BNB’s market…
Binance, the world’s largest cryptocurrency exchange, is currently grappling with challenges that have raised concerns about its credibility and market performance. Recent reports by Forbes shed light on Binance’s initial coin offering (ICO) and the subsequent distribution of its native cryptocurrency, Binance Coin (BNB). Behind The Curtain The investigation reveals allegations of undisclosed token retention,…
BNB price gained momentum and climbed above the $250 resistance. It is up over 5% and the bulls could soon aim for a move toward the $300 level. BNB price is moving higher above the $250 resistance. The price is now trading above $255 and the 100 simple moving average (4 hours). There is a…
Amidst regulatory scrutiny and leadership changes, Binance Coin (BNB) lost its footing in the liquidity race, slipping to 13th place in Q4 2023, according to Kaiko data on January 11. This surprising development contrasts BNB’s position as the third-largest cryptocurrency by market capitalization, raising questions about its general liquidity. Dogecoin Flips BNB In Liquidity Rankings Kaiko’s findings,…